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October 13, 2012
Seller Video Series 7: Repairs and Improvements?
Source: YouTube - Used under standard YouTube license terms.
If you're thinking about making repairs to your home before selling, talk to your agent about which repairs are necessary and which might not be.
If you've made significant improvements to your home to make it into your dream, you probably already know that you're not going to get full-value for these improvements at resale.
In fact, (graphic: according to a recent study published in Remodeling Magazine 2010-2011) aside from replacing the front door, no home improvement project gave back more than an 85% return on investment. At best, that's a 15% guaranteed loss on your money.
Recent improvements can help your house make a buyer's short list, but to first catch the buyer's attention and then to be the one the buyer ultimately chooses, pricing matters most.
So, be sure to speak to your agent about what features matter before you do anymore repairs to your house.
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