Given the current economic climate and slowed-down home sales, many homeowners who are thinking about selling their home are also considering improving it to raise its value and to appeal to more potential buyers. Recent surveys done by the National Association of Realtors, RIS Media, Natural Handyman, consumer groups, builders and contractors, and even paint companies have resulted in the identification and analysis of popular trends for 2010. Such publications cover topics raging from resale returns on specific projects (both interior and exterior), grades of quality of improvements, preferred floor plans, and energy efficiency.
Big Or Small
Improvements to your Mobile Eastern Shore] real estate can be as simple as changing your landscape to include a vegetable garden and more perennials to replacing current appliances with energy efficient ones. The addition of crown moldings, special ceiling finishes, hardwood floors, and fresh coats of paint (earth colors are still popular) are other relatively easy but important projects.
More ambitious undertakings which will improve your Mobile Eastern Shore real estate include the replacement of your heating/cooling system, windows (and qualify for a tax credit!), and external doors with those which are guaranteed to benefit the environment and lower utility bills. Other large-scale improvements encompass adding vinyl siding and a new roof, the addition of a deck, garage, or fireplace, the updating of your kitchen and bathrooms, and the conversion of an attic/basement space to an extra bedroom.
To get a general idea of your potential monetary return on these and other projects, visit Natural Handyman and/or Remodeling. Bankrate.com recommends the following projects as the best improvements you can make for your money:
- Upscale siding replacement –83% return
- Moderate bathroom remodel —61% return
- Minor kitchen remodel–78% return
- Mid-range siding replacement–79 %return
- Attic bedroom –83% return. (Percentages courtesy of Remodeling Magazine.)
Before beginning any improvement to your Mobile Eastern Shore real estate, talk with your realtor, building supply store managers, handymen, and/or contractors to examine national and regional trends, potential buyer desires, and costs of each project you’re considering. A cautionary caveat, ask any home worker for references, proof of licenses and insurance, and a written contract specifying exact details of the job, price, and an agreed-upon completion date.