Remodel Or Update Before Selling Your Home

By
Real Estate Agent with Premiere Property Group,LLC Portland Metro & Suburbs Oregon

Remodel Or Update Before Selling Your Home

One of the questions I get asked often by sellers is if they should remodel or Remodelingupdate a kitchen or bathroom before selling. While there are never any guarantees that a seller will recoup the money spent, sometimes updating will be the best way to go over a complete remodel.

Here in the Portland Metro area, according to Remodeling"s Cost vs Value report for 2014, a minor midrange kitchen remodel (around $22K) can recoup 104% while a major kitchen remodel (around $62K) with only recoup 89%. An upscale major kitchen remodel (around $120K) fares a bit less at 79%.

When it comes to bathrooms, a midrange bathroom remodel (around $19K) will recoup 92% and an upscale remodel (around $57K) is estimated to recoup 81%.

Should you remodel or update before selling your home? Here are the *top three projects in the Pacific NW that are estimated to recoup the most:

The *top three projects that are estimated to recoup the least:

Since there are also some variables to consider like location and your financial situation, it's a good idea to have a knowledgeable real estate agent out and discuss all of your options before doing any updates or remodeling if you're considering selling.

 * Taken from the Remodeling"s Cost vs Value report for 2014 report

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Knowledgeable, Approachable, Service Oriented

Cindy Westfall ABR,GRI

Premiere Property Group,LLC

5000 Meadows Rd., Ste. 150, Lake Oswego, OR 97035

Cell: 503-819-5241      

E-Mail: cindy@cindywestfall.com

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Disclaimer: All views on my blog are my own and may not reflect that of Premiere Property Group. All pictures and content are my own unless otherwise noted. Please No Copying without my permission.

 Cynthia Westfall is licensed in Oregon State

 

Comments (7)

Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Having a knowledgeable Real Estate Agent looking over what needs to be done before you sell does pay off! Thank you for this post and the list on what is most important and what is least.

Feb 12, 2014 11:41 AM
Rob D. Shepherd
Windermere/lane county - Florence, OR
Principal Broker GRI, SRES

Here at the coast NO garage is a bad thing, that is the one thing where our numbers might end up different.

Feb 12, 2014 08:51 PM
Debbie Holmes
John L. Scott - Boise, ID
Gets the job done!

That is sort of what I thought.

Feb 13, 2014 11:56 AM
Maureen Bray Portland OR Home Stager ~ Room Solutions Staging
Room Solutions Staging, Portland OR - Portland, OR
"Staging Consultations that Sell Portland Homes"

Hi Cindy ~ every year I print out this report and keep it with me when I'm meeting with sellers to help them decide which updates have the best ROI.  It's a great resource!

Feb 13, 2014 05:29 PM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Great advice....all dressed up and ready to sell putting your best house forward will catch the eye of the market.

Feb 13, 2014 06:04 PM
Jill Sackler
Charles Rutenberg Realty Inc. 516-575-7500 - Long Beach, NY
LI South Shore Real Estate - Broker Associate

I find it interesting that the less involved remodels will recoup more money. It just reiterates that there is a limit to how crazy you should go.

Feb 23, 2014 01:08 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Cindy - You are right. It is important if needed to remodel or update a home before placing it in the market. Excellent blog.

Feb 23, 2014 06:07 AM