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What items are best ROI when selling a home?

2,960 Views | 22 Replies | Last: 3 mo ago by WestGalvestonAggie
Cromagnum
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Gonna be selling over next month so where do you get the most bang for your buck on fixes & cosmetic upgrades?

Already replacing the roof due to Hurricane Beryl so that will be brand new. Also got a deal on Delta for all new bathroom hardware to replace all our old stuff so that will also be brand new. Also swapping aluminum showed frame for all glass.

Is it worth putting in a new fence? Ours is standing but old looking.

Hardwood floors throughout house but carpet in bedrooms. Replace carpet or leave alone?

Tons of things hung on wall. Patch all the holes and repaint, or just touch up and leave it be?

What else?
dallasiteinsa02
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Can you post pictures of the house? There isn't much that gets a dollar for dollar return on your investment.
AgResearch
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Negotiate RE commission. Most available ROI.

Hell no to the fence. That's pissing money down a hole.

If paint is already a neutral color just touch up. If you've painted some funky colors or single walls in rooms a different color then repaint for faster sell.

Anything else that you do other than repairs that would show up on an inspection are a waste of money.
jja79
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Not a Realtor and this probably won't be a popular opinion. Commission is a line item on the seller net sheet. Eliminating or reducing it is only beneficial if the property is priced right. A good Realtor with a reasonable commission structure can make you money. I've been involved in a few thousand residential transactions and a FSBO is the most likely (in my experience) to be priced wrong. Too high and commission doesn't matter because the property won't sell. Too low and money is left on the table. I feel confident saying most of the time I've seen appraisals come in over the sales price is FSBO. Not saying it can't work out well but it's not a guarantee just because you eliminate that one line item on the net sheet.
SteveBott
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Traditional advice is bathrooms, kitchen and some say outdoor patio space. But all big projects so not much time for any of those. So price right and be prepared to accept market value.
JBLHAG03
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Landscaping/curb appeal. Fresh mulch, flowers, etc
Matsui
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Where water is so bathrooms and kitchens
And landscape
Sea Speed
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One of the cheapest changes I made in a home that had an outsized impact on the feel of the house was all of the door hardware. We changed from 1990s gold to modern black or oil rubbed bronze, can't recall. It made the house feel really new.

Most people are wholly incapable of picturing a house anything other than it is the minute they see it, so paint is a massive one, especially if there are funky colors as mentioned before.

Hold old is the carpet and what style is it?
jopatura
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Paint & possibly a carpet credit. I wouldn't do the fence.
Diggity
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I would agree with everything but the credit.

In my experience, those things just aren't effective. Buyers mentally discount the home because they don't like the aging [floors, paint, appliances, etc.] then also mentally pocket the credit. You basically pay them twice for the update.

If the flooring is in bad shape, it's best just to bite the bullet and do the update (within reason). Next best thing is to account for it when pricing/negotiating.
NoahAg
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Not as experienced as a lot of people here, but having the house as clean as possible. Little things like outlet and light switch plates. Replacing any broken ones, and having them all match.
Heineken-Ashi
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How old are water heater and AC?
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
NoahAg
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A new AC might be a bonus for somebody looking, but I would not replace it if it's working. Maybe get it serviced so that you can stay it's been recently inspected. Negotiate paying for a one year home warranty.
warreng
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It is hard to say exactly without seeing pictures but by far the most important thing is making your home look the absolute best it can. I showed two homes yesterday right across the street from each other. Almost identical price, square footage, finishes etc. The only difference was was was super clean, no clutter, everything in place. The other house looked "lived in". Lots of items on the countertops, kids rooms had clothes on the floor, too much stuff in the house, not dirty but not spotless. The client is seriously considering one and only spent about 3 minutes in the other. I don't think it had anything to do with the house itself just how it was presented. Sure, its a huge pain to keep your house looking like a model home every single day just in case someone wants to take a look but ask yourself how much is it worth to you. I honestly think this makes a bigger difference than new paint/carpet and things like that in allot of situations. Also, and I cannot stress this enough, get rid of the clutter. Throw it all in storage or worse case the garage but just getting rid of all that little stuff can make a huge difference.
Pinochet
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If the fence is just old, power wash it to make it look better. Or have the neighbor kid power wash it for $100.
Red Pear Luke (BCS)
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Sponsor
AG
JBLHAG03 said:

Landscaping/curb appeal. Fresh mulch, flowers, etc


The biggest thing I can add to this thread….

You want someone to drive up to your house and first impression look at it and say "yeah, that looks like an $XYZ priced house based on appearance alone". Most folks are already 75% of the way there before they even step foot inside the house. They've seen the photos and want to view it in person. So curb appeal will go a long way
matureag
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Any smoking in the house? I'm getting in a situation helping a relative sell his nice home in a great area that smells and looks like an ashtray. And don't know how you put lipstick on that pig.
Geno
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Have the fence washed. I'd avoid just pressure washing an old fence.... the pressure it takes to clean off old growth can blow the fibers apart on old wood.

