Your electric stove is caked deep with Bolognese residue and your wooden backsplash is little too 70’s even for your own, uh, peculiar preferences. The bathroom tile is cracked here and there and there rust in the tub. But what views you have of the city!
OK, so your situation may not be quite that bad, but when it comes to selling your mess, there are somethings you could and should do to fix it up which will make a sale easier without over investing. According to a Remodeling survey done in association with NAR (National Association of Realtors) that looked at remodeling costs vs resale value, there was on average only a 60% return to the work people did. So why plunk down $50,000 when your sale price will only increase $30,000?
RIS, a real estate media company points out that instead of redoing everything, it may behoove you to do a few smaller more superficial things to liven up the place without spending good money on the unknown tastes of potential buyers. So using the unfortunate example above, one might recommend:
– Regrout the bathroom tile and fix broken tile
– Reglaze the tub and get rid of the nasty rust stain
– Deep clean your stove, and if it can’t look nice, replace it with a low-end but clean unit.
– The wooden backsplash? If you can remove it, fine. DON’T go purchase something new though, the prospective buyers could want a myriad of things.
For more tips, check out the RIS article here.
This Braswellian Life 
Posted on January 25, 2011
0