How to add $8000 to the value of your home with no money out of pocket?

Nathan Wolf, "natewolf"
- 5.0/5.0
- (1 review)
Contributions:1825

A new roof is a great asset. I recently showed a home that had roof shingles missing. I recommended the seller have a roof inspector from her insurance look at the roof. She did and it was found to have wind damage and hail damage. The roofing contractor paid her deductible and she got a new roof without any money out of pocket, and now can tell potential buyers that the home has a new roof!

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November 10 2010 - Charlotte

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Answers (4)

Pasadenan
Contributions:21489

Sounds like insurance fraud to me...

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November 30 2010

Sharon Lewis, "Sharon Lewis"
- 5.0/5.0
- (23 reviews)
Contributions:3931

Good advice.Home Insurance is also a great tool for a buyer.

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November 30 2010

Nathan Wolf, "natewolf"
- 5.0/5.0
- (1 review)
Contributions:1825

An old roof can lose a buyer. An old roof can lose financing. An old roof can add value in many neighborhoods. Values in North Carolina have not collapsed as in other areas of the country.

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November 16 2010

Rachel Cheeney, "rachel_cheeney"
- 4.8/5.0
- (1 review)
Contributions:72

If you're preparing to sell your property, look carefully at RECENT sales in YOUR neighborhood. Has there been a comparable property SOLD in the price range you seek? Appraisal values are very competitive and its unlikely that an $8,000.00 higher sale price baseline will be established with the sale of your property,
Are you refinancing your mortgage and need more value? Same rule applies.
If your market research indicates the value goal is reachable, its time to engage the elbow grease! (1) "Q-tip clean" and odor-free throughout every nook and cranny. (2) Minimize furnishings, (3) Fresh neutral paint throughout (low budget, big return), and (4) ZERO trinkets and personal effects. Good Luck!