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What about making major updates or upgrades before I list?
The 3rd of 12 posts in a series of Frequently Asked Questions about the real estate process from the sellers' point of view.
Answer - Well there are two areas in that question that need different approaches. If there is a major defect, such as major foundation settling that is causing major cracks, I’d say get that fixed or be prepared to make a major concession on price. There are several companies that can give you an estimate for any and all repairs that your house may need repairs, it is important that you know what the costs of those jobs would be, so that you have a firm negotiating position for any price concessions that you may have to make. That is probably another reason to have that Home Inspection done before you list, if you know that there are major issues.
Other things are really issues of aesthetics. For such things as an ugly tile in the bathroom or kitchen or really bad wallpaper on the walls of a bedroom don’t do anything. I’d advise that you only fix those things that can be done cheaply and mostly with “sweat equity” (such as re-painting a room). The other items ... more
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