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Create Curb Appeal – Boost Resale Profits

February 9, 2010

According to results from 2009 Cost vs. Value Report, resale of residential homes can get a healthy boost from small-scale exterior upgrades. Projects such as certain types of door and siding replacements, wood deck additions, steel entry door replacement and upscale fiber-cement sliding replacements all recouped up to 83% of costs.

Common misconception that only interior upgrades will hike up the sales price of the home is just that – a misconception. According to a recent Inman post, January 22, 2010, the housing market can expect a significant recovery with recent increases in home sales and decreases in price.

With an imminent recovery upon the housing market, now is the ideal time for homeowners to upgrade where they can – exterior and interior alike.

Once a home appears on the Multiple Listing Service and it is professionally staged, it has the potential of selling 50% faster and for as much as 6.9% higher, according to StagedHomes.com survey (ASP™). The process of staging a home can make significant difference in the number of offers coming in as well as the sales price. Rule 4 of our NEW Rules of Real Estate®, powered by First Team® speaks more on the importance of presence and first impressions.

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