Page 62 - Selling secrets 5 18 2023

cozy. You can repair laminate floors cosmetically with repair
kits found at home improvement stores.

Hardwood flooring can be easily refinished if the wood is
worn or water damaged. Seek the advice of a flooring
professional because real wood floors add a level of quality
to a home that laminate floors can’t replicate.

TIPS FOR KITCHENS AND BATHS

The first thing to determine in making upgrades to your
kitchen and bath is what you believe constitutes a
substantial investment. The key is to consider mass appeal
for the sake of resale value.

Research staging polls found that “79% of buyers
indicated they would be willing to pay a premium
for a home with an updated kitchen.” Some statistics rate
this preference as high as 100%!

One home owner decided to add a back splash and more
cabinet space in the kitchen. They also updated the
appliances and refinished the oak flooring. Total cost:
$4,000. The seller kept the price comparable to sales in the
area and ended up selling for $25,000 more than the asking
price because buyers started a bidding war.

“Bathroom renovations may net you 75-100% return
on your dollar, according to The Appraisal Institute of
Canada. “Kitchen renovations may net you 50-75%
return on your dollar”

You don’t need to bust your budget to sell your home, but
you do want to create mass appeal. Kitchens are pivotal in-
home appeal. Think about what can be done to your kitchen

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