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The Costs of Transforming Your Home into a Buyers Dream House
Turning your house into the home of a buyer's dreams doesn't have to cost a great deal of money. In fact, armed with some paint and the determination to work hard, most home sellers usually need to invest only about $500 to spruce up their homes for a quick sale. A little paint, inside and out, and some good, old-fashioned "sweat equity" will go a long way toward transforming the look and feel of your home. If you have a Restore outlet (the thrift store for Habitat for Humanity) near you, you'll also be able to save considerably on lighting fixtures, "oops" paint, and other building materials. If you shop carefully, you can also find great sales at the various home building supply stores that are springing up around the country. They carry just about anything you'll need, and their prices are generally quite good, compared to department and retails stores. So how much should you spend on transforming your house? As I mentioned earlier, if your home needs only paint, you can spend $500 or less to get it looking great. But if you have to upgrade fixtures or carpeting, the cost of completely going through your home may run up to $8,000. When you begin to approach that upper figure, it's worthwhile to do a cost vs. benefit analysis to see how much added value your home will gain, and how much quicker it will sell once the work is done and the fixtures upgraded. If your home sits on the market for several months, those added mortgage payments may end up costing you more than a new built-in range or new carpet. So weigh each upgrade to see if it will help sell your home quicker, and for more money. Most of the time, it's not necessary to replace every appliance and carpet in your home to get a quick sale. Elbow grease can replace cash outlay in most cases, and will help transform your house into a home that a potential buyer won't be able to live without. (c) Copyright 2004, Jeanette J. Fisher. All rights reserved. Professor Jeanette Fisher, author of Doghouse to Dollhouse for Dollars, Joy to the Home, and other books teaches Real Estate Investing and Design Psychology. For more articles, tips, reports, newsletters, and sales flyer template, see http://www.doghousetodollhousefordollars.com/pages/5/index.htm
MORE RESOURCES: How to Negotiate a Real-Estate Deal, and Actually Get What You Want The Wall Street Journal Real Estate Transactions, Feb. 3 edition Hopkinton Independent L.A. city attorney alleges mega real estate firm Blueground engaged in price gouging Los Angeles Times News | Canadian real estate executives and other business leaders brace for potential trade war CoStar Group How Trump could transform D.C. real estate, from downtown to design The Washington Post Commercial real estate crawls back Financial Times Matthew Furlong, Senior Vice President, Real Estate Transaction Services New York City Economic Development Corporation Why Smart Investors Buy Bitcoin Not Real Estate Bitcoin Magazine Schroder Real Estate Investment Trust Limited (LON:SREI) is a favorite amongst institutional investors who own 52% Yahoo Finance real estate math Sacramento Appraisal Blog Great Elm Group Expands Real Estate Enterprise Launching Monomoy Construction Services GlobeNewswire Timberline Construction Promotes Jason Emord to Partner Boston Real Estate Times New Fairbanks air quality regulations lead to concerns from real estate agents, homeowners Webcenter Fairbanks Who Is Falling Victim to Real Estate Wire Fraud? MortgagePoint How Compass' new portal works for buyers, sellers and agents Real Estate News Real Estate Transactions | Jan. 21-24 The Republic-Times Real Estate Property Sales filed Jan. 20-26, 2025 Fauquier Times ULI Boston Announces First Cohort in Newly-Launched Center for Leadership - Boston Real Estate Times ULI Boston Announces First Cohort in Newly-Launched Center for Leadership Boston Real Estate Times Want to amend a buyer agreement? NAR lawyer explains how Real Estate News Catherine M. Watson Promoted to Partner at Boston’s Tarlow Breed Hart & Rodgers, P.C. Boston Real Estate Times How will climate change affect real estate markets in Wisconsin? Here's what one study found Milwaukee Journal Sentinel A major Bay Area real estate firm is leaning into private listings. Critics contend buyers and sellers will be hurt The Mercury News How the Climate Is Reshaping the U.S. Real Estate Market MortgagePoint Hamptons Real Estate Market Data – Week of 1/28/2025 Hamptons.com Meet HAL, Real Estate Agent of the Future The World Property Journal Real Estate Corner: Daring design in 2025 Conway Daily Sun Trump’s inner real-estate developer targets Gaza The Spectator World Bill Schunk’s success in real estate inspires the next generation Peekskill Herald Commercial real estate manager, broker thrives on helping bring business dreams to life SiouxFalls.Business The ZK Group moves to @properties Christie’s International Real Estate Chicago Agent magazine REAL ESTATE BRIEFS FEB. 1 Las Vegas Business Press Counselors of Real Estate Appoints Morris Ellison as Vice-Chair of Ethics Committee Womble Bond Dickinson Ahead of the Market: Why Prince William, Stafford, and Fredericksburg are Real Estate Hotspots PotomacLocal.com Fletcher provides PR help for real estate companies talkbusiness.net Napa: See how much real estate prices have changed last week The Santa Rosa Press Democrat NFP and Alliant end dispute over real estate practice hires Re-Insurance.com Blueprint: Investors sour on real estate, emerging managers to watch, the hotel comeback and more PERE Ohio Department of Commerce Emphasizes Caution Regarding Unsolicited Real Estate Offers Your News Now Mahoning County Real Estate Sales: $100K+, February 2025 businessjournaldaily.com First-Time Homeowners Are 3x More Likely to Be Victims of Real Estate Wire Fraud, CertifID Report Reveals Business Wire VCU Real Estate Foundation buys Broad Street Rite Aid WRIC ABC 8News Strafford County real estate: $1.9 million and $165,000 home sales tell story of 2025 Foster's Daily Democrat LOGIC Commercial Real Estate relocates to new office Northern Nevada Business Weekly Multifamily Investor Network Conference: High Return Real Estate, LLC Emphasizes Growth Opportunities | PR Underground Trustee sale date set for 2 Martin Selig office properties The Business Journals Taylor Swift’s Multi-Million-Dollar Real Estate Portfolio Finance Monthly Real estate transfers in Adams County from Jan. 20-24, 2025 Muddy River News Canadian Pension Plan Strikes 2 More Real Estate Deals Chief Investment Officer Space Exploration Boom Offers Real Estate Investment Opportunity IPE Reference Hub Real estate lagging on social class diversity as other industries step up drive for improvement CoStar Group Annual Alabama Economic and Real Estate Report 2024 Alabama Political Reporter Athletes highlight 2024 luxury home sales Las Vegas Review-Journal Simon Property: Solid Real Estate Growth Amid Macroeconomic Uncertainty Warrants Hold Rating TipRanks Lebanon County real estate transfers, sponsored by Reliable Moving and Storage (Jan. 16 to Jan. 31) LebTown The fountain of youth is here in Electric City University at Buffalo The Spectrum Optimism in abundance at 10th annual Detroit Commercial Real Estate Forecast and Awards Gala REjournals.com Another Day, Another Taylor Swift Real Estate Rumor (And This Time Nashville's Not Involved) CinemaBlend |
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