Don’t bring out the toolbox from your garage just yet. We understand that you are all excited about renovating your house for the big sale, but just stop for a minute and think about it.
How much can you afford?
Will the renovation break any homeowner’s association laws?
Are you ready to take on such a big challenge?
It might seem pretty easy to you when you are hiring a contractor but when you are low on budget and making the changes on your own, the job seems quite challenging. We say, dump all those ideas!
Why? Because we are about to tell you about a renovation tip so simple and affordable that it will blow your mind away. Your Winter Park realtor will recommend going with stager for the interior, but for the exterior, tackle it on your own.
Let’s have a look at a hypothetical scenario:
Samantha and Alaric are planning to sell their house because they recently welcomed a baby girl. Thinking about their kid’s future, they knew a bigger house in a family-friendly neighborhood with a good school district was needed. After weeks of house hunting, they finally find a house that has everything they need and want. However, there’s a slight problem: the price is too high. After calculating their savings and getting a pre-approval letter, they still fall short. So, Alaric decides to get some renovation done on the house to increase its resale value. Sadly nothing of the sort happened, even after a swimming pool was added in the backyard and the bathroom was turned into a luxury restroom.
Are you with us so far? So, where did they go wrong? Well, a meeting with an Ocoee realtor revealed their mistake.
They Didn’t Factor in the Comps!
Comps are neighboring houses that your Clermont Florida realtor uses to set the asking price of your house. They allow the agent to match your house’s features to other similar houses on the market. This helps you during negotiations as you can justify your asking price by showing the buyer the information on the comps you have collected.
The Big Reveal
Are you ready to find out what will put an increase in your asking price by $6,271? Now that you know what not to do when it comes to renovations, here’s the easiest and most affordable home renovation tip:
“Painting the front door!”
According to Zillow, houses with dark colored front doors sell at a profit of $6,271. A survey was conducted to prove this and around 135,000 house photos were viewed. The impact of colored front doors was recorded, and it was found out that dark brown and black colors are clear winners.
Here’s a breakdown of other colored house features:
|Dining Room||Brown (Oat brown to Sandy brown)||$1,684|
|Kitchen||Tuxedo cabinets (Black and White)||$1,547|
|Living Room||Light Taupe (Peach or Pink undertones)||$2,793|
|Exterior||Yellow (Brown undertones)||– $3,408|
|Front Door||Black (Charcoal or Smoky)||$6,271|
So, now you know how a simple swipe of black paint can increase your profit range substantially. If you want to buy a home that falls under your budget, then visit Megan Dowdy Realty to get in touch with a qualified Clermont Florida realtor. The company’s mission is to provide its clients with the best house buying experience possible. To get in touch with them, call at 407-509-9279.