A Few Simple Renovations Can Yield Big Returns

Many times when I am showing real estate, I am surprised at how closely buyers scrutinize the condition of the homes; how little they are willing to overlook regardless of how realistically priced the home is, and with little regard to the value a home that just needs a little TLC.  More and more it appears that the discerning homebuyer just doesn't want to be bothered even if the home is a "bargain".
For this reason, it has become increasingly important that sellers consider making some renovations prior to putting their home on the market.  I realize the idea of putting money into a home you want to sell may not sit so well and that sellers may cringe at the idea of doing home renovations, but you need to weigh the size of the investment you will make with the return you will get when you sell. 

There are a few affordable do-it-yourself projects that can be done with minimal disruption to your home, and which can result in substantial returns.

1. Hard Wood Floors - According to HomeGain's Annual Home Improvement and Staging Survey, approximately 86% of homebuyers in 2011 chose a home with hardwood floors.  If you have wood floors that seem worn, you may want to consider refinishing them.  This would require the expertise of a skilled professional, but is well worth it.  If you don't have wood floors, seek the advice of a craftsman and explore your options regarding different installation methods available.
2. Kitchen & Bathroom Hardware - Installing new towel racks, cabinet handles, toilet paper dispensers, etc, is a simple upgrade that you can do yourself if you are somewhat handy and which can make these rooms appear to have been upgraded. 
3. Cabinet Upgrades - If your cabinets are not dated or in poor condition, refinishing the doors and draw panels and replacing old hardware with updated ones is less expensive and less disruptive to your home. 
4. Exterior Door Replacement - The first thing visitors see as they approach your home, the front door should be replaced if it is old, damaged, warped or energy inefficient. 
5. Fresh Coat of Interior Paint - A fresh coat of paint goes a long way and not only brightens your home, but also protects it. It helps to show your home in the best light and while it does take patience, you can do this project yourself. ( I say this easily, but I am the first one to step into paint or spill it!)

Some other simple projects which give sellers the biggest return for their time and money are:

• Cleaning and decluttering countertops, closets and shelves
• Brighten up the home by cleaning windows inside and out; maybe replacing old curtains and lighting fixtures
• Rearrange furniture and add some new accessories, artwork and soft music
• Spruce up the curb appeal by making sure lawn, bushes and flowers are cared for and manicured 
• Shampoo carpets; repair floor creaks, cracked moldings
• Fix leaks in and under the sinks, remove any mildew stains; ensure plumbing is in good condition

I know this seems like a lot, but these days sellers must make the effort if they want to attract homebuyers and statistics show these projects will be worth your while.