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HomeGain 2012 National Home Improvement Survey Results

HomeGain.com announced today that it has released the results of its nationwide home improvement and home staging survey. Past findings from the survey have been a guide for thousands of home sellers in preparing their homes for sale.

HomeGain recently surveyed nearly 500 real estate agents nationwide to determine the top 10 low cost*, do-it-yourself home improvements for people getting their home ready to sell.

The top five nationwide home improvements that real estate professionals recommend to home sellers, based on average cost and return on investment (ROI) to sellers, are:

Costs are averages and rounded up.

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Posted by: Louis Cammarosano on April 23rd, 2012 under Home Improvement Surveys

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HomeGain 2011 Home Improvement National Survey Results

HomeGain.com announced today that it has released the results of its nationwide home improvement and home staging  Home Sale Maximizer™ survey. Past findings from the survey have been a guide for thousands of home sellers in preparing their homes for sale.

HomeGain recently surveyed nearly 600 real estate agents nationwide to determine the top 10 low cost*, do-it-yourself  home improvements for people getting their home ready to sell.

The top five nationwide home improvements that Realtors recommend to home sellers, based on average cost and return on investment (ROI) to sellers, are:

  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)

Costs are averages and rounded up.

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Posted by: Louis Cammarosano on January 18th, 2011 under Home Improvement, Home Improvement Surveys, Home Staging, HomeGain, HomeGain Surveys, Polls

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Top 9 GREEN Home Improvements

A few months ago we announced the top 12 do-it-yourself (DIY) home improvements for people selling their home.

green-home-improvementWith the environment and sustainability in the hearts and minds of many Americans, HomeGain has also surveyed Realtors for the top 9 GREEN DIY home improvements.  Nearly 1,000 REALTORS® responded to the survey.

While the results show that green home improvement projects may not be as popular as traditional non-green improvements (percentage of Realtors who recommend them), the GREEN trend does seem to be catching on as people realize the benefits. (See Realtor comments below.)

According to a McGraw Hill study, 70% of homebuyers would rather buy a green home than a non-green home in a down economy. The Management Information Services/ICMA has said that “landscaping, especially with trees, can increase property values as much as 20 percent.” According to Move.com, to date, around 1,100 Realtors have earned the NAR Green Designation (out of 1.3 million registered Realtors in the U.S.).

Based on national average cost and return on investment (ROI) to sellers…

The top 5 GREEN home improvements that Realtors recommend to home sellers are:

  1. Plant native trees and plants ($141 average cost / $399 average price increase / 284% average ROI / 65% of agents recommended)
  2. Replace air filters ($76 cost / $201 price increase / 266% ROI / 63% recommended)
  3. GREEN home staging ($223 cost / $445 price increase / 199% ROI / 47% recommended)
  4. Weather strip and caulk doors and windows ($169 cost / $313 price increase / 185% ROI / 68% recommended)
  5. Install programmable thermostats ($146 cost / $249 price increase / 170% ROI / 62% recommended)

The complete 9 GREEN home improvements are as follows:

green-home-improvements-chart

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Posted by: Jessica Gopalakrishnan on January 12th, 2010 under Green Real Estate, Home Improvement, Home Improvement Surveys, HomeGain Surveys

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Home Improvement Survey Results – Regional

homegain-home-improvement-tipsHomeGain.com recently conducted its third nationwide home improvement and home staging Home Sale Maximizer™ survey (previously conducted in 2003 and 2007) to reveal the top 12 low cost*, do-it-yourself (DIY) home improvements for people getting their home ready to sell.

Nearly 1,000 REALTORS® responded to the survey. (See complete survey results)

Referring to the charts below, the top home improvement per region by return on investment (ROI) is:

  • Home Staging (West and South)
  • Clean and Declutter (East and Mid-West)

Lightening and Brightening is the 2nd most popular home improvement project in all regions that Realtors recommend to home sellers, except for in the Mid-West, where Landscaping takes 2nd place.

