Posts Tagged ‘ home projects ’

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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