The open houses traffic was extremely slow for me this weekend. While I was sitting in one vacant house I had just listed, I took the time to really evaluate the property. All of a sudden I found myself making a to-do list. I was sitting there thinking - if we paint this room and change this carpet, if we change these fixtures and update the cabinet hardware, etc.
When I was finished, I put a dollar value to each item. Using carpet remnants and getting some free paint from the county recycle center, I estimated that the updates will cost a little under $2K. I also estimated that the updates would add about $10K to the sale price.
Once I saw it on paper, I could see that it would make sense to do all of these updates. Now I have to take my written recommendations to the owner. If he sees it my way and allows the updates, I will have them completed within two weeks. I have a list of contractors and suppliers I use regularly. It's the same list I give to my clients (especially first time home buyers and relocation clients).
I'll change my website pictures and have another open house in two weeks. Let's see if it makes a difference.
Take care.
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