‘Top 10 Low Cost D-I-Y Home Improvements for Selling’ Survey

‘Top 10 Low Cost D-I-Y Home Improvements for Selling’ Survey

January 19, 2012 By Pres Ⓡ Staging Resource Centre

Home Gain is a well known industry leader in providing home stagers factual current statistical information for the home improvements that will give the best Return On Investment (ROI). This survey was published in January 2011 and is relevant in today’s marketplace and in many parts of Canada. The survey was conducted with 600 nationwide US Realtors and these were their recommendations to home sellers.

You can read the full article but these are some of the highlights:

Top 10

1. Cleaning and de-cluttering ($290 cost / $1,990 price increase / 586% ROI / 99% recommended)
2. Lightening and brightening ($375 cost / $1,550 price increase / 313% ROI / 97% recommended)
3. Home staging ($550 cost / $2,194 price increase / 299% ROI / 80% recommended)
4. Landscaping ($540 cost / $1,932 price increase / 258% ROI / 93% recommended)
5. Repair Electrical or Plumbing ($535 cost / $1,505 price increase / 181% ROI / 92% recommended)
6. Update kitchen and bathrooms ($1,265 cost / $3,435 price increase / 172% ROI / 75% recommended)
7. Replacing or shampooing carpets ($647 cost / $1,739 price increase / 169% ROI / 98% recommended)
8. Painting interior walls ($1,012 cost / $2,112 price increase / 109% ROI / 96% recommended)
9. Repair damaged floors ($931 cost /$1,924 price increase / 107% ROI / 93% recommended)
10. Paint outside of home ($1,467 cost / $2,222 price increase / 51% ROI / 81% recommended)

In comparison to the 2009 survey results, the top five home improvements were the same, except that Lighten and Brighten and Stage home for sale were flipped for second and third top home projects.

The home improvements with the highest price increases to a home’s resale value is Updating the Kitchen and Bathroom($3,435 price increase), followed by Painting the Outside of the Home($2,222 price increase) and Home Staging($2,194 price increase).