real estate forms, purchase contracts and detailed home selling tips for selling by owner

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For sale by owner: real estate forms & contracts plus fsbo selling tips; how to sell your own home.
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Tips for selling a home fast.    
real estate legal form, real estate purchase contract to sell your own home
Ignore Roger and consider the following fsbo rules before adding a deck to the home you plan to sell:

Rule 1:
If the house is in poor condition, improvements can increase the sales price.

Rule 2:
A thousand dollars spent to improve a home that is in good condition, seldom adds a thousand dollars to its sales price.

Rule 3:
Nothing adds value to a home like improvements to kitchens and bathrooms.

 

Cost vs. Improvement in Sales Price:

The table below, from a recent magazine survey, confirms our own observations. Typical home improvement projects are listed on the left. On the right, is the dollar amount added to a home's selling price for every $1000 spent on the project. (More current and detailed surveys are available at: TotalProtect Home Warranty)

Project $ added to price
Minor kitchen remodeling $990
Adding a Bathroom $900
Major Kitchen remodeling $850
Adding a Family room $830
Adding a Deck $700
Replacing Windows $680
Replacing Siding $680
Reading the table:
  • On average, a person who spent $1,000 to add a bathroom, saw a $900 increase in the price of his home.
  • The family who spent $1000 to add a deck, saw a $700 increase in the sales price of their home.
Bottom Line:
  • Don't spend money to improve a house you plan to sell unless the house is in such poor condition that it cannot be sold without improvements. For example: the house needs a new roof to keep out the rain; or a modern bath with a shower.
  • Improvements might make sense if you can do the work yourself. If you can add kitchen cabinets for $500 rather than $1,000, you can still expect the $990 increase in the value of the home. On the other hand, shoddy work on those kitchen cabinets can reduce the value of your home.

 

Related Links

     
Shop the AJ Madison Outlet for Savings up to 50% on appliances!   TotalProtect Home Warranty . Current surveys of value vs cost of home improvement projects.

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