By price increase, the top home improvements are:

  • West: Updating Kitchen and Home Staging (Tie for $2,500 each average home price increase)
  • East: Updating Kitchen (average of $3,500 price increase) followed by Painting Interior Walls and Painting Outside of Home (Tie for $2,500 each in average price increase)
  • South and Mid-West: Updating the Kitchen (average of $2,500 price increase)

The top most recommended home improvement Realtors advise their seller clients are:

  • West and East: Clean and Declutter (98%)
  • South: Clean and Declutter, Lighten and Brighten, Replace or Shampoo Carpets (all tie with 98% recommendations)
  • Mid-West: Paint Interior Walls and Replace or Shampoo Carpets (both tie with 99% recommendations)

Complete Regional results are as follows: Continue reading this post

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Posted by: Jessica Gopalakrishnan on November 11th, 2009 under Home Improvement, Home Improvement Surveys, HomeGain Market Data, HomeGain Surveys, Polls, Regional

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HomeGain Survey: Home Staging Top Priority for Sellers

HomeGain.com recently conducted its third nationwide home improvement and home staging Home Sale Maximizer™ survey (previously conducted in 2003 and 2007) to reveal the top 12 low cost*, do-it-yourself (DIY) home improvements for people getting their home ready to sell.  Nearly 1,000 REALTORS® responded to the survey. (See complete survey results)

hsm_survey_home

Thousands of REALTORS and Home Stagers use "Home Sale Maximizer" to advise their home seller clients.

Home Staging is reported to be the 2nd most valuable home improvement project to a seller when it comes to selling a home by return on investment (ROI), according to surveyed Realtors.

Home Staging is also the 3rd highest price increase to a home’s resale value ($300 cost / $1,780 price increase to a home’s selling price, which is a 586% ROI)

82% of Realtors nationwide recommend home sellers do DIY home staging.

Staging has rose on the list of priorities over the years. In 2007 survey results, Lightening and Brightening had the second highest ROI followed by Home Staging. Two years later, Home Staging overtakes Lightening and Brightening.

How many Realtors recommend professional home staging the majority of the time? Continue reading this post

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Posted by: Jessica Gopalakrishnan on November 6th, 2009 under Home Improvement, Home Improvement Surveys, Home Staging, HomeGain Market Data, HomeGain Surveys

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HomeGain 2009 Top 12 Home Improvements Survey Results

Due to popular demand from the real estate community, HomeGain.com regularly conducts its nationwide home improvement and home staging Home Sale Maximizer™ survey. Past findings from the survey have been a guide for thousands of home sellers in preparing their home for sale.image_cropped_hsmwoman

HomeGain recently conducted a new survey of top 12 low cost*, do-it-yourself (DIY) home improvements for people getting their home ready to sell.  Nearly 1,000 REALTORS® responded to the survey.

The top five nationwide home improvements that Realtors recommend to home sellers, based on average cost and return on investment (ROI) to sellers, are:

  1. Cleaning and de-cluttering ($200 cost / $1,700 price increase / 872% ROI / 98% recommended)
  2. Home staging ($300 cost / $1,780 price increase / 586% ROI / 82% recommended)
  3. Lightening and brightening ($230 cost / $1,300 price increase / 572% ROI / 95% recommended)
  4. Landscaping ($320 cost / $1,500 price increase / 473% ROI / 94% recommended)
  5. Repair Plumbing ($385 cost / $1,250 price increase / 327% ROI / 88% recommended)

Costs are averages and rounded up. For ranges of values, see chart 1 below. For actual price increase, see chart 2 below.

hsm_graph_full_chart_1x2

Cleaning and de-cluttering continues to  rank as the top suggested home improvement (since the survey was originally conducted in 2003). This low cost home improvement is recommended by 98% of Realtors and costs less than $200 but has a returning value of nearly $1,700 to the home’s sale price, or an 872% return (ROI).

“Inexpensive cosmetic home improvements and basic improvements greatly enhance the value of the home,” stated Carol Wilson of Carpenter Real Estate in Indianapolis, IN (AgentEvaluator member since 1999). Continue reading this post

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Posted by: Jessica Gopalakrishnan on November 4th, 2009 under Home Improvement, Home Improvement Surveys, HomeGain Surveys

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