This sponsored column is written by Ty Voyles, a licensed Realtor© in the District of Columbia and principal of Fulcrum Properties Group, a team of real estate agents located on Capitol Hill that serves Washington, D.C., Maryland and Virginia. Complete our Buyer Questionnaire or Sellers Questionnaire today, and we can help you find your dream home tomorrow!
If you are a homeowner who is expecting a tax return, you’re likely thinking about ways to put it back into your house. But what projects will get you the biggest return on your investment when you are preparing to sell your home?
We recommend starting small. Often times, the “touch up” items on your list are the ones that can make the biggest impact for the smallest cost. For example, replacing your entry door will instantly transform the way you and others feel welcomed into your home.
Similarly, a fresh coat of paint and taking the time — or hiring someone — to patch up any damaged drywall will help your home shine. Consider refinishing the hardwood floors to give them a fresh shine, just like your walls. But, keep in mind that you will need to move furniture to have this done, so timing is everything.
Your front and back yards are also areas that can be easily spruced up for a small amount, and the end result can highlight the amount of extra living space your home has outdoors. Take care to not over do it with the landscaping; mulching around a few well-placed plants will go a long way.
As for kitchen and bathroom remodels, these often return less than 80% of what you spend, on average. As I mentioned in a previous article, many potential buyers will see these areas as ones they plan to renovate to their own tastes once they move in, so they will not be as interested in paying a premium for the upgrades.
If you are thinking of selling and want to make sure you are picking the best projects for your money, schedule an appointment with your realtor. Because realtors are regularly working with buyers, they will have the best sense of what is selling in the current market, and what is not.
We also invite you to attend our Renovation Extravaganza on April 23 at the Hill Center, located at 921 Pennsylvania Ave. SE. We will be joined by local renovation experts who are ready to answer your questions about interior design, landscaping, and general contracting. The event is free and open to the public. Please RVSP at fulcrumpgevents.com.
The views and opinions expressed in the column are those of the author and do not necessarily reflect the views of Hill Now.