Which Home Improvements = Highest Returns
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Every home needs maintenance repairs over time, but if you are putting your house on the market you may want to know the top four places to put your money so that you will get the biggest return out of it. According to a survey done by HomeGain, in order to get the highest return on your investment, spend your repair dollars on the following in this order:
- Cleaning and de-cluttering
- Lightening and brightening
- Home staging
- Landscaping
Comments (2)
Obviously the monetary returns may vary slightly based on where you live in the country, due to the cost of a repair and the importance of each particular improvement to buyers in that area. HomeGain estimates that making the above repairs and spending between $5,000 and $8,000 on them, you may see a price increase in the West as high as $22,762, in the East as high as $23,532, in the South as high as $21,740 and in the Mid-West as high as $20,279. Other things never to overlook when putting your house on the market are dirty windows, electrical repairs, plumbing problems, old carpeting, old paint and damaged floors.
Bill Jur, almost 16 years ago
Does the survey say anything about the kinds of return on investment you'll see for each of these? The first 2 seem a bit obscure; I'm not sure you can even measure these in any kind of real way.
Joshua Dorkin, about 16 years ago