| By :
Leo Kingston
With mortgage rates sky rocketing, you are probably one of the many thousands of Americans asking yourself, "Is it time to sell a home?" Before you dive head in and start listing your house on the market, here are a few renovation ideas that can help you with the success and speediness of your sale. Can you guess which rooms have the highest rate of return on renovations? Yes, you guessed it; it's the almighty kitchen and bathroom! I know from personal experience when I want to buy a house I'm checking to see if the kitchen has new stainless steel appliances, granite or stone countertops, or even just any updates period. It's disappointing when you walk in and see that same stove and refridgerator from 1972. I mean, yellow is a bright and happy color, but the times are changing. Buyers want to see a more modern, fresh, clean, natural looking setting. Same goes for the bathroom, stone has been a big hit in design lately. You also may be asking yourself, "How am I supposed to afford all of these renovations?" Well, you may not be able to; luckily there are less extravagant upgrades you can make that can be just enough to woo over any buyer. Replacing countertops to affordable tile is less costly and fairly easy to do. Replacing cabinet pull knobs can make a tremendous difference as well. Giving your walls and cupboards a fresh coat of paint adds a newer, cleaner look. If you are lacking on counter top space it might be in your best interest to invest in one of those mobile islands that not only create more workspace but also serve as extra storage space. Proper lighting can make or break a sale, so be sure your area is well lit, sometimes even changing out the old light bulb with a new, higher wattage one can be sufficient enough. Most of these upgrades apply to the bathroom as well; I'd even suggest changing out the shower head to a more contemporary one. And while you're at it, if you really want to impress the potential buyer, a new toilet can make a world of difference. Although that hot tub and 2nd story addition sounds like a fantastic idea to you, before you start spending the money on projects as big as these, you want to make sure your house will not stand out from the rest of your neighborhood. Unfortunately it often ends up that your renovations result in a loss because the value isn't realized when looking at the comparables of the other houses on the block. Over improving is something you definitely want to manage so that you can get the most out of selling your home!
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