Posts made in August, 2018

Home Improvements: What Gets You the Greatest Bang for the Buck?

Posted on Aug 29, 2018 in Buying or Selling, Moving

Clients and friends often ask me what home improvements are the smartest ones to make, both short-term when listing a home for sale, as well as generally over the long-term. The question is always – will I get this money back when I sell?
When listing a home for sale, my experience has convinced me that for most homes a relatively small investment in handyman fix-ups is some of the best money homeowners can spend. Though often minor and cosmetic, even the smallest of defects can embed in a buyer’s mind the idea that this home is not well cared-for. Eliminating this possibility is critical for a successful sale. Other listing priorities are a fresh coat of paint and the oft-mentioned de-cluttering.
As for longer term investments, my first advice is always if a home improvement will give you and your loved ones a better quality of life, then it’s a good investment. I also a look to Remodeling Magazine, which publishes a well-known Cost vs. Value Report annually. As compiled in the 2018 issue of this report (www.costvsvalue.com), the best recoupment for the Washington, DC metro area are, surprisingly, stone veneer (104.9% recoupment), garage door (102.0%) and front door (101.3%). The lowest recoupment cost projects are an upscale (as opposed to midrange) master suite addition (51.2%) and a backyard patio (54.9%). These figures no doubt vary by house and scale of project, and I am always happy to offer my insight and experience to neighbors and friends in Arlington and throughout the DC metro area.

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