When you're considering selling your home, you want to know what it's worth—first and foremost. Determining your home's current value depends largely on the state of the market where your home is located. In addition to location, the condition is the next most important factor. As buyers are searching and comparing homes they will quickly assess the condition through photos, showings, and open house tours. You want to make sure that your home presents in the best possible condition and with finishes and styling that feel modern and clean.
how can I make repairs without out-of-pocket expenses or a costly HELOC/loan?
Compass Concierge offers an easy way to approach making these updates and repairs without pulling the funds from your own pocket—or liquidating assets to pay for closing costs and high-interest rates on a line of credit or loan!
With Concierge services, you can receive funds easily and schedule your preferred professionals to complete the work. Colorado homeowners with sufficient home equity are eligible for an interest-free loan up to 5% of the list price—$25,000 maximum—toward projects like painting, staging, flooring, roofing, HVAC & furnace, and windows. You can even use the funds for any purchase that supports the sale of your home...even creative uses like storage unit rental, carpet cleaning, solar panels, snow removal, and moving materials! Your funds can be delivered on a Concierge Capital Debit Card, by check to the vendor, or with a direct cash-out to the seller's bank account via cash, Venmo, or PayPal. It doesn't get any easier to sell your home more quickly AND for top dollar, without interest or upfront fees!
see COMPASS CONCIERGE IN ACTION AT A recent listing by nostalgic homes group
what projects provide the best roi for homeowners?
The National Association of REALTORs® releases a report annually that details which repair and improvement projects are netting homeowners across the nation top-dollar returns. Review the full 2022 report here. The data shows that buyers are looking for timeless features like wood floors and energy-efficient interiors, with renovated kitchens and baths and expanded living space in the upper and lower levels when possible. Buyers also want to avoid larger potential expenses like roof replacement and appreciate added energy efficiency in new windows and the convenience of a garage door system. These projects netted nearly every dollar invested back in value!
Here's a snapshot of the latest project ROI numbers:
Hardwood Flooring Refinish - 147%
New Wood Flooring - 118%
Insulation Upgrade - 100%
Basement Conversion to Living Area - 86%
Closet Renovation - 83%
Attic Conversion to Living Area - 75%
Complete Kitchen Renovation - 75%
Bathroom Renovation - 71%
Kitchen Upgrade - 67%
Add New Bathroom - 63%
Add New Primary Bedroom Suite - 56%
Roofing - 100%
Garage Door - 100%
Fiber Cement Siding - 86%
Vinyl Siding - 82%
Vinyl Windows - 67%
Wood Windows - 63%
Steel Front Door - 63%
Fiber Glass Front Door - 60%