Getting Your Money From a Quick Remodeling

By: Allison Millar, Contributing Writer
In: Necessary home improvements
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If your financial or work situation is forcing you to sell your home quickly, don’t make the mistake of giving away the farm. There are many ways to spruce up a home quickly to gain maximum profit on your housing investment.

Prioritize Your Remodeling

If you can’t do it all, then pick the remodeling you can do best. Obviously the kitchen and bathroom remain the top selling remodel projects in the home. Think paint, new hardware, and window treatments. Also focus on three key visibility areas such as:

  1. The foyer. Pick a new light fixture, like this one from Sea Gull Lighting or an oriental rug can set the stage. (The bonus is–the rug is yours to take to the next house!)
  2. The yard. Have a landscaping contractor do a once over on the edging, trimming, and reseeding.
  3. General maintenance. Fix any chipped paint, broken stair railing, or cracked window pane.

Quick Kitchen Remodeling

In the kitchen, look for high impact remodeling with a quick payback such as painting, cabinet refacing, and new hardware. Decluttering also helps make a great first impression. (Yes, there is a countertop under all that stuff!). Here’s more from the Wall Street Journal on kitchen remodeling that pays off.

Remodeling With an Eye on Investment Return

While you can’t ask the contractor what kind of return he’s offering on your investment, you can gauge by following your local housing market. Talk with realtors about what remodeling projects return the bigges portion of your housing investment–do you need to replace the bathroom tile or can you decorate around it? Check out Real Estate.com for more.

With each remodeling project, get solid estimates and find out how much it can help you sell. You might not get all your money back, but if the house sells quickly, you’re a few steps ahead.

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