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Prices are lower and so is the value.
It's not a buyers market because people are holding onto the idea that houses are worth last years prices, but unfortunately prices have fell and they are here to stay for some time.
The real estate market, like almost everything else is cyclical; simply meaning it will come around in a big circle and be prosperous once again.
Just in case you don't want to wait that long, here is a money saving idea that will add value to your house immediately.
The kitchen is one of the most important rooms of the house.
People tend to spend a lot of time there and it is also a gathering/meeting place.
It also has a similar affect on potential buyers of a house.
First impressions are always important (i.
e.
Curb appeal) but after that, a realtor will lead the potential buyer to the kitchen as their first room to view.
From this room, a buyer usually gets a feel for the house.
If it is a large spacious kitchen, the buyer has a feeling of openness or if it is a nice neat kitchen, the buyer feels safe about the house and is comforted.
Either way an appealing kitchen will help with the sale of a house.
At this point you might be saying "I am not selling, I just want to add value".
Well the same kitchen theories apply to an appraiser.
When you are trying to get equity in a house, the bank will send an appraiser to get a "real value" of your property.
One of his/her main focuses is the kitchen and part of this factor is because potential buyers often look to the kitchen as a big part of their decision.
So having new kitchen cabinets or a fresh looking kitchen will only help increase the value of your house.
This leads us to the money saving idea for your kitchen.
This idea is to upgrade your kitchen cabinets.
Upgrading and installing new kitchen cabinets will give your entire room a facelift.
You might now be saying that kitchen cabinets are not a money saving idea.
Yes they are, if you buy RTA kitchen cabinets.
RTA kitchen cabinets are not a brand name; instead they are a style of cabinets.
RTA simply stands for "ready to assemble".
It is similar to buying a home stereo shelf or a book case in a box.
You have to take it home and assemble it.
RTA products are the same idea.
The other excellent news about RTA kitchen cabinets is that the quality is as good as regular cabinets and they are about forty percent (40%) less than an assembled cabinet.
Also remember to add a fresh coat of paint to your kitchen.
Painting the kitchen adds a new brightness to the room and the job is easily done once you have removed the old kitchen cabinets.
So adding cabinets at a discount price (RTA products) and putting on a fresh coat of paint will add value to your house and not cost you a large amount of money.
Equity added at minimal cost, is the only way to get ahead in this real estate market and this can be done smartly with a kitchen cabinet upgrade.
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