Simple Fix-Ups Pay Off Big for Sellers

Since matters of taste cannot be disputed – 0r dictated or even predicted very well really – it is best to focus improvements on areas where everyone can agree, no chipping paint, no weeds in the front walk, no doors that stick and so the list goes. With houses as with people you never get a second chance to make a first impression!

"Forget about overhauling the kitchen or redoing the bathroom. The fix-ups that pay off the most are often the simpler and more mundane, says Diane Saatchi, senior vice president at the Corcoran Group in New York. Her specialty is selling high-end properties in the Hamptons. She recommends that sellers focus their improvements on small exterior changes rather than big-ticket projects inside the home.

'Make the outside of the house look really great so that people fall in love between getting out of the car and the front door,' Saatchi says. That includes repainting the trim and adding new hardware, manicuring trees and shrubs, replacing old siding and replacing windows that aren’t energy efficient.

Nationally, returns for all major home-improvement projects are fetching 70 cents on the dollar, according to a Remodeling magazine’s survey of real-estate professionals conducted late last year. That's down from 80 cents in 2004.

Source: The Wall Street Journal, M.P. McQueen (05/15/2008)"

To read the article in Realtor Magazine: http://www.realtor.org/RMODaily.nsf/pages/News2008052003?OpenDocument