1. Kitchen Updates
Want to add an average of ~ $25,000-$30,000 in value?
Purchase a stainless steel kitchen appliance package, update the back splash, install a carrara marble, white quartz, solid black granite or solid toffee colored quartz, gray cabinets or white cabinets – you can paint the current ones and add modern hardware or get new cabinets if yours are completely out of style. Get a new square sink and duck neck faucet. Make sure you match the faucet and cabinet hardware with the same finish – i.e. brushed nickel or chrome.
White cabinets or grey cabinets look good with the 1st photo and a black counter-top can also go well with the 3rd photo:
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2. Floor Shade
Having an outdated floor stain like Golden Oak or Brazilian Cherry can seriously out-date a home. More up-to-date colors will compliment and pull from the tones in the paint, kitchen finishes and more modern furniture such as grays, toffees and golds. This can add ~ $10,000-$15,000 in value.
Sand and stain the floors with a rich medium-dark color like the Miniwax© Jacobean / Classic Grey mixed or Special Walnut / Classic Grey mixed. Theses shades sets the home in ahead of trend and looks very distinguished!
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3. Paint Color
Paint is one of the most important things to add onto your checklist outside of purging your hoarded belongings, keeping the place spotless and smelling nice. This helps buyers feel more at ease in the home either subconsciously or consciously. Nevertheless, it will get your home sold faster!
Paint the homes either of these colors (straight light grey or a very light grayish sage green blend, maybe even lighter than the below):
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4. Make Your Bathrooms Timeless
4 decades that have infamously failed in the bathroom design area: 50’s, 60’s, 70’s and 80’s. Pink, blue or yellow sinks, bathtubs, wall tile and toilets – each matching in tasteless unison.
Just glaze it all white change the faucets, mirror, light, hardware and change shower fixtures to a brushed nickel or chrome. All fixtures should have the same geometric theme and metal finishes.
If you can afford to do a full rehab on the bathrooms, the value would increase by ~ $10,000 each and cost roughly estimated $8,000 on the lower end to redo a small bathroom.
You can pull out money as a home equity line of credit or refinance into a renovation loan with a renovation lender to pay for these updates and get more profit from your home sale if the numbers work out on thd sale side verses how much you’re spending on the rehab. You will definately want to consult with a local real estate broker to weigh your as-is value, construction budget and projected resale net profit.
I personally have done a few fix an flips, made a good profit and also have an in-house renovation lender who can see how you can qualify for a refinance into a renovation loan. Contact me for additional questions about the value of your home in the Chicagoland area as well as any basic real estate questions!
Barbara Barker
Real Estate Broker
Cell: 312-798-9675
Email: urbanrealtor@live.com