Best Home Renovations to Help Sell Your House Now or in 2018

What are the Best Home Renovations for Maximum ROI?

Home prices may be plateauing but we’re far from a housing crash or stock market crash in 2018.  If you think selling your home is the prudent decision, then it’s time to create a plan that includes dressing it up for market.

You can sell your house for more with a blitz marketing strategy and by doing some renovation. You don’t have to advertise it of course.  Let buyers be amazed with your upgraded home.

Below are the Top 10 House Renos and links to other helpful resources to assist in your reno decision and sell it for the highest price.  You’ll find it does make a difference in your sales results.




Which are the renovations that will bring the biggest return in 2018? You might be intrigued by the numbers from Metrostudy’s renovation index and report for the last quarter.  Homeowners and sellers are spending 5% more on renos and they’re likely spending it in bathroom and kitchen upgrades or overhauls.

If you’re strategic, you might be able to get more professional results over several rooms, instead of use one room.

We’ve got the help of Houzz and the HGTV home renovation empire to help us stay on top of trends with a list of your best bets below.

With the real estate markets in some cities cooling (except Vancouver) and with a slight chance of a housing crash in cities such as the SF Bay Area, Toronto, Dallas, Denver and so on, homeowners are having to dress up their property to get a great price. If you can get the financing, and you choose the right renos that buyers like today, and it should be money well spent.

If your house is up for sale, you’ll need to do more in 2018.  And why wouldn’t you go for the best return on your investment if you can? If you need some more motivation take a look at what they did to this cottage in Atlanta.

What is the Average Cost of a Home Reno?

Homeadvisor.com conducted a survey of almost 4,000 members of house renovation costs:




And How About that Beach House Reno?

Are you selling your oceanside or country cottage? With the prices Airbnb are charging for vacation rentals, make sure your prospective cottage buyers understand the full possibilities. Build the features that draw buyers and renters into a frenzy.

What Chip and Joanna, and Drew and Jonathan Know

Final Season for Fixer Upper. We’ll miss Chip and Joanna.

The returns house flippers are getting on some houses (40%) suggests it is well worth it. And if the house is earning rental income returns, then it’s a no brainer if you can get the funding to proceed.  Apart from tear downs, HGTV has shown that renos can elevate the price of normal homes considerably and help get the house sold fast.

The added beauty of your renovated house will help your Realtor to build a multiple offer, over asking buying frenzy. And that’s still happening now in the fall of 2017.

HGTV’s recent post on the best renovations to help sell a house sell includes these 10 possibilities:

  1. Light Bathroom Reno:  98% ROI: Why only 98? Because a light reno may not remove the stagnancy of a bygone era nor the odor or wood rot!  But it does get rid of the worst flooring and fixture issues.

2. Landscaping: 100% ROI: Why? Because value is about perception, especially public perception so anything to do with the exterior and curb appeal is evaluated strongly.

3. Light Kitchen Remodel: 98% ROI. Why? If the layout’s okay and it’s done right, it’s a great way to make the house look new, clean, functional, and inviting. Replace the flooring and fixtures and refinish the cabinets and it might do the trick. Buyers may overrate the importance of the kitchen these days. Something to consider.

4. Exterior Improvement: 95% ROI. Why? New siding adds energy efficiency and gives the house amazing curb appeal. Stone facades are very attractive but expensive. Siding still gets good reviews.  Take a good look at the exteriors of new homes and adopt some ideas from them.

5. Attic Bedroom Conversion: 93.5% ROI. Why? An additional bedroom puts your house into a whole class of price, so any addition to code can help. The attic is popular with kids and offers great outside views.

Photo by Bright Common Architecture & Design – Discover bedroom design ideas

 




6. Major Bathroom Reno: 93% ROI. Why? Prestige. The new bathrooms usually have the latest in glass walls, high tech fixtures, soaking tubs, ceramic floors, recessed lighting, and big picture windows to make buyers believe they have their own soothing spa. Stress is a big negative in people’s lives.

