Friday, January 28, 2011

Inexpensive ways to boost resale value

Homegain.com just released the results of its 2011 home improvement survey, showing which less-costly home improvements tend to produce the biggest return on investment (ROI):
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...the
top five home improvements (under $5,000) that real estate professionals recommend to home sellers based on average cost and return on investment (from highest to lowest ROI) are:
·         Inexpensive Ways To Boost Resale Value
·         Cleaning and de-cluttering ($290 cost / $1,990 price increase / 586% ROI)
·         Lightening and brightening ($375 cost / $1,550 price increase / 313% ROI)
·         Home staging ($550 cost / $2,194 price increase / 299% ROI)
·         Landscaping ($540 cost / $1,932 price increase / 258% ROI)
·         Repairing electrical or plumbing ($535 cost / $1,505 price increase / 181% ROI)
Cleaning and de-cluttering continues to rank as the top suggested home improvement (since the survey was originally conducted in 2000), recommended by 99 percent of real estate professionals, costing less than $300 and returning a value of nearly $2,000 to the home's sale price, or a 586 percent return on investment.
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To read the entire article summarizing the survey, CLICK HERE.
[SOURCE: Homegain.com]

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