60 Second Savings: Home Improvements

Small changes in your bathroom and kitchen may raise the selling price of your home.
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Just like staging your home for prospective buyers, sprucing up certain rooms can increase the chances of getting your home off the market quickly and for a higher price.

Small changes may easily have big effects. And the best part is you won't need to spend a lot of money on a contractor.

Experts suggest fixing up the bathroom and kitchen first. The key is to simply appear clean and spacious. So before your next open house, consider these tips.

First, says Janice Simonson, design expert with Ikea, let the light shine in. "If you have any window coverings, take them off. Make sure the windows are very clean, too," she adds.

Meantime, in the bathroom, focus on the fixtures. Consider replacing the faucets and handles. An acid wash and tile and tub reglazing, which costs around $500, will also help give the bathroom a brand-new look.

Over in the kitchen, be conscious of cleanliness and organization. This room really counts because the kitchen is often where people spend a lot of their time, Simonson explains. She even suggests renting a temporary storage space for pack rats who want to make their home more appealing to prospective buyers.

Finally, a crisp new paint job on the wall and cabinets will help portray a clean look. Be careful not to use colors that are too dark or abstract. "I would go

with neutrals," says Simonson. "Then I think people can imagine their own items and their own lives in this house. What you don't want it to do is to look bland, so you can always add accents with things like pillows and textiles, but keep the big areas neutral."

To view Farnoosh Torabi's video take of today's segment, click here.

Farnoosh Torabi joined TheStreet.com TV in July 2006 as the site's first official video correspondent. Previously, Farnoosh was a business producer and on-air reporter for NY1 News, Time Warner's 24-hour news channel in New York City. Farnoosh is a regular columnist for AM New York and has written for Money, Time, New York Daily News and Newsday. Farnoosh is a graduate of Pennsylvania State University, with a degree in Finance and International Business and holds a M.A. from the Columbia School of Journalism.