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FIVE VALUABLE FIXES FOR SELLING

Based on regional data, sellers in Bethesda’s Luxury Homes Neighborhoods can’t go wrong by implementing the following top five fixes to their homes in preparation for selling:

1. SIDING REPLACEMENT
Whether you replace your current siding with new fiber, cement, or vinyl, sellers can expect to recoup between 82-89 percent of the cost while creating essential “curb appeal” for buyers.

2. WOOD DECK ADDITION
Statistics show an 86 percent recoup of cost by adding a deck. If you already have one, try adding a built-in bench and planter with the same type of wood to add value. Be sure to use long-lasting materials, and avoid complicated patterns.

3. MINOR KITCHEN FACELIFT
Investing in a minor kitchen facelift might cost you anywhere between $6,000-$20,000, but the recoup value is estimated at 83 percent. The emotional difference to buyers can mean the difference in a sale as well.

4. WINDOW REPLACEMENT
Three types of window replacements are among the most popular upgrades, and their recoup values are high: upscale vinyl (81 percent); wood (80 percent); and midrange vinyl (80 percent). Any window replacement is typically worth the investment.

5. BASEMENT REMODEL
Recreation room? Kids play area? No matter what your purpose, improving the basement will give potential buyers plenty of ideas of their own. And a recoup value of 80 percent is well worth the effort.

Have you done home improvements to add value to your home? SHARE YOUR STORY WITH ME »

 

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