Subscribe to Answers
Besides the obvious of "it depends"...depends on the issues w/ the home and comparison vs. the neighborhood, it depends on what you mean...do you mean best ROI?
If so, generally ROI on kitchens and bathrooms are negative...you get back 60-70% of investment. So, generally, no that would not be my 1st reco. (However, sometimes fixing/improving a few items will help. Generally adding granite counter = 100% (or breakeven) on investment. Adding hardwood floors to kitchen will have positive ROI. Painting dark cabinets white and fixing hardward, generally will be slightly positive, adding appliances positive.
Painting is usually a smart investment...but generally not white, but rather a neutral color of beige or gray or taupe.
If there is hardwood underneath the carpet, ripping up the carpet & refinishing will generally be your best ROI. Adding hardwood will also be very positive. Retiling generally will not be. Replacing carpet may be needed if very smelly/dirty offensive, but generally will not improve value...but leaving it may decrease value.
You may find this article helpful. What types of flooring provide the best ROI if you are selling your home? It applies a bit more to East Coast where there are plywood subfloors.
Sterling Heights, MI
Paint might cost $200 in the can but it might be worth $2000 on the wall
kitchen and bathrooms.
Raoul Loustaunau had a client who had a bungalow who did attic space. Home went from 2 bed 720 sq ft bungalow to a 1020 sq ft and a 3 bed.. Yes bath and kitchen but sometimes simply adding heat to a sunroom may be the bigger return. these were also in areas where sq ft was not easy to find.
Maybe not white paint--often considered too sterile, but certainly very neutral. Paint, kitchen and bathroom updates, and never forget the outside as that's the first thing people see. Paint the front door (or replace if needed), make sure the front yard is well landscaped. Pressure wash exterior of home and driveways.
It depends on the condition of the house and the list price. I agree painting and upgrading kitchen and bathrooms helps.
Please, don't paint your house white .... unless it's the "right" white that has undertones that work with the fixed elements in the home. There are many neutral shades that would be far better than white. Home stagers can advise sellers on the best paint colors that buyers love and that will enhance the home's interior as well as exterior.
Clean, declutter, organize. New surfaces like floors & countertops often return more than the cost. Paint is hard to beat. Kitchens that are functional, but slightly outdated may find new life with paint & counters, but full out remodels are usually too much and too personal to pay back what they cost.
Raoul Loustaunau best return on investment for seller would be kitchen remodel and bathrooms. Painting of course is very good, too.
Painting a home white in my market is a mistake. Too blah...
Paint is one of the easiest and cheapest ways to improve the look. Also, Fertilize the front lawn...Curb appeal!!!!
The best improvement is getting out the clutter, so the potential buyers can actually see the house.
Make the front door look new or buy a new one, add some color to the front landscaping, powerwash the exterior, touch up the interior and exterior paint or repaint if it's a strong color.
I would say it depends also, what price range? Painting and carpet are obvious, but in the higher price ranges, granite, stainless appliances and updated lighting and fixtures.
In my humble opinion, I would go for having great kitchens and baths. Carpeting is not in the picture much anymore, but a great floor might cost more than a wonderful new kitchen!