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W817 Harmony Lane
East Troy, WI 53120
Phone: 414-881-5624
info@firmfootings.com
What are the two most important rooms to a buyer? Number 1 is the kitchen and number 2 is the bathrooms(s). This is why it's important to have both of these rooms in top condition. Make sure your stove, refrigerator, dishwasher, and garbage disposal are in good working order. Replace the floor and the tile on the walls - or at least make sure they look new. If your cabinets are in bad shape, get them fixed. Replacing them may or may not be cost effective. (See the answer to the next question.)
For the bathroom: replace the shower curtain, clean the tile around the tub (grout if necessary), make sure there are no odors. Keep clean towels hanging.
Should you remodel? For the most part, major remodeling will not be cost effective. In other words, you will probably not make back all of the money you put into it. The exception may be kitchen remodeling (in the $3,000 to $8,000 range). Here you may actually, see a 'profit' for your efforts.
The next closest would be a bath addition ($10,000 to $12,000) and major kitchen remodeling ($1over 6,000 to $20,000). Studies have shown that these two may not have a pay back of 100%, but they could be close. Of course, the more you spend, the least likely you'll be to make it up in price. This is especially true if these additional costs put your home way above the average price in your area. However, if selling your home fast is very important, any remodeling will help. Home buyers would rather see the home improvements than be told how much potential the home has.
Other remodeling efforts that will probably not bring you a return on your investment: bath remodeling, family room addition, master bedroom suite, attic bedroom, a new deck, replacing your windows, replacing your siding, and adding a sun room. If you want to do these things, make sure you're going to be in your home long enough to enjoy them. Otherwise, leave them for the next owner.
