When it comes to developing properties, definitely sweat the small stuff.
As real estate mogul and host of CNBC's "The Deed" Sidney Torres says, "small detailed stuff like under-counter lighting and closets really helps buyers get over the fact that [the property] might be a little over-priced compared to the market numbers."
To get the best deal for your house, invest in these details, says Torres and fellow mogul Sean Conlon, who hosts "The Deed: Chicago."
Skylights are often worth the splurge, says Torres, who is a big fan of natural light. They can open up a dark interior kitchen or bathroom, and, while they can "cost a little extra money, I think it pays off in the end," he says.
In general, Torres is always looking for ways to maximize natural light, whether that means installing floor-to-ceiling windows, simply making sure the bed in the master bedroom faces a window or adding a skylight.
"A lot of people cheap out and get cheap closets made," Torres says, but "there are other ways to save costs than to cut in the closet."
It's "an area that people can touch and feel and envision their clothes in," he says, and for that reason, "I always like to get very nice, custom-made closets. … Lots of drawers, hanging space, and storage."
When it comes time to pick a front door, Conlon says it's OK to spend five figures on a custom one.
It "may seem like an awful lot of money for a door, but you can never underestimate the power of curb appeal," he says. "When you are renovating a house you want to find ways to make it stand out from all the other homes on the market and what better way than having the most beautiful entrance on the block? Buyers lap that stuff up."
Fixtures such as appliances, flooring and counters
You may be tempted to pinch pennies when it comes to selecting the appliances, flooring and counters, but you'll regret that, says Conlon. For a house that ends up going on the market for $1.625 million, his team budgets $150,000 for fixtures.
"That's a high number, but absolutely necessary," says Conlon. "You can not under-deliver on your finishes in this price range. ... If you try to save money here, your house could sit on the market for months."