Avoid Over-Improvement and Mazimize Your Budget

Lead Funding isn’t just a private lender, but has experienced in all facets of real estate, and we want to make sure our clients make the best use of their budget. Our approach to assist the large and small real estate investor includes:

• Expert advice when problems arise including referrals to reliable sub-contractors,
• Referrals for discounted granite counter tips, cabinets and excavating services, and
• Assistance with valuations, remodeling ideas, and knowledge of local communities.

HomeBay, and online real estate service recommends you look at the neighborhood first for guidance. Unless most homes in your area have high-end interior finishes or lavish gardens, spending time and money on expensive improvements can actually make your home harder to sell and price you out of the market.

Rather than going with a big project that may or may not pay you back, look to some of these simple, affordable fixes. According to the pros at the DIY Network, these worthwhile projects will add to the resale value of your home:

Interior:

• Refresh plumbing by replacing old, clogged, or leaking pipes and faucets
• Clean or add fresh grout around sinks, tubs, fixtures, and tiled areas
• Re-seal windows, doors, and around the baseboards of your home
• Add fresh insulation within attic spaces
• Replace non-working lighting, electrical outlets, food disposals and ceiling fans
• Repair wall holes, remove wallpaper and give each room a fresh coat of paint
• Tend to broken door locks and address any latching or sticking issues
• Refresh or replace chipped, scratched, or damaged countertops

External Upgrades:

Potential buyers get their first impressions from the exterior of your home, so you should prioritize tidying up your landscaping. However, adding a sprinkler system, outdoor pool, deck, or ornate lawn adornments likely won’t work in you or your budget’s favor. Keeping your outdoor space clean and simple is your best bet to impress potential buyers and appraisers.

Here’s a list of quick-fixes to focus on:

• Replace any broken window panes
• Touch up any peeling painted surfaces
• Invest in necessary roofing or gutter repairs
• Caulk around the foundation of your home
• Remove any ‘junk’ or unsightly items laying around outdoors
• Thoroughly clean any decks, fountains, or patio areas
• Keeping your lawn neatly groomed
• Repairing any broken heads on sprinkler systems
• Paint or replace your front door
• Paint or replace your old mailbox
• Power wash the driveway and siding
• Add a few seasonal flowers to spruce the yard

To see the full article or view a tutorial, check out the article here.