The Oregon Realtors organization also says to repair damaged flooring, water leaks and stains, holes in grout and pet destruction.
A well-maintained home sells faster and for more, say experts.
Then there are enhancements that can have almost their entire expense added to the asking price, if the seller doesn’t overspend.
Rebates for installing energy-saving appliances, double-pane windows and wall insulation lessen upfront costs and the owner benefits from lower monthly utility bills while making a home more appealing to potential buyers.
Replacing an oversized, inefficient oil-fired boiler and furnace in an older home can also free up the basement to be finished as additional living space, increasing the property’s market value and widening its appeal, says Curtis.
Since the pandemic started, home shoppers have been keen on having flexible spaces that can be a work, craft, hobby or wellness area, says Curtis, who calls having a bonus room “the best seller.”
If an owner has the resources, converting underused space in a house into an in-law apartment for extended family members or a lower level with an exterior door into a rentable accessory dwelling unit (ADU) can be rewarding now and enticing to a future buyer.
Biggest rewards
Research shows that sellers get the most bang for their renovation bucks by focusing on the kitchen, bathrooms and curb appeal with a handsome front door and low-maintenance landscaping.
The front yard is the first impression a home shopper sees after liking the property’s online photos and description, says Curtis.
The biggest payoff, however, now and in the future, comes at little cost but big effort: Decluttering.
Clearing floor space, shelves and closets so a potential buyer can visualize living there is key. Current residents also benefit from putting or giving away unneeded objects.
Studies show removing clutter and other distractions promotes creativity and a feeling of being in control, and orderly environments are relaxing and can reduce dust that irritates allergies.
If you plan to move sometime, it’s helpful to start boxing and storing excess objects now, says Curtis.
“Most people can move a third of their possessions to a corner of the garage and still have a livable, workable home,” says Curtis. “Many people instantly see this as an improvement and wonder why they didn’t do it years earlier.”
Timeless upgrades
Real estate agents, interior designers, home stagers and professional organizers can be consulted long before an owner lists a property.
If you plan to move sometime, it’s helpful to start boxing and storing excess objects now, says Curtis.
“Most people can move a third of their possessions to a corner of the garage and still have a livable, workable home,” says Curtis. “Many people instantly see this as an improvement and wonder why they didn’t do it years earlier.”
Real estate agents, interior designers, home stagers and professional organizers can be consulted long before an owner lists a property.
One of his recent listings, which he describes as a “truly unique, tasteful and bold” renovated midcentury modern house in Northwest Portland’s Kings Heights neighborhood, received an accepted offer in four days.
“It’s just not one of those renovations, but it was thoughtful and extensive,” he says.
Trends with wide appeal
Erin Davis of Mosaik Design and Remodeling in Portland says kitchens and bathrooms are the most used spaces in a home and the most sought-after remodeling projects.
“Staying with quality materials and a timeless style is a safe bet that both you and potential buyers down the road will enjoy,” she says.
A custom designed, high-end large kitchen can cost $50,000 or more, according to a 2023 study by Houzz, an online resource with content by more than 3 million home remodeling and design professionals.
Designers with the National Kitchen & Bath Association can recommend alternatives to high-priced products and materials for the latest looks are also available at home improvement stores in standard sizes and popular colors.
Some owners make improvements in phases to stay within a budget, and do some of the work themselves.
Davis has found that these looks appeal to homeowners and home shoppers:
Kitchen
- Quartz Countertops
- Full height backsplash
- Quality flooring materials
- High-end kitchen cabinetry
Bathroom
- Tile flooring
- Zero threshold shower
- Good lighting
