Spring is the most popular time of year to buy and sell a home. Actually, property listing website Zillow, reports the optimum time to maximise your return and reduce your home's time available on the market is May 1 to May 15.
“That means now's the ideal time for you to get the home ready to list,” says Ellsworth Buck, Vice President of Insurance, Florida's largest independent homeowners insurance agency.
Getting your home prepared to sell might require renovations that
can boost your home's value. Most buyers are interested in a home that's clean
with modern updates, that is move-in ready. But before you empty your bank account
renovating, you should know which renovations yield the highest return
your money can buy.
“While there is no need to break the bank on renovations, at best, clean up inside and out,” says Ellsworth Buck, V . p . of Insurance, Florida's largest independent homeowers insurance agency.
Also, fix any glaring problems that would deter a purchaser such as,
popcorn ceilings, stained carpet or broken light fixtures. Paint can do wonders
but keep in neutral. Spruce up your yard and entry way with flowers or new
house numbers to include entrance charm.
Remodeling magazine comes out with an annual Cost vs. Value report, where they examine the cost of popular home renovations in comparison to the return on investment (ROI) at resale.
Here would be the top home rehabilitation projects that deliver the highest returns according to the 2021 Cost vs. Value report for the South Atlantic region.
Manufactured stone veneer – 91.4
percent cost recouped
Garage door replacement– 86.1
percent cost recouped
Kitchen remodel (mid-range)- 82.8 percent
cost recouped
Entry door replacement (steel)-
75.8 percent cost recouped
Deck addition (wood)- 74.8 percent cost
recouped
Window and sliding door replacements, together with asphalt
roofing replacement rounds out the top list.
