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Helpful Tips

Small Upgrades = Big Return

RISMEDIA, July 28 -- Nearly 2 million North American home owners are trying to sell their homes this month, but many don't realize they won't recoup money spent recently on big-ticket improvements.

HomeGain surveyed real estate agents nationwide and learned that moderately priced home improvements, ranging from $80 to $2,800, made in preparation for sale actually yield the highest returns when a house is sold.

Based on responses from 2,000 agents throughout the United States, HomeGain developed a Prepare To Sell study with cost and expected benefit information for lower-priced improvements. These figures are general and relative, so they apply to Canada as well. They are:

Improvement Typical cost Incr. in sale price Avg. return Agents who recommend
Lighten and brighten $86-$110 $768-$935 769% 84%
Clean & de-clutter $305-$339 $2,093-$2,378 594% 91%
Fix plumbing, electrical $338-$381 $922-$1,208 196% 63%
Landscape & trim $432-$506 $1,594-$1,839 266% 72%
Staging $812-$1,089 $2,275-$2,841 169% 76%
Paint interior walls $1,453-$1,588 $2,342-$2,600 63% 69%
Kitchen, bath upgrades $1,546-$2,120 $3,823-$4,885 138% 83%
Repair flooring $1,531-$1,714 $2,267-$2,589 50% 62%
Paint exterior walls $2,188-$2,381 $2,907-$3,233 34% 57%
Replace carpeting $2,602-$2,765 $3,585-$3,900 39% 65%


For more information, please contact:
Prudential Lifestyles Real Estate, Brokerage
Independent Member Broker
100 Coldwater Street E
Orillia, Ontario
Canada L3V 1W7
Phone (705) 327-2222
Fax (705) 327-8030


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1-877-301-HOME (4663)

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