So, you want to sell your house someday. Well, right now is a good time to invest in fixing it up, so when the economy turns around and you do go to sell it, you can get some good money. So, here are a few upgrades you can make that’ll really pay off. We got these from Real Simple magazine.
- Painting. It provides dramatic results with little investment. If you decide to hire a professional to do the work, you can expect to pay between $3,500 and $6,000 for the interior of an average home. Painting the outside will run about $5,000 or more. If you can’t decide on a color, here’s a tip: choose yellow. According to Geri Willis, author of Home Rich, pale yellow homes tend to sell faster, and for more money. Probably because it’s an optimistic color, and gives the impression that brighter times are ahead.
- Home investment #2: Replacing windows. If the inside of your home tends to get really cold when the weather cools, you need to buy new panes. Not only could you be losing precious heat, but your electricity bills could be skyrocketing. Leslie Sellers is vice president of the Appraisal Institute, an association of real estate appraisal professionals is Chicago. She says energy-efficient windows eliminate drafts, so your home feels warmer and prospective buyers love that warm, “home” feeling.
- On the flip side, one last investment you should make on your home before you sell: installing central air conditioning. You want to stay cool when the weather heats up. Adding central air to an average 24-hundred square foot home might cost around $10,000, but it’ll boost your home’s value by 10 to 20 percent! Also, it’s energy efficient. Centralized units have a higher energy efficiency rating than single window models, which make them less expensive to run and central air won’t block the view the way a window unit does.