It’s no shock that selling your home tops the list of stressful life events- right below loss of a job and learning you have a chronic illness. Wishing for a quick sale at asking price- we all secretly prey for buyers to love our home and start a a bidding war over who gets to pay the most for our home. Unfortunately, home sales fluctuate between buyers and sellers markets.
Good news! Homeowners have options to influence the sale and improve the return on their investment (ROI). Brush with Color regularly works with real estate professionals to improve homeowner’s ROI through proven and affordable home improvements.
The average ROI on premarket renovations is only .74 cents on the dollar
Analysis of home sales indicates that certain renovations offer sellers the best return on investment. Repairs, upgrades or renovations that keep your existing structure sound do well. Whether it be a new roof, HVAC system, flooring or repairing a crumbling chimney, needed repairs go a long way to getting buyers to pay asking price and compete for your home while household gadgets, appliances, additions offer lower ROI and are often complete loses. Wise homeowners understand:
How much to invest on renovations prior to sale
What to spend money on
What not to spend their money on.
According to Remodeling Magazine the average ROI on home improvement prior to sale is approximately .74 cents on the dollar. Basically, on average you are loosing 26% on every renovation you do. Roofs, siding, kitchen upgrades reach into the high 90’s. These ROI figures may not account for less measurable factors such as days on market, level of necessity, housing environment and controlled variables; but, as a general rule: repairing major systems is a good investment and most everything else will likely loose you money.
What About Painting?
According to Onstage, a professional home staging company, interior painting’s ROI is estimated at $1.07 return per $1.00 spent. Exterior painting’s yield is low at .55 cents on the dollar. People seem to expect the exterior of a home to be kept in good shape as part of the deal.
Quality interior painting communicates more than just color. Professionally repaired & painted walls, trim and doors are tantamount to interior curb appeal. If your house is does not pull the buyer in they will never be in a hurry to pay full price.
Beautiful interiors create a look and feeling of warmth and comfort. They tell prospective buyers that you have cared for your home. Clean and modern colors brighten up your home and leave buyers feeling positive about the home. Interiors impact us in ways we do not always consciously realize.
Having your home at “move in” condition is a huge selling advantage, especially to buyers needing to quickly relocate or who only want to repaint a room or two further on down the road.
Modern and classic color schemes impact the appearance and era of your home and influence the types of potential buyers looking at your property.
quality paint job demonstrates that you have taken pride of ownership in your home and the property has been well-cared for during your residence.
We specialize in resurfacing kitchens and cabinetry for a fraction of the replacement cost.
A professional painter can highlight the long forgotten architectural features and craftsmanship in your home.
We are able to brighten up any room with color, make small spaces feel larger and as easily transform large areas into more intimate family friendly spaces.
Using neutrals and lighter hues our craftsman can create a “blank canvas” waiting for the next owner to paint their vision on.
Newly painted interiors do not show up on home inspections! Moreover, professional wall prep and fresh paint flawlessly cover past repairs such as leaks, damaged areas and renovations.
We can consult with you and your realtor to choose colors that will accentuate the homes strengths and minimize flaws such as small rooms, worn areas or recent repairs.
It is not necessary or always practical to repaint your entire interior. Brush With Color regularly works with realtors to cost effectively prepare homes for resale Contact us for a Free Estimate and Consultation (603) 770-5072 or at james@hommiellc.com. We offer a wide variety of services from simple and fast cover-up work to freshen up a basement, garage or playroom to touch up work that addresses the well-worn areas of your home.
You can learn more about our specific services through our website.
Our goal is to help you reach as many potential buyers really interested in your home. Having multiple buyers is the best place for a seller to sit.
