9 responses

  1. Yakezie
    October 6, 2010

    Best way is not to sell it now, but to sell it during the bull market!

    Reply

    • Kevin
      October 6, 2010

      That would be a good time. If you can last that long paying your mortgage.

      Reply

  2. Freddie @ Real Estate Investing
    October 8, 2010

    Traditionally, the things to do to increase the value of your home has been to remodel the kitchens and bathrooms. However, in this type of market before I went and dumped that kind of money into my house, I would check the comparables in the neighborhood to find out if a real value increase is even feasible.

    Speaking as a former appraiser, just cause you spend money on improvements doesn’t mean they will translate into higher sales or appraisal values. This is just the unfortunate truth.

    I like the suggestions that you make here because most are not big ticket items and are focused on pleasing the eye and the intrinsic value that a potential purchaser might have for the property…you know curb appeal, good lighting which makes everything look better.

    Nice tips, just be sure to warn your readers that if their neighborhood is in a downward value spiral, there isn’t much they can do but wait it out until the market turns again.

    Reply

    • Kevin
      October 8, 2010

      That is a good point. If you lost a significant amount of value I would wait a bit for that to start going up.

      Reply

      • Freddie @ Real Estate Investing
        October 11, 2010

        You know waiting is just a product of if you can hold on to it. There are many people out there that are selling cause they are in trouble, not cause they feel like moving up in a down market.

        Reply

  3. Maggie@SquarePennies
    June 4, 2011

    Good ideas, and good advice to see how your house compares to the neighborhood. Personally I’d rather have no carport than have one, but I guess it depends on what is expected where you live. Painting the interior of the house is good if you paint the walls fairly neutral colors. Good advice to find out what is trending for exterior colors and landscaping!

    Reply

  4. Money Beagle
    April 18, 2014

    In just about all of these, you want to make sure as you take these things on that you approach these with moderation in terms of cost. Rarely does it make sense to get the most expensive option or to go overboard as the extra spending will not translate to an equal increase in the value of your home. A light remodeling of most kitchens is cost efficient and will do a lot for the value and attraction of your home, whereas a full ‘down to the studs’ remodel will cost a lot more, and you’ll usually end up getting less of a percentage back.

    Reply

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