Is it in Houston? I have a sub if you want
Cromagnum
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Sorry, been traveling and just got back.

No smoke in house ever.

All paint is neutral tan tones, but will have nail holes in walls from hung items. Leave nails in? Remove but leave holes? Patch and paint? Full paint?

House is 90% hardwood floor that's in good shape. Bedrooms and closets are only places with carpet.

Fence is still standing but leaning. Gate is busted but could be fixed. Fence wood looks old. Front door also looks faded, but just going to restain it.

All bathroom hardware will be new as there was a good Delta sale.

ACs are original, 12 years old but in good working order.

Dual 50 gallon hot water heaters are 1 year old and 3 years old.
DannyDuberstein
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- clean out flowerbeds and mulch
- get the house deep cleaned
- replace ruined carpet
- paint ugly walls neutral, patch/touch up holes and blemishes on walls
- replace/touch-up rotted outside trim and fascia


- if the leaning fence could be rehabbed by replacing a post or two, do that and fix the busted gate. If not, don't worry about it. You absolutely will NOT get your money out of replacing a fence
- if ACs work, do nothing
ktownag08
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Buy a carpet rake to make your carpet look brand new. I swear by it. It'll get rid of furniture divots and effectively restore crushed/flattened spots in high-traffic areas.

Vacuum first and then use the rake.

http://amazon.com/Grandi-Groom-AB24-18-Inch-54-Inch/dp/B009A35AUI/ref=mp_s_a_1_18?crid=H4N1NP7U2KHM&dib=eyJ2IjoiMSJ9.y1xFh1pTISFJ9oB-IqAIAwaQOkZ3et8lKzVajWXgU41ixh5Kl_
East Dallas Ag
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#1 ROI is thorough cleaning, decluttering, de-personalizing, and staging as unless you hire it out, costs virtually nothing other than time. Many of us (guilty here) become blind to the clutter in our homes that we overlook as it just becomes the norm, but stands out immediately to buyers. Pare down, most people have extra furniture that should be removed for showings, don't be afraid to leave empty space, have counter tops, desks, tables completely clear or as close to it as possible. Anyone can stage their own home, just google it, it's not rocket surgery, if not you can hire a stager for a consultation appointment for like $200 or a decent realtor will usually handle that.

#2 ROI is curb appeal. It could be argued it's #1 as in a market where inventory is increasing, buyers will absolutely pull up and then not even go inside if the outside does not look appealing, then it doesn't matter what you've done inside. As previously mentioned have the yard in good shape (run sprinklers more frequently to really green up yard, may not be needed in Houston), fresh mulch, flowers in the beds or in potted plants. Shrubs/trees manicured. if there's peeling paint or rotted siding, address it. You mentioned re-staining the front door, definitely do that.

From there it becomes more house specific, based upon what you've said I would prioritize:

1. the fence, not a full replace but either you or you hire out someone to rehab it. reset any poles that may be causing the leaning and re-stain, whether that means power washing or not. Get the gate fixed. A dilapidated fence can give the impression that the whole home is dilapidated or not well maintained, plus it may be one of the last areas a buyer sees, leaving a poor last impression. I doubt this would cost more than ~ $2-3k if you have to hire out, all depending on how big the fence of course, but to a buyer it might look like a $15k problem.

2. I've personally sold 2 houses with w2w hardwood floors and both times we had the floors polished before pictures and listing, I think it makes a big impact for relatively little $ and really highlights a feature of the home and makes it feel more move-in ready. Likewise carpet cleaning is pretty cheap as well, might be worth having them cleaned, unless they are really rough and incapable of getting most stains out from cleaning, no need to replace.

3. you say you have a ton of things on the walls which means you likely need to pare down a lot there, especially any family pictures. too many touch ups can make a wall look worse than no touching up, you might need to plan to repaint an entire wall or room. DIY painting has very high ROI, if you have to hire it out, not so much unless you are in more of a buyers market. Might rely on a realtor or objective 3rd party opinion there.

All of those items really shouldn't cost more than $2-5k depending on how much you DIY, but I would bet return $10-20k in the final sales price if they are left undone, perhaps more if not doing them causes the house to sit on the market longer than it would otherwise.
WestGalvestonAggie
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You want to negotiate the highest commission possible for your realtor. Really overpay them so you can be assured of the highest quality service. And don't forget to tip after the sale! It's not required, of course, but if you're satisfied with the job they did for you it should obviously be rewarded.

Good luck with the sale of your home!
"I always thought Roy Acuff was probably an *******. I’m a Hank Williams fan."

-Steve Earle
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