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Guidelines to Improvements to an older home

By
Services for Real Estate Pros with Independent architectural histor'n Delaware RS-0010115

If you are fortunate enough to live in an old house, proceed with caution if you plan to sell it within the next year and feel you need to "improve" it.  Before spending over $1000 on a new kitchen, bath, or other major projects, consult an experienced Realtor who deals frequently with selling old houses.  We often find that sellers jump into projects which suit their taste, but may not fit in with future buyers' taste.  I have seen sellers tear out walls and install baths just to update an old house right before putting it on the market.  The problem is, it may look great in your eyes but net you less than  if you had just sold it "as is" to one of the buyers who frequently want to buy a reasonably priced home and perhaps retain more of the old house feel and put in their own "sweat equity" doing so.

It is similar to my putting a new transmission  in a car before selling it, only to find out the mechanic who bought it would have done the work himself and saved me the over $2000 I spent on the transmission.

Posted by

sepia mug

Carolyn Roland, Your Historic

Homes ResourceChambers sepia

Patterson-Schwartz Real Estate

7234 Lancaster Pike, Hockessin DE

oldhome@psre.com

 Office-302-239-3000 Cell 302-593-5111

Comments(2)

Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Hi again.... here's another tip.... join up to some groups that interest you, like HERITAGE PROPERTIES or DELAWARE VALLEY REGION ... or THINGS TO DO/PLACES TO VISIT 

When you publish your post, you can add it to 5 groups.  Just be sure to read their guidelines first.  This way more people will read your blog and you will get more feedback.  Good luck in the rain!

Feb 18, 2008 08:04 AM
Jeff Echols
ONE 10 STUDIO - Irvington, IN
CGP
These are very good points Carolyn. I might also suggest asking your Realtor to suggest a design professional who is experienced in working with older homes in your area. A few hundred dollars invested up-front to develop an efficient plan that compliments the existing character of the home can pay big dividends at closing. And, a well considered strategy during the planning stages certainly saves in time, money and stress later.
Feb 18, 2008 12:55 PM