To remodel or not to remodel, that is often the question. Is Designed to Sell right for you?
Just as each person is different, so is each home different along with different seller situations -- that may change from month to month.
In an ideal real estate market, remodeling would add value, but in today's market, expensive presale renovations, for the most part, aren't worth it. According to the National Association of Realtors (NAR) and a Remodeling Magazine survey, remodels done in 2010 recouped approximately 60% of their price when the home is sold.
However, some remodeling may pay off by aiding in a sale. It is recommended that you not spend $10,000 on top of the line appliances, but if you're lacking an oven/range or dishwasher, replacing those with a moderate priced appliance is beneficial. Likewise, it may not be necessary to replace worn and paint chipped cabinets -- some sanding and repainting, along with updated hardware can really increase the appeal.
Updating bath, kitchen and lighting fixtures along with painting dingy, drab walls goes along way in to attract positive attention.
If these items are still beyond your budget, a thorough cleaning by professionals is well worth its cost in providing that necessary, favorable, first impression.