Everybody know that Kitchens and Bathrooms make the biggest impact on a home’s value, right? Well, I agree with that, to an extent. But here is a list of 6 other things to consider before overhauling kitchens and bathrooms. I’m an investor, and I buy foreclosures. My brother and I have looked at thousands of homes, and we’ve bid on hundreds of homes. I know the properties that other investors pick up, and I’ve seen what they do to make money. In our business, selling quickly is the key. Here are some of the keys we’ve seen most all investment properties have in common.
- New Paint. When you walk into a home, clean, fresh paint makes a huge first impression. If you paint yourself, it’s not all that expensive. However, if you’re an amateur, like most of us are, it is really easy to completely ruin a home with a bad paint job. Hire a professional to do it for you. It will make a difference.
- New Carpet. Just like paint, the smell of newly laid carpet is priceless. Also, you are assured that there are no pet messes, no bacteria, etc. Carpet is an excellent investment.
- Landscaping. Curb appeal is vital in a home. Buyers will subconsciously start making decisions about a home before the front door is even open. Mow the lawn, green up the grass, clear the flowerbeds of weeds and rubbish. For very little money, curb appeal can raise the value.
- Cleanliness. This goes naturally with new paint and carpet. But if paint and carpet are OK, then cleanliness goes a long way!
- Appliances. Rather than putting a whole new kitchen in, you’ll be surprised at what a nice new range, microwave, dishwasher, and fridge can do. Again, they’re worth the bang for the buck.
- Countertops. If you’ve got old, chipped formica, get a bid for what new granite tops might cost. New countertops can make a kitchen look new!
