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www.eInvesting.com Forum Index » Real Estate Investing

Besides kitchen/bathrooms What else to Increase Value?


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trixiezzz
PostPosted: Thu Mar 10, 2005 6:42 pm Post subject: Reply with quote

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Yes, and add to that, MAKE your kids pick up their clothes off the floor if your house is being shown that day. I could not believe how many totally wrecked bedrooms I saw when looking for a house!!!
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bbehr
PostPosted: Mon Sep 19, 2005 7:47 am Post subject: Reply with quote

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There are two types of buyers: Those that can see through the green shag and yellow walls, and those that can't! (Depending on your price range and the quality of homes in your market). If your carpet is stained and worn out you have 3 choices replace it, give a buyer allowance, do nothing. There are many things to consider before you decide on a option. Talk to your realtor, listen to showing feedback, compare your house with the neighbors, today there are so many flooring options with faux wood floors and vinyl that looks like tile. Whatever you do you can never tell what prospective buyers might say. Paint is another topic and should always be done, if needed, because of the low cost,DIY, and always stick with neutral colors.
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murcielago
PostPosted: Sat Jan 28, 2006 9:36 pm Post subject: Reply with quote

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maybe you should also get rid of all the unimportant stuff, lose the paintings on the wall for instance, maby something very little in a certain place.

try to add some of that designer's touch, be tasty.
makes you look more professional and buyer will probably trust you more.
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efflandt
PostPosted: Sun Jan 29, 2006 1:14 pm Post subject: Reply with quote

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In my case I looked at my home on a nice warm day in spring 2002 and did not realize that the doors were open and scented candles were going because the old lady smoked like a chimminy. I also did not realize that the walls and ceilings were supposed to be white instead of off white until doing a complete wall/ceiling washdown (rags turned nicotine yellow) after buying it. I got a large area rug to cover up the cigarette burns (hidden by furniture) until I have a chance to replace the carpet. Even after using heavy duty Renuzit (sp?) air fresheners with multiple cover up scents and airing out the place with box fan in upstairs widows during summer nights, the closets reeked for a couple of years.

Found out later her pregnant daughter and husband wanted out due to her smoking. Feel sorry for her brother who picked her up with fag in hand with his tractor/trailer on his way to Connecticut before heading back to California, so she can care for his disabled wife.

But the cigarette stench is now gone, I refinanced to 20 yrs. knocking off 7 yrs of payments and $62k interest, socking 20% in my 401k which is up 5.44% YTD in less than a month, and having fun investing IRA/Roth IRA money, so life is grand, for the moment.
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frusnak
PostPosted: Sun Jan 29, 2006 2:12 pm Post subject: Reply with quote

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more...

Life is sweet ain't it! Very Happy
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Grimreaper
PostPosted: Sun Jan 29, 2006 3:18 pm Post subject: Reply with quote

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Here's my advice. Do absolutely nothing right now since we are at the top of the RE cycle and home prices are going to come down pretty dramatically. Along with that the cost of commodities will also tumble. So it makes absolutely no sense to put major repairs into your home right now to increase the value for resale because you will be paying too much for materials and the gains will be wiped out as the price of your home falls in value. My suggestion would be to wait at least 1 year before you make any major renovations. By then we will have a much better idea about the number of additional homes on the market due to forclosure. The good news for those who are looking to buy a home and can wait is that if a bank forecloses on a home where the mortgage was initiated in say the year 2000, then the bank really only needs to get the year 2000 mortgage amount out of the house to be made whole. In the past 5 years homes have doubled in my area. I am looking forward to future bargains in the RE market as we buy homes at year 2000 prices again! Wink The one thing you can do to your home that is inexpensive and also enjoyable is to improve the landscaping come spring time. Plants are cheap! And they make a big difference in the overall look of your home.
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