Photo by Bubbles BathroomsLook for bathroom design inspiration

7. Major kitchen remodel: 91% ROI. Why? When Chip and Joanna, or the Property Brothers show the completed new kitchen reno, it’s modern, open concept, and gives buyers exactly what they want. Not just a kitchen, it’s more like a lifestyle command center with the best appliances and Chi possible.

Photo by Bloomsbury Kitchens and Fine CabinetryLook for kitchen design inspiration

8. Deck, Patio or Porch Addition:  90% ROI. Why? Well, you’ve watched enough Disaster Deck shows to know they create a whole new living space which makes the buyer think they’re getting a big bonus with a great view.

9. Basement Remodel: 90% ROI. Why? This one’s a little dicey. Basements are typically not well used even when they’re halfway above ground. If a house has limited room upstairs then the basement reno makes a lot of sense and that’s where the return will be high.

10. Replacement Windows. 89% ROI. Why? If the old windows are shoddy and leaky, then you have no choice. Big picture windows, and casement windows that swing open for air movement are very functional.  Can’t compare to a kitchen or bathroom reno, but with lower value houses, it could be the upgrade to go with.

Should you reno one room at a time?

How will costs factor into your reno decision?

5 Best design software tools to visualize your renovation.

Home design Trends from Architectural Digest.

Property Brothers discuss top 10 home renovation errors.




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Online Home Valuation for Homeowners

Market Value Appraisal for Homeowners

Well, if you’re reading this blog, then you may be considering selling your home, and the market appraisal is one of the first tasks to get done. You’re wondering “what will we get for our old place anyway?” And then that will beg your next question: how do we increase the selling price of the home?

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A Beautiful Home with incredible character, but was once a condemned property. The best house in the neighborhood by far, but will it be appraised as such?

Welcome, and I hope you’ll surf around and learn all about choosing a great real estate agent and getting the best results, in terms of price, professionalism, and moving onto the next phase of your life.

The essence of real estate is feeling good and finding the very best lifestyle for you.  Having a home appraised well is key to establishing the right selling price. And it’s the funds you’ll be starting with on this next exciting phase of your life.

Were you aware that you can actually get a free home market evaluation online? See the one below from Zillow. Or, you can do a Google search for [Realtor + market evaluation] and find a realtor who is interested in providing that service for you.

What’s so nice about about using Google to explore real estate topics, such as finding reputable realtors who are motivated and fun to work with, is that this is part of your journey. Google is making it easier, giving you endless education and insight into the real estate world.

If a Realtor ranks at the top of the results, it’s a good sign they want to work with you. It’s not easy to appear at the top of Google search results so you know they’re confident, put the hard work into it, and want to be successful. That desire for success is a good sign, not a sign of greed.




I Want to Get the Best Price Possible for my Home

And you should get the best price. That home and property represent a lot of daily toil on your part for year on end. Never forget that. Don’t give away value you created. You worked hard for years to make your mortgage payments and it is your investment. Don’t let anyone tell you otherwise. If you want to sell it for maximum price, you’ll want to use a realtor who has a habit of selling homes for over asking price. In today’s market, you’ll probably get it.

Thinking about Selling your California home and hiring a California Real estate agent in 2017? Check out the real estate  predictions for the US, and forecasts for apartment rentals and home construction in San Francisco, San Diego housing outlook and predictions for home sales in Los Angeles.

Preparing for the Maximum Selling Price

You’ll need a realtor and perhaps a renovation/designer to determine what could be fixed up to create an even better price and be sure to get it sold fast. The speed of the sale might save you some misery.

Once you get a ball park figure or Zestimate®, you’ve got a good number to work with. Realtors criticize Zillow mostly because they’re such an aggressive competitor online. Their Zestimate® tool is a little off the mark, sometimes low by $20,000 or more.  Yet as Zillow collects more information on homes across the US and Canada, they’ll become more accurate. But this number is just a number to rally on. You can raise the value of your home with your realtor’s advice and help. Appraisals are often based on comparables which could be the wrong comps, so you may want to go out and carefully find your own comparables to show the buyers the real value.

zillow-estimate-los-angeles

 

How do I Raise the Value of my Property?

