Should you renovate your Florida Home before Selling?

By
Managing Real Estate Broker with Regal | Christie's International Real Estate BK659279 

Should you renovate before Selling?

This is a question that I get asked frequently from sellers as I’m sure other Real Estate Professionals  do as well. 

Take a cue from the Scott Brothers; Drew & Jonathan on the HGTV hit show, "Property Brothers" who are taking on new renovation projects each and every episode, for both homes being sold and the homes being purchased. 

First and foremost, you should educate yourself about the current marketplace in your area, and the competition. 

In my personal experience, most Buyers do not want to buy a fixer-upper and if they do, they only want to purchase the fixer-upper at a substantially reduced price. 

Buyers are looking for “move-in ready” homes and will pay top dollar for them.

So my answer would be “Yes” if done correctly you should update and moderately renovate to make your home more appealing to Buyers. 

 

 

Here is a list of my suggested updates and renovations to consider prior to selling:

  • First and foremost clean, clean, and clean everything
  • Paint entire home, inside and out using a fresh color palette that is both current and appropriate for your market

·         Remove old outdated wallpaper and wall treatments.

·         Replace bathroom & kitchen faucets

·         Update the kitchen  - At the minimum paint, stain, or replace old cabinetry

·         Replacing countertops might be required to get top dollar and compete with the competition in your area

·         Replace cabinet hardware – possibly add under counter lighting – accent moldings

·         A new appliance package – All Stainless Steel  - What about the sink?

·         Replace old worn flooring – refinish hardwood floors, remove wall-to-wall carpeting

·         Replace outdated  light fixtures – dropped ceilings, fluorescent lights all date your home

·         Remove all window treatments and check windows thoroughly.  Replace any broken windows or those that are not working properly – Let the light in!

·         Maximize your space – both inside and out

·         Clean out and paint closet interiors

·         Replace or update outdated door hardware

·         Create outdoor living spaces – most buyers want outdoor living areas today

·         Pressure clean every area outside including driveways, walkways

·         New fresh colorful Plantings, and mulch – Trim overgrown hedges, bushes, trees that block the house  - Take a cue from new homes in your area

·         Update your Front Door – Replace if necessary or repaint and add new hardware

·         Replace lighting around your Front Door & Garage

·         Garage Update – Replace or paint to coordinate with your new color scheme

·         Depersonalize, and declutter the home completely

·         Clean out the garage – paint the garage floor

·         Make all necessary repairs prior to any home inspections

·         Bathrooms need updating too.  Replace or remove old shower doors, old faucets, mirrors, and lighting as well as a complete assessment of the cabinetry, counter tops, sinks, toilets etc.

 

One way or another, you will pay for these necessary renovations and updating...

 Either beforehand, or by Buyers discounting their Offers on your home.

 

The first step should be to consult with a licensed and experienced Real Estate Professional in your marketplace to compare your home to recent homes sold, and the competition currently on the market.

They will be able to advise you as to what renovations will pay off, and make appropriate recommendations.

Posted by

Regal Christie's International Real Estate  Joyce Marsh Certified Luxury Home Marketing Specialist   Joyce Marsh Institute for Luxury Home Marketing Member     Joyce Marsh Million Dollar Guild Member Institute Luxury Home Marketing  Joyce Marsh 5 Star AgentDupont Registry Elite Agent

 

Joyce Marsh, Regional Manager Florida

Regal Christie's International Real Estate

386-299-8291   JoyceMarsh@RegalRealtyOrlando.com      

www.RegalRealtyOrlando.com   

                                  

Copyright 2008-2019 Joyce Marsh.  All Rights Reserved.  Information from sources deemed reliable, but not guaranteed. Nothing contained herein to be considered legal advice, please consult your Attorney for advice. 

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Rainer
247,800
Gerard Gilbers
Higher Authority Markeing - Asheboro, NC
Your Marketing Master

You definitely want to clean everything up as you listed. Major renovations need to be weighed against the gain in value of the property.

Jun 25, 2014 03:44 AM #1
Rainmaker
172,492
Trisha Bush-LeFore
Preferred Properties Land & Homes - Walla Walla, WA
Providing Realtor Services in the Walla Walla Area

Joyce,

Great advice to those thinking of selling their home. You are so right, an outdated home does not bring top dollar. So work and investment in needed updates could mean the difference in making a sale.

Jun 25, 2014 04:41 AM #2
Rainmaker
1,060,712
Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Joyce, this is a great list!  If only all sellers would read this post and complete the list of projects!

Jun 29, 2014 04:24 PM #3
Rainmaker
1