These Are The 2 Rooms That Really Sell Homes

Buyer Hot Spots: the ‘make it or break it’ focal points of a home.

May 11, 2014 at 8:45AM

If you're planning to put your house on the market, you likely want to maximize your very limited time and extra cash.  That's why Trulia suggests zeroing in on what we call Buyer Hot Spots: the 'make it or break it' focal points of a home.  As a seller with a tight time line (and budget), you'll want focus on these rooms first.

Shutterstock

The Two Hot Spots: The two most closely inspected and anticipated rooms of a house are the kitchen and master bathroom. They're the interior spaces where the most value can be added during a sale, so they need to look their best.

A well-appointed kitchen will dramatically increase the value of your home, so really spice up this spot to grab buyer attention. The same holds true for the bathrooms – especially the master– which will charm open house-goers with modern upgrades like dual vanities and soaking tubs.

Keeping Up With The Joneses: Before you start planning any interior upgrades, consider your neighborhood – and more importantly, your target buyer.  If most of the homes nearby have tidy, neat kitchens with Formica or tile countertops, then you should, too. If granite and flagstone seems to be the local flavor, hopefully yours will be similar, since that's what local buyers are after.

Don't Over Do It: Establishing the quality level of comparable homes is also crucial to saving you thousands. It'll help you identify when to spend and when not to go overboard on unnecessary amenities. A kitchen upgrade can range from a one weekend, low-budget brush up (think paint job and installing new hardware) to a full-blown overhaul (with tens of thousands spent for granite countertops and luxury appliances). You want to make your home look as fantastic as possible – without wasting money, overinvesting, and ultimately creating a space that's out of place with the rest of the houses in the neighborhood.

Make The Most Of What You've Got: Even if your kitchen is looking very tired, don't throw out the baby with the bathwater. Keep the main elements, and simply improve what you can using a cost-effective, low-labor strategy.  Resurface or repaint cabinet doors, replace cabinet hardware, install a new faucet, upgrade the appliances, upgrade the lighting with new fixtures, and put on a fresh coat of paint. Also, the least expensive but most important tip – rid the countertops of all your stuff!

The Master Bath Mystique: In order of buyer-grabbing importance, the master bath is a close second. It's the most challenging room in the house to upgrade because doing so requires the skills of many different tradesmen. But, on the positive side, there are several little tricks that can help create an inviting look that tugs at buyers' heartstrings and evokes that "Oh Honey, I love it!" reaction.

Screen Shot

When time and money are running out, and you need to get the house on the market, the key to doing a bathroom upgrade is, again, making the most of what you've got. Save as much of the existing bath as you can. Then, a quick switch of the sinks and faucets, new low-flow toilets and showerheads, and upgraded lighting, mirrors, towel racks and storage make for an entirely refreshed look. And for goodness sakes, make sure to clean the tile and grout, and organize the medicine cabinets (because buyers will open them).

This article These Are The 2 Rooms That Really Sell Homes originally appeared on Trulia Tips.

Selling your home isn't the only tax "loophole" you can use
Recent tax increases have affected nearly every American homeowner and taxpayer. But with the right planning, you can take steps to take control of your taxes and potentially even lower your tax bill. In our brand-new special report "The IRS Is Daring You to Make This Investment Now!," you'll learn about the simple strategy to take advantage of a little-known IRS rule. Don't miss out on advice that could help you cut taxes for decades to come. Click here to learn more.

ALL: What was the room that was most important to you when you bought or rent your last home or apartment?

ALL: You can get more information on my books here, follow me on Twitter@1MichaelCorbett and like me on Facebook!

Michael Corbett is Trulia's real estate and lifestyle expert. He hosts NBC's EXTRA's Mansions and Millionaires. In additional to his regular segments on ABC's The View and Fox News, he is a national best selling author with three critically acclaimed real estate books: Find It, Fix It, FLIP IT!; Ready, Set, SOLD! and Before You BUY!

