Danielson Real Eestate Consultants Stephanie Danielson

(763) 441-9911

Selling A Higher Standard
Avalar Minnesota Real Estate

Expected Return On Home Improvement Investments

Improvement
Typical Cost
Increase in
Sales Price
Average
Return
Agents Who
Recommend
Lighten and brighten$86-110$768-935769%84%
Clean & de-clutter$305-339$2,093-2,378594%91%
Fix plumbing, electrical$338-381$922-1,208196%63%
Landscape & trim$432-506$1,594-1,839266%72%
Staging$212-1,089$2,275-2,841169%76%
Kitchen/bath upgrades$1,546-2,120$3,823-4,885138%83%
Repair flooring$1,531-1,714$2,267-2,58950%62%
Paint exterior walls$2,188-2,381$2,907-3,23334%57%
Replace carpeting$2,602-2,765$3,585-3,90039%65%

2003 HomeGain Survey of 2,000 real estate agents nationwide found that moderately priced home improvements, ranging from $80-2,800, made in preparation for sale actually yield the highest returns when a house is sold. Increases for 2006 are anticipated to be even higher.

"Statistics.....report that while most homes take more than 30 days to sell, Staged homes average about 13 days on the market and sell for about 6 percent over list price."

Most people do not like to buy homes that appear to be someone else's. Houses that sell the quickest and for the highest price are those that do not look as though they belong to someone else, instead they almost look like a store display.

Home Staging Pays Off, Why? It results in greater return and faster closings.

Current real estate market conditions have made it increasingly important to prepare your house for resale. The money spent on preparing your home is an investment. Statistics show that proper preparation of your investment will yield more viewings, reduce the likelihood of price reductions and spend fewer days on market.


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Stephanie Danielson ~ Direct 763.441.9911 ~ Mobile: 612.242.8747 ~ E-Fax 1.866.734.0548
Danielson Professional Group, Inc., 17205 Yale St. NW Suite D, Elk River, MN 55330
E-mail: Stephanie@DanielsonRealEstate.com ~ Website: www.DanielsonRealEstate.com
 
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