Fixing things up in a down market.
It’s simple common sense. Fix up your home and you’ll make it sell faster. But, you may be asking, where should I invest the money. In this economy, with money tight and buyers savvy, you want to be sure to get the most bang for your buck.
So go for things that create emotional appeal. Things that make a buyer fall in love. Take kitchen appliances, for example. If the fridge is white, the stove is stainless and the dishwasher is old, you want to rethink them. All one color makes a pretty, strong statement. And that’s a smart place to start.
Yes, this is serious investment spending. But it will likely generate a 50% to 500% return…depending on the paint job, your home, and local real estate market. Given that return, it’s smart to hire a pro for the type of paint job that will color your outcome.
So start by repairing those dings in your walls. Caulk gaps in the trim before you start painting. Choose neutral colors that appeal to more buyers. And make sure you paint all the trim…baseboards, door casings, window frames…with a finish that’s smooth and even. Then redo your front door in a color that draws the eye without screaming… and leads buyers right into your home.

November 3rd, 2008 at 1:30 pm
Nice writing. You are on my RSS reader now so I can read more from you down the road.
Allen Taylor
November 3rd, 2008 at 9:04 pm
Excellent!
Thank you for discussing this as it is helpful to Sellers and necessary in this market.
J M Rose
November 5th, 2008 at 9:52 pm
Very good advice. I invested some money into minor repairs, “sprucing up” and staging my home before I sold it this year. The result was a quick sale (6 weeks) and 93% of my asking price. Not too bad for today’s real estate market.
November 7th, 2008 at 4:46 pm
Colleen,
Useful information as always! It’s astounding that so many people take these ‘golden nuggets’ for granted. Keep spreading the word.
Jonathan Ernst