Monday, September 17, 2007

Remodeling or home staging?

Thinking of remodeling the kitchen before you put your house on the market? My advice would be to renovate for your own enjoyment----don't expect to get the value of your renovation out of the sale....especially in this market!
Real Simple magazine says that the average price to renovate a kitchen in the US is about $43,860.
Today, granite counter tops and tile floors are becoming the standard. Builders are including them in new properties being built every day. You may not see a higher return for all the costs and hard work. Although you will recoup about 90% of your remodeling based on national averages, be sure to consult a Realtor if you think about renovating to only sell your home. Every area and every market varies, and other smaller steps may be effective.
I've seen a seller put in new carpet, and the new buyers rip it out the first day they move in and put in new tile floors. Renovation is not your only option. Realize that you can lower the cost, or consider a reduction during the negotiations with an interested potential buyer.
One inexpensive way to improve your house is to consider home staging options. Find a Realtor who knows about home staging and hire them to sell your home. I have helped some of my clients in the past. If you are interested in staging your home for selling, call me.