Home Staging Tip #4: Flooring in your home or condo

Smart home-sellers understand that, when it comes time to sell their house or condo, getting it into ‘Show-Home” condition is an important step towards getting top dollar and selling quickly. Buyers traditionally spend about 15 minutes in the home before moving on to the next one. As a home seller, you want to make sure that your home appears to be as problem-free as possible, so that the buyers come back for that all-important ‘Second Look”.

Flooring is an important consideration when showing your house or condo. Here are a few highlights of the attached video

Carpeting

Is your carpeting worn and out-dated, or just a little dirty? Will a deep cleaning shampoo provide the results, or do you need to replace torn and worn areas.

Vinyl

Is your vinyl flooring modern, or dates the home back to the 70’s (or beyond). good quality vinyl can be installed for a reasonably low cost.

Hardwood Flooring

Are there hardwoods under the carpets, and would it make sense to expose them, and perhaps refinish them?

Watch the video on Home Staging Tip #4: Flooring

Modern Home Exteriors Turn a Corner With Mixed Materials (14 photos)

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The norm with single-family houses is that the material on one elevation “turns the corner” to another. Think of wood siding or brick or even glass; if it’s on the front, most likely it’s also on the side. Variations occur, such as in urban settings when more money is spent on the front elevation and…

Home Staging Quick-Tip #3: Depersonalizing your home before selling

blog.winnipeghomefinder.comOctober 21, 2012 9:19:09 AM CDT

Home Improvements,Latest Posts

Real estate

Home Improvements,Latest Posts home staging, market, mls, Real estate, selling Home Staging Tip: Depersonalize your home before putting it up for sale . In part 3 of the series on Home Staging by Remax, we take a look at the need to depersonalize the home. Since the owner has likely lived in the home for […]

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About the Publisher

Bo Kauffmann is a residential real estate agent with over 18 yrs experience in helping buyers and sellers achieve their goals. Inducted into the REMAX Hall of Fame in 2010 and receiving the REMAX Lifetime Achievement Award in 2019, Bo has sold over 500 houses and condos in the Greater Winnipeg market. He is an accredited buyer representative (A.B.R.) and a Luxury Home Marketing Specialist. Bo provides exceptional service to First-Time Home-Buyers, Seniors looking to downsize and Home Sellers of all ages. He can be reached easily By E-Mail or call/text him Call/Text Here

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Which home improvements give the best return on investment?

Home Owners often ask: ‘Which home renovations increase the value of my house, and assure that I get ‘top-dollar’ when selling?’ While there is no hard-and-fast rule, here is a sobering statistic from the Appraisal Institute of Canada:

The Appraisal Institute of Canada compared typical costs for renovations versus the impact on a home’s selling price to come up with a “payback range” for common projects.

Bathroom reno: 75% to 100%
Kitchen reno: 75% to 100%
Installing a deck: 25% to 75%
Exterior siding: 50% to 75%
Flooring upgrade: 50% to 75%
Basement reno: 50% to 75%

Why do I say “sobering”? If you look closely, you will see that none of the estimates exceed 100%. In other words, they are suggesting that if you spend $5,000 on siding, your home’s value would only increase by between $2,500 and $3750 (50% to 75%). On the surface, it would not seem a worthwhile investment to improve your home for the purpose of increasing it’s resale value. So does it make sense to improve before selling? Maybe…. depending on your answers to two major questions!

Those two major questions are 1) What is the current condition of the item which you are thinking of improving, and 2) Can you do some of the labor yourself, thereby saving money. Lets take a look at what I mean:

1) Current Condition

On this topic my advice is “If it ain’t broke, don’t fix it.” Lets use the example of a furnace. If your home has a 10 yrs old, mid-efficient furnace, it should be working fine. Replacing THAT with a brand new, $3500 H.E. unit will in most cases, not increase the value of the house by an equal or greater amount.

On the other hand, if your furnace hums and howls and is the size of a sub-compact car, buyers might be turned off from making an offer. Installing a new, energy efficient unit would probably we a worthwhile home renovations project. Much the same applies for most other home renovations projects: Is the current item in good condition, or will it detract from the home? Is the kitchen falling apart, or merely ‘dated’ in appearance. Are carpets just a little worn, or can you see the sub-floor and notice every spot where “whiskers blew chunks”?

2) Home Renovations D.I.Y.

I am going to assume that the Appraisal Institute used, for its calculations, prices that included professional labor. So the question is: how much (if anything) can you do yourself. If you’re fairly handy, painting the interior of your home is probably one of the best home renovations projects you can tackle. Another high-value/low-cost improvement is modernizing the lights. Go with bright, modern lighting, such as halogen, and keep the twisty florescent bulbs for your next home. They might save money in electricity, but their slow start-up and dim lighting don’t help sell a house. In any case, completing home renovations by yourself will drastically improve the return-on-investment numbers, provided the renos are done well. Buyers and their agents can spot poorly done D.I.Y. home renovations, and the result is lower offers and a slower selling home.

So, keeping the above rules in mind, Home Renovations done right can and will improve your sales price.

Selling your house or condo? 8 truths home stagers know

feedproxy.google.comAugust 20, 2012 7:54:55 AM CDT

Wall Art for Traditional Living Rooms Can Fit or Break the Mold (10 photos)

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From beautiful oils to light-reflecting mirrors and everything in between, art is often what immediately draws the eye the element that makes an impact at first glance. Even in a traditional and more formal living room, thinking outside the box and buying what you’re drawn to is crucial when choosing…