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Tips From The Pros

The Nuts & Bolts of a Market Ready Home
Saturday, September 30, 2017

Before you go for the glamour of remodeling your kitchen or bathroom to increase your home’s value for resale, you may find that your money can be better invested in other ways.  While most real estate agents will tell you that an updated kitchen or bathroom can drastically increase your home’s selling price, those aren’t always the key things a buyer looks for first.

 

Homebuyers love the appeal of an up to date kitchen or bathroom with all the new luxuries, but there are a couple of other elements that are very important.  Specifically, the roof, the furnace, and the basement are core factors that homebuyers want to know are in prime condition before their purchase.

 

 Once materials and labor are factored in, roof replacement can be a homeowner’s greatest expense.  Ranging from $4,500 - $10,000 on average, a savvy homebuyer is going to factor that in to the value of the home.  If you have a state of the art kitchen, but a roof that is 30 years old, has been re-shingled twice and is leaking, they may offer a drastically lower price or just walk away all together.

 

Another less superficial investment in your home that can make or break the sale is the HVAC system.  An average furnace replacement can cost at least $5,000.  No one buys a home expecting for the heat and air to not function properly.  It’s a luxury our culture has grown so accustomed to; homebuyers expect that it will be in good, workable condition.  The last thing someone wants is to purchase a home and have to pay for a furnace replacement within the first few years.

 

The basement can also be an influential factor in the purchase of a home.  If there is a damp/musty odor or indication of leaks in the basement, it can definitely hurt the potential of your home’s resale.  Investing the time and money to make sure that the foundation is sealed properly, the sump pump is working properly and has a battery backup, etc.  will help the sale of your home.  One of the most frequent insurance claims for homeowners stems from water damage in the basement.  You may even consider a complete basement renovation.

 

At Midwest Property Pros, we can help you plan your kitchen remodel, basement renovation, or roof replacement.  Whatever you need to improve your home, we’re happy to help you game plan.  Contact us today at 513-488-1000 for a free consultation!

 

 




 

 

 

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