Here on Cape Cod, we’ve got a lot of houses built in the 1960s and 1970s. You know what that means:
A lot of it is dark brown or near black for who knows whatever reason, but it’s cheap, and it’s the wall of choice in a lot of homes around here. Many buyers and sellers look at paneling and see a $10,000 or $15,000 project to rip everything down to the studs and start from scratch.
If you’ve read us before, you know we can always find a way to do it cheaper! Our resident renovation-on-a-budget expert, Marilyn Osborne, has another low-cost tip that can add up to $50,000 to the sale price of your home!
Marilyn’s $1,000 Kitchen Makeover
The owners of this West Falmouth home had a problem. Their strategy of going For Sale By Owner was not working. The house had a few showings but no offers in 4-5 months on the market. One look at the kitchen shows a dated, but well laid-out space:
The dark paneling and cabinetry hid the fact that there was a lot of light coming in from the window, and plenty of space to spread out and enjoy the kitchen. After Marilyn took on the listing, her first act was to suggest hiring a contractor to come in and repaint the kitchen white, replace cabinet knobs and do nothing else. Take a look at the difference:
The total cost of the project was only $1,000! Look at the difference a coat of paint made. The counter tops, fixtures, appliances and floor are all the same – the only difference is a fresh coat of paint on the walls and cabinets.
How much did this add to the sale price of the home?
$30,000 – and that’s not a misprint. For relatively short money, the homeowners were able to significantly increase the asking and sale prices of their home. A full-scale kitchen renovation might have cost them $20-30,000 and gotten the same result.
In real estate, it’s all about spending your money wisely. Seemingly little fixes can go a long way towards big results!