Selling Your Home Should You Improve or Not?

By
Real Estate Broker/Owner with DMK Real Estate Ct RE Broker 0789963

Selling Your Home Should You Improve or Not?

For sellers this is a huge point for consideration and as a Realtor® you should be ready to discuss this with your clients along with estimated costs involved and potential return of investment.

Buyers come in two groups:-

  • The group who wants a bargain and are willing to trade hard work for sweat equity.
  • The group who wants move-in ready.

If the seller would prefer not to spend any money then this is will equate to a tradeoff in list price. But sometimes the tradeoff is uneven and a few hundred dollars spent on improvements and maintenance might improve the sales price by thousands.

The other point is the sellers time frame, in general move in ready homes tend to sell more quickly. With a little research and some quotes the seller might find out that some home improvement upfront will allow substantial returns in both money and selling time.

Sometimes the tradeoff is uneven: a few hundred dollars spent now may equate to thousands in sales price. The other consideration is your seller's timeframe: houses that are move-in ready sell more quickly. A bit of number crunching may reveal that a small outlay upfront will bear a substantial return later, both in money and time.

Here is a list of quick fixes that frequently help to increase a property’s value:

  • Curb appeal of the home, update and new landscape along with painting.
  • Interior painting and de-cluttering.
  • Refurbish, upgrade or remodel of kitchen and/or bathroom.
  • Addition of crown molding, built-in cabinets.
  • Refinished wood floors.

 

To read more about home improvements and what they can deliver please click on Cost Vs Value Real Estate Remodeling & Trends ~ 2014. 

 2015 update information please read ~ 2015 Cost vs. Value Report by Remodeling Magazine. 

 

For additional information go to:-

Pay Back on Green Home Improvements. 

2014 Bathroom Trend’s for the Home. 

Top 10 Kitchen Design Mistakes | Raleigh Custom Home Design 

Home Staging Works Great Photos = More Traffic Sales! 

Best Tips for Selling Your Connecticut Home. 

Home Selling Tips & Advice. 

Steps to Buying a Connecticut Home. 

 

Buyers and Sellers looking for step by step assistance in Fairfield County contact David Popoff at DMK Real Estate in Darien, Connecticut.

Posted by

David Popoff
Connecticut Licensed Real Estate Broker
Realtor® Green
Seller Representative Specialist
Accredited Buyer Representative
candidate
LEED AP Homes

 

DMK Real Estate, Darien, CT.
Cell (203) 228-0646
DMKrealestate.com

 

 

 

DMK Realty, 06820 

 

 

 

 

Facebook    Twitter    Linked in

 

 

 

  AFFILIATED ORGANIZATIONS

click on logo to go to website

 

                                           

                      

 

 

 

Find David Popoff Ct on Google+
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Selling
Location:
Connecticut Fairfield County Greenwich
Groups:
Realtors®
Stage It Forward...
Connecticut Professionals
All About Fairfield County, Connecticut.
Agent's Toolbox
Tags:
home improvements
tips for home selling
dmk real estate darien ct

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
248,836
Steve Kantor
BEST AGENT BUSINESS - Bethesda, MD
Best Agent Business - Virtual Assistance

David, good useful advice from both buyer's views. Thanks for sharing.

Dec 04, 2014 09:56 PM #1
Rainer
82,233
Randy Kirsch
Right Trac Financial Group, Inc., NMLS# 2709 - Manchester, CT
(NMLS# 1012303) Your Dedicated Mortgage Consultant

David, this post somewhat fits in with the idea of a pre-listing inspection to determine what minor, inexpensive reapirs can be made to up the offers and what major repairs should be deferred for the buyer.  Some people need a proferssional to alert them to the objective condition of their home.  They just are not tuned into it or are too close to it.

Dec 08, 2014 01:22 AM #2
Rainmaker
799,130
Bob Ratliff
Renowned Realty - Austin, TX
"Sold with Bob"

David knowing the groups your seller would like to attract is most important. If its the buyer who doesn't mind sweat equity the seller will be selling for less. If buyer is looking for move in ready the seller should follow your suggestions and fix up their home for more return. Have a great day...

Dec 08, 2014 08:10 PM #3
Rainmaker
755,000
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

Here in Fairfield County the move in buyer far out number the fixer uppper buyers.

Dec 09, 2014 03:53 AM #4
Ambassador
1,223,416
Dagny Eason
Dagny's Real Estate - Wilton, CT
Fairfield County CT, CDPE Homes For Sale and Condo

David - so true about those categories of buyers.    Either investor who wants to pay nothing or a buyer who will pay a good price to be able to move in.   Anything in between will sit on the market unless priced to sell - low...

Dec 11, 2014 09:04 PM #5
Rainer
169,403
Richard L. Sanderson
Richard L. Sanderson Consulting - Portland, OR
helping improve local property tax systems

David: Great post! Your "quick fix list" inlcludes standard items that are important to a majority of buyers. However, if major imropvements are being considered, like additions or major renovations of kitchens and baths, the advise or opinion of a certifed appraiser may be called for.  The exisitng owner does not want over improve the property beyond what they can recapture in resale if they are selling soon after the improvements. 

Dec 25, 2014 01:13 AM #6
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
755,000

David Popoff

Realtor®,SRS, Green ~ Fairfield County, Ct
Need Help? Ask me a question.
*
*
*
*
Spam prevention

Additional Information