Now you’ve got your base price often based on comparables in your neighborhood. What can you upgrade that’s worth doing? Homeowners tend to be way too passive about fixing the place up, as doing so could raise the selling price considerably, especially if your realtor manages to bring in a boatload of buyers who might compete for it.  It’s the simple pleasure/pain response. It may be very effective to get rid of everything that could offend or turn off the buyer, such as dirty toilets, broken light switches, dirty stained carpet, or some of your old nostalgic art items.

A Los Angeles Real Estate agent gives some insight into appraisers and how appraisals will affect what buyers might be willing or able to offer for your home.

Here’s 10 of the Best Ways to Raise and Get your Asking Price

Fix/Renovate the Bathroom – Home buyers want all memories and evidence that you lived there gone. The bathroom is a sensitive topic and they likely want the fixtures like the toilet, basin, shower replaced. Freshening it up with new fixtures tells them it is clean and ready to be used.

Fix the Roof – If there’s any signs the roof has had it, they will not even give you a bid. Here’s an opportunity to get rid of the old shingles and put in new solar shingles to create added value for them. Free hydro could be very excited for them.

Open Concept Kitchen – Just knocking down the walls could open up the buyer’s mind to the warmth of your kitchen. Most buyers insist on a kitchen/living room connection so try to make that happen.  Don’t buy new appliances, just look for some cheap used ones that still look good. Replace the obvious stuff that hints of poor hygiene such as grimy looking countertops, worn kitchen sinks and faucets.

Get Rid of the Old and Broken – Old just means old style, and items that have no relevance to the life they’re going to live.  Although you love your statue, antique furniture, or old small deck, they might really turn your buyer off. Broken things could get your appraisal reduced by $500.  Just one broken faucet or wall socket that doesn’t work could cost you $5k in appraised price because appraisers work in $500 increments.

Improve Exterior Features – Put in some exterior lighting, LED, for security reasons and for aesthetics.  The lights warm things up and create an evening presence that would otherwise be cloaked in dreary, scary blackness.

Try some New Window Shades – These are an inexpensive upgrade that can pick the windows up and help block bright sunlight and give privacy. These buyers don’t know the neighbors yet.

Remove Dirty Carpets – replace them with the new cheap linoleum based engineered flooring.  It looks like wood, feels like wood and it’s easy to keep clean. Make cleanliness a theme if it suits your ideal selling strategy.

Improve whatever the Realtor tells is wrong with most of the houses in your Neighborhood – If your house is the only one that doesn’t have the common problem, it will give them an emotional lift.

Make sure your top home Feature really Stands Out – there’s no point in going half way with the best thing about your home. If it’s got a rooftop deck for instance, make sure it looks like something they will be compelled to use. A rooftop deck or pool or large ensuite bathroom that they won’t use much is actually a waste. Everything being sold has a top benefit, so ensure this is 100% fantastic.

Have the Home Staged – having the right style, furnishings, and dressings for the intended buyer is important. Sorry, your style of furnishings only reduces the value.  Appearance is so important, from the condition of the lawn to the art on the walls. Let the realtor’s home stager make the place look immaculate.

Then comes the issue of how to choose the right realtor. There are almost 2 million real estate sales people to select from.

Choosing the best realtor is important. Some are motivated and some are not. Some are optimistic, some are not. You need to take some time doing a search of the best on Google. Take the top ten you find in the search results and assess their skills, strengths and weaknesses

A good realtor will be very optimistic, encouraging, and imaginative about how to help you get the best home selling price. That’s perhaps the most important criteria you should consider. Please don’t treat this like it’s just another transaction, and that you’ll take whatever you can. Your realtor will be making a good commission on the sale. You can expect them to come up with a brilliant online marketing strategy to capture more and better prospective buyers for your home sale.

How does their online marketing presence look to you? Would you buy from them if you were about to buy? What about their website and the image they project? Does it seem to speak to you and put them in an exclusive class of quality realtors?  Do they really look like they care?  Is there much content on their website? Can you see anything about their character or personality?  Of course, you can call a brokerage and take whoever is next on call, or you could interview whoever is willing to come to your home to be interviewed.  Save some time and do a pre-screening of their website. Their website is a tell tale representation of their professionalism, skills, and commitment.