Trulia has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

1 Key Step to Get Rich

Our mission at The Motley Fool is to help the world invest better. Whether that’s helping people overcome their fear of stocks all the way to offering clear and successful guidance on complicated-sounding options trades, we can help.

Feb 1, 2016 at 4:54PM

To be perfectly clear, this is not a get-rich action that my Foolish colleagues and I came up with. But we wouldn't argue with the approach.

A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich" rated The Motley Fool as the #1 place online to get smarter about investing.

"The Motley Fool aims to build a strong investment community, which it does by providing a variety of resources: the website, books, a newspaper column, a radio [show], and [newsletters]," wrote (the clearly insightful and talented) money reporter Kathleen Elkins. "This site has something for every type of investor, from basic lessons for beginners to investing commentary on mutual funds, stock sectors, and value for the more advanced."

Our mission at The Motley Fool is to help the world invest better, so it's nice to receive that kind of recognition. It lets us know we're doing our job.

Whether that's helping the entirely uninitiated overcome their fear of stocks all the way to offering clear and successful guidance on complicated-sounding options trades, we want to provide our readers with a boost to the next step on their journey to financial independence.

Articles and beyond

As Business Insider wrote, there are a number of resources available from the Fool for investors of all levels and styles.

In addition to the dozens of free articles we publish every day on our website, I want to highlight two must-see spots in your tour of fool.com.

For the beginning investor

Investing can seem like a Big Deal to those who have yet to buy their first stock. Many investment professionals try to infuse the conversation with jargon in order to deter individual investors from tackling it on their own (and to justify their often sky-high fees).

But the individual investor can beat the market. The real secret to investing is that it doesn't take tons of money, endless hours, or super-secret formulas that only experts possess.

That's why we created a best-selling guide that walks investors-to-be through everything they need to know to get started. And because we're so dedicated to our mission, we've made that available for free.

If you're just starting out (or want to help out someone who is), go to www.fool.com/beginners, drop in your email address, and you'll be able to instantly access the quick-read guide ... for free.

For the listener

Whether it's on the stationary exercise bike or during my daily commute, I spend a lot of time going nowhere. But I've found a way to make that time benefit me.

The Motley Fool offers five podcasts that I refer to as "binge-worthy financial information."

Motley Fool Money features a team of our analysts discussing the week's top business and investing stories, interviews, and an inside look at the stocks on our radar. It's also featured on several dozen radio stations across the country.

The hosts of Motley Fool Answers challenge the conventional wisdom on life's biggest financial issues to reveal what you really need to know to make smart money moves.

David Gardner, co-founder of The Motley Fool, is among the most respected and trusted sources on investing. And he's the host of Rule Breaker Investing, in which he shares his insights into today's most innovative and disruptive companies ... and how to profit from them.

Market Foolery is our daily look at stocks in the news, as well as the top business and investing stories.

And Industry Focus offers a deeper dive into a specific industry and the stories making headlines. Healthcare, technology, energy, consumer goods, and other industries take turns in the spotlight.

They're all informative, entertaining, and eminently listenable ... and I don't say that simply because the hosts all sit within a Nerf-gun shot of my desk. Rule Breaker Investing and Answers contain timeless advice, so you might want to go back to the beginning with those. The other three take their cues from the market, so you'll want to listen to the most recent first. All are available at www.fool.com/podcasts.

But wait, there's more

The book and the podcasts – both free ... both awesome – also come with an ongoing benefit. If you download the book, or if you enter your email address in the magical box at the podcasts page, you'll get ongoing market coverage sent straight to your inbox.

Investor Insights is valuable and enjoyable coverage of everything from macroeconomic events to investing strategies to our analyst's travels around the world to find the next big thing. Also free.

Get the book. Listen to a podcast. Sign up for Investor Insights. I'm not saying that any of those things will make you rich ... but Business Insider seems to think so.


Compare Brokers