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