RISMEDIA, Friday, April 27, 2012— Cleaning and decluttering will garner sellers a 403 percent return on their investment when they sell their homes this spring, compared to a 293 percent return for electrical and plumbing upgrades and 196 percent for staging.
The results from HomeGain’s annual 2012 DIY Home Improvements for Sellers spiked a few myths about what improvements pay off in marketing homes today. Nearly 500 real estate agents nationwide participated in the survey to determine the top 10 low cost, do-it-yourself home improvements for people getting their home ready to sell.
Cleaning and de-cluttering continues to rank as the top suggested home improvement (since the survey was originally conducted in 2003). This low cost home improvement is recommended by 99 percent of real estate professionals. The average recommended cost is $402 with a returning value of just over $2,000 to the home’s sale price, or a 403 percent return.
In past surveys, home staging and lightening and brightening were battling it out for the number two spot on the top 10 list. In the 2011 survey, lightening and brightening reclaimed the number two position and held on to it in 2012. Home staging, however, fell to the number five position this year behind landscaping the yard and repairing electrical and/or plumbing.
The three least remunerative improvements were painting the interior (107 percent ROI), improving kitchens and bathrooms (66 percent ROI) and painting the exterior (55 percent ROI).
For more information, visit www.realestateeconomywatch.com.
Impress your potential buyers, they say! I guess it is one good thing to do, to truly show how sincere you are in selling your house. Cleaning will give your would-be buyers the idea that you are assuring them of living a happier life in that house because it’s well maintained. It’s just like how food is prepared, right?
Posted by: Roslyn Karlson | June 26, 2012 at 03:49 PM
Cleaning of house shows that someone is living happily, because it well maintained,decorated.Drain Cleaning Edmonton
Posted by: Drain Cleaning Edmonton | June 29, 2012 at 07:14 AM
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Posted by: Account Deleted | July 14, 2012 at 08:47 AM
Yes, that's true. Sellers get more cash from cleaning their houses. Mortgage brokers usually refer these houses twice as more compared to an old and dusty house. It's because these clean houses are easier to sell, and it's easier to build the reputation of the house to their clients, because of the fact that it is clean and pleasant. That's why it is best to talk to a broker when you're looking for a house, because you can be sure that the house is worthy of your budget.
Posted by: Carmen Monrovia | October 02, 2012 at 01:10 PM