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A stressful part of putting your home on the market is determining what to fix and upgrade to get the very best price. Rely on your real estate agent to recommend which projects to consider and which to avoid. Putting money into renovation doesn’t always mean you will recoup the money in a sale.
You may want to consult Remodeling’s website for their most recent Cost vs. Value Report for a breakdown of typical returns on renovation projects large and small in various regions throughout the country.
The report highlights the following projects as those with modest gains in their cost-value ratio:
While your needs and budget will have a big impact on your choice of home-improvement projects, it helps to know the cost vs. return ratio when making the final decisions.
As a homeowner, you accumulate all sorts of documentation the moment you make the offer on your home. Loan documents, inspections, insurance policies, receipts and warranties are just a few of the documents you may be collecting. Knowing where these items are can save you a lot of time and money.
Keep closing papers such as the deed, settlement statement, appraisal, disclosures, mortgage note, inspections and title insurance policy together in one place—preferably in a safe deposit box.
For other records, a practical record-keeping system doesn’t have to be expensive. Purchase an accordion file and label each flap with a different category. Those might include:
Organizing your home files may take a considerable amount of time initially, but it will definitely be time well spent in the event you need the documents in the future.
Matthew is happy to be part of the team at Berkshire Hathaway HomeServices Abbott Realtors as the new Marketing Director. He majored in Communications and Business in college and brings a wealth of technical skills and is eager to put them to use.