If you’re trying— or at least planning— to sell your St. Louis, Missouri home, you’re in luck. According to a report from KSDK Channel 5, homes around the St. Louis area are selling like hotcakes:
“The real estate market is turning around across America and the St. Louis region is no exception.
Some experts say home prices are back to pre-bust levels, and homes in some communities are selling in days…
Because homes in the more desirable neighborhoods are selling fast and for more than they have since 2008, some agents are pre-marketing the homes with “Coming Soon” signs before they’re even ready. Most homes are getting multiple-offers, and Thiemet says more of those offers are cash.”
The fact that houses are moving off the market so quickly is an encouraging sign. Still, you have to be able to find ways to make your home stand out in the market if you want to take full advantage of the real estate boom.
Remodeling your St. Louis, MO home is a fantastic way to do just that. After all, people are instinctively drawn to new things, or at least things that look new. At the same time, intelligent remodels increase the value of your home, yielding a good return on investment (ROI).
Of course, you have to pick your spots wisely and choose to remodel portions of your home that buyers would value. Otherwise, you won’t be able to maximize your ROI. With that in mind, here are a few remodeling projects you should look into:
Households─ especially homemakers─ spend a lot of time in the kitchen, so make sure that kitchen will sweep buyers off their feet. According to Remodeling Magazine’s 2014 Cost vs Value Report, a kitchen remodel can net you an ROI of around 62 percent to 65 percent.
People will want a place to lounge around and grill a few steaks or burgers during the weekend, especially with summer just around the corner. Give them what they want and have a deck added to your home. Wooden decks offer a 68 percent ROI while composite decks offer a 62 percent ROI.
It’s all about energy-efficiency these days, so you’d better have outdated windows replaced with modern ones. You can go either vinyl windows or wood windows; both offer a 62 percent ROI. However, you may want to go with vinyl as the fact they require less maintenance will surely entice prospective buyers.
If you decide to give your home a facelift, be sure to work only with trusted St. Louis remodeling contractors like St. Evans Inc. Doing so assures you and your buyer that the additions are of quality workmanship.
(Source: St. Louis real estate market turn around; KSDK Channel 5 News; June 2, 2014)