All home sellers are concerned with justifying spending money on home improvements when they are just about to move. Some of my clients need a lot of convincing that you need to invest money to make money when it comes to maximising the return on your largest investment. So it is always a bonus when you can quantify the return on your home improvement investment.
I certainly measure all the results I get with my clients using “as is” appraisals before any renovation and home staging improvement begin. Then after the house is sold I compare the gain that has been made – usually in the tens of thousands!
I recently came across a survey that had been done by HomeGain.com that measures the average cost of a range of home improvements done pre-sale, the average increase in sales and finally the average return on investment for that particular home improvement. The survey demonstrates that you don’t need to spend a large sum of money on improvements to get some really great returns.
HomeGain 2009 Top 11 DIY Home Improvements For Sellers (National)
| Improvement | Typical Cost | Increase in Sales | Average Return |
| Lighten and Brighten | $200 – $300 | $1000 – $1500 | 572% |
| Clean and De-Clutter | $100 – $200 | $1,505 – $1,937 | 872% |
| Landscape Front/Back Yards | $300 – $400 | $1,500- $2,000 | 473% |
| Repair Plumbing | $300 – $400 | $1000 – $1500 | 327% |
| Update Electrical | $300-$400 | $1000 – $1500 | 309% |
| Repair Damaged Flooring | $500 – $750 | $1500 – $2000 | 250% |
| Update Kitchen | $1000 -$1500 | $2000 – $3000 | 237% |
| Update Bathroom | $750 – $1000 | $1000 – $1500 | 172% |
| Replace or Shampoo Carpets | $400 – $500 | $1000 – $1500 | 295% |
| Paint Exterior Walls | $750 – $1000 | $1500 – $2000 | 201% |
| Paint Interior Walls | $500 – $750 | $1500 – $2000 | 250% |
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Well I must agree whole heartedly with the above articule but previously as an ex-agent I had the opionin buyers can see ” past this or that” but after reading and seeing the fantastic work of these two wonder workers I can see I was previously totally incorrect, I am at starting to do a semi major reno and with input from the girls hope to achieve the same sucess