Like many folks out there, you may be primed to get your house ready to put on the market—and willing to do whatever it takes to get it sold.  In this current economic climate, even with murmurings of a recovery for the real estate market, most of us are still not in a position to go whole hog on major renovations.  Real estate broker Bandele Oguntomilade, who is also the CEO of Bogun Enterprises, shares the top five ways to prepare your home for resale on any budget, and to get the best return on your investment.

1.  Cooking up a Sale

“The kitchen is always at the top of the list,” declares Bandele.  “It depends on the budget, but the idea is to really put value back into the real estate.”  By this she means that the updating of countertops and flooring should be a priority over appliances, because in some states, appliances are considered personal property and the new homeowners will supply their own.  But if you do have the budget to splurge on new appliances that can be taken to your new home, stainless steel is the way to go. “It’s important to upgrade to modern materials such as travertine for floors and stainless steel for appliances.”

2. Bath Basics

The second most critical space to spruce up is the bathroom. At the very least, Bandele admonishes homeowners to re-caulk all visible joints, and areas of the tile that have fallen prey to mildew, to ensure that a clean appearance is presented.  “While people tend to want that spa-like bath experience,” she says, “it’s better to take the time to upgrade what you have.” For those with a bit more to spend, countertops and flooring are once again the key areas to target with contemporary materials like travertine or granite.  An even broader budget can accommodate full tile replacement, but it’s more important to get a neutral paint color on the walls.

3. Going Green

One overall improvement targets elements that are not at first seen by the eye, but is mutually beneficial to both the buyer and seller.  “With sustainable architecture and eco-friendly upgrades, you create another big bang for your buck,” Bandele explains, adding that the federal government is offering substantial tax credits for green upgrades, and potential buyers really warm to the idea that the cost of maintaining their new home has already been cut by eco-friendly improvements made by the seller.  Making sure your insulation is installed correctly, getting your HVAC system up to speed, and upgrading to a tank-less water heater are some things that may cost more to handle up front, but will create a win-win situation for everyone involved in the sale of your home.

4. Wall-to-Wall Value

Wall finishes are critical when it comes to selling your home, especially in the cosmetic sense—no one wants to see cracks, bad patch jobs, or water stains (which, Bandele emphasizes, should be painted over only after water leaks themselves have been fully repaired).  “Walls should also be neutral in color,” she says. “Paint is the least expensive solution; many stores offer eco-friendly, hypo-allergenic paint that costs about the same or less than regular paint.” And one last thing:  “Do NOT do wallpaper.”

5. Absolutely Floored

When it comes down to it, floor coverings are one of the first things potential buyers notice.  Old, mildewed carpet can single-handedly kill a sale.  Even if it is clean, a hideous color can do equal damage.  “If your budget allows, replace existing carpet with a neutral colored Berber,” says Bandele.  Hardwood flooring tops the charts for cosmetic appeal and expense, but homeowners may have a hidden treasure on their hands. “Check to see if the carpet covers an existing wood floor that can be sanded and refinished.  Then voila, you have hardwood floors!”

In addition to these five target areas, there are other simple, inexpensive things that can be done to get your house ready for sale. “Get the lawn manicured—add a few potted plants for curb appeal,” says Bandele. “And definitely de-clutter.”

To get more of Bandele’s wisdom, visit her at RealEstateAtBogunEnterprises.com

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Author: Kelly Thacher

Kelly has been a writer since she was in grade school where she received early recognition for her Young Author's project. Magazines like Home Entertainment, Luxury Consumer Electronics, Vertical Living, Luxury Home and the Robb Report were happy to have Kelly's editing talents on various projects. A series of career twists and turns has offered her invaluable experience in journalism, magazine and book publishing, and fiction writing.

Kelly Thacher has written 30 articles for us.

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