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With the real estate market being what it is these days, it may be a safer thing to fix up your house as opposed to selling it and purchasing a new one. House prices in many areas have topped off and are even come down so a homeowner will have a hard time finding the right value for their property. Most people are turning to house renovations to enhance the price of their house and prepare for the future bounce back in the housing market. Here are a few simple home remodeling tips that can help you fix your house up.
If you are looking to obtain the most for your money, it is a great bet to start with the kitchen. One problem you may encounter is that a complete kitchen renovation may take a little longer than expected and the cost could be a bit higher than you have to spend. A good place to start renovating your kitchen is with something inexpensive like the walls. Slap a fresh coat of paint on your kitchen walls and it can do wonders for the appearance and feel of the kitchen.
The next thing you want to focus on is the bathrooms. The kitchens and the bathrooms in your house will be the major focal spots when you go to sell your residence. This is why you want to start with these two parts and repair them up as much as possible. A good place to start in your bathroom is the flooring. If you can, don’t make use of vinyl for your flooring and if you do have vinyl floors, upgrade these floors to tile.
The next point to modernize and enhance the value of your home is the front area of your house. Whether this is a small area of grass or you have a big front yard with a garden, you want to ensure that you have excellent curb charm when you are planning to sell your house.
The economy may be in transition, but you know how to still do the aforementioned things in order to increase the value of your house while you prepare for a market correction. Do these things and you will be well on your way to a simple but significant house remodeling job.
Bill Manassero is the founder/top dog at “The Old Dawg’s REI Network,” a blog, newsletter, and podcast for seniors and retirees, that teaches the art of real estate investing. His personal real estate investing goal, which will be chronicled at olddawgsreinetwork.com, is to own/control 1,000 units/doors in the next 6 years. Prior to that, Bill and his family lived in Haiti for 11 years as missionaries serving orphaned, abandoned and at-risk children.