If you get a Good Real Estate Agent – Stay with Them

It’s an interesting statistic that most sellers don’t use the same realtor to help them buy the next property, even though they’re buying in the same city. Your selling realtor will be helping other buyers on other deals so why not you? Either you believe in your realtor or you don’t. Choose a great realtor and use them for everything.

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Celebrate Your Wins – It Keeps You on Track

Celebration Reconfirms Your Commitment

merrily hackett
Merrily Hackett celebrates a fantastic year of sales and customer service for Sutton Group West Coast Realty – A lot of buyers and sellers have realized their dreams because Sutton West Coast made it easier.

I know of a special mortgage agent who has a panache for celebration and I discovered that trait, attitude or disposition as an important success characteristic for her and anyone else.  It’s definitely fascinated me and I’m not a big Xmas, 4th of July, World Series Win post game, or wedding kind of guy. Although I do like fireworks once in a while.




Celebration is a communication and motivation tool. It’s about sharing moments, milestones, such as your wedding anniversary, sales records, the day you met someone, your kid’s birth and graduation, and or someone’s 100th birthday (like actor Kirk Douglas who just hit 100).  Who cares? They do and you do. In fact, celebration could be related to feelings of well-being and self-respect.

Celebration is an appreciation of success in serving clients or customers – it reveals intent and respect. 

Yet celebrating by itself doesn’t carry much weight unless you make it relevant to your customers/clients and demonstrate what it represents — their success now and in the future.  Making money by itself is an empty success. Maybe this is something that’s missing from your personal and professional life? Why don’t we get that changed around with a series of goals and milestone successes in your career?

Nothing to Celebrate? Maybe 2017 will be the year you become delerious with celebration and happiness

This Modest Celebration?  Reaching 1000 Visitors per Day 

If you’ve read my real estate blog, (10% of you keep coming back) you know I’ve been catering specifically to real estate agents. They’re a tough audience – skeptical of digital marketing.  I promote my significant, personalized unique value proposition as a marketer who can get them in front of huge audiences. I can do that and here’s proof. My blog has just hit the 1000 visitor per day mark as you can see the Google Analytics chart shown below.

I’ve spoken about hypergrowth strategy but few people have had the slightest interest in it. Too conceptual, too far out. Well, wait till you see what’s coming next. (Update: this blog has hit 2,000 visitors per day).

I know, you’re thinking, “Gord don’t give away your data.”  I’m not too concerned because it’s the next 2,000 visitors per day where the real success lives.  In this phase, I begin to target consumers, homeowners, homebuyers, mortgage borrowers, lifestyle seekers, travel real estate buyers, home improvement seekers, and more.

I’ll celebrate again at the 3,000 per day mark — that’s a rate of over 1.1 Million visitors per year.  That’s about how much traffic my major Hotel client had when I started helping them and I got them up to 2.5 million per year. This joy in reaching people via social media, content, millions of blogs, and Google Search is something you can leverage if you feel good about yourself. I’m becoming more enthusiastic about Facebook and its potential too.  Maybe we can share that journey together?

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gordtrafficcities
The 4000 unique cities where my visitors live

Celebrate Your Business Future – Let’s Create It Now

I would rather celebrate your big victories and milestones such as 100 deals per year — One every 3 days. Why not? You can do it. I’m showing you how many people are online and searching. Then there’s the social media crowd!  These people will refer business to you as well. And if you’d like to advertise online, even better, I’ll create your high converting landing pages and create an amazing customer journey that will make your customers love you.

If you’ve already got a panache for the real human side of celebration, I’ll give you something to really celebrate.  How about Millionaire status, world travel, a beautiful new home for you, and a better life for your family.

Don’t sit on your duff and dream about it. If you’re already reasonably successful, why would you ever doubt it?  Dust off your old Tony Robbins motivation tapes, watch Home Hunters International episodes, and start planning your big party event. Yes, of course I want to be there especially if it’s in Costa Rica!




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