subject: Increase Your Sales Price Through Home Styling [print this page] When the time comes to sell your home, taking advantage of property styling techniques can help add a lot to the final sales price. Which investments are the best to make in your home styling depends on where the property is located and its value. As a rule of thumb, you want to enhance your property to the equivalent of slightly better than average for your street.
Here are some property styling projects we completed for clients, and the ROI they received:
New Family Renovation
One client had property located in a neighborhood that had recently received notice in the press regarding the quality of the local school system. We advised him to convert his stylish bachelor pad into something more suited for a new family, and added an extra bedroom. He was able to sell his home months ahead of when he anticipated, and added over $85,000 to his asking price, after investing only $27,000.
Complete Landscaping Update
One family had lived in their home for almost twenty years. When the time came to list, we advised them they needed to drastically reevaluate their landscaping, since styles and trends had changed considerably in their area. We took a plain back yard, added a deck, fencing, and a small barbecue area, turning it from ordinary into extraordinary. $22,000 put into updating the exterior let him ask nearly $75,000 more at closing, due to his new look back yard.
House-wide Flooring Restoration
This particular client had beautiful, timber floors which covered nearly the entire first floor of their home. However, they had fallen behind in maintenance, and age/damage had both taken their toll on the floor, leaving the appearance worn and outdated. We sanded/polished the old floor at the cost of $3,800. When the house sold, he received over $28,000 more than originally anticipated because of this investment into property styling.
Convert a Basement Into a Game Room
Sometimes a home lacks a feature that really helps it stand out from the crowd. If you have extra unused space, such as a basement or attic, consider converting it into a game room, study, or other defining feature. If you correctly judge the demographic trends of your neighborhood, you should be able to select the home styling projects which get you the most money. It is entirely possible to see returns of 350% or more on the money you invest.
Property styling is all about getting ROI for money put into a home before sale. The Makeover Group can help you figure out which home styling options make the most sense for you, given your budget, location, and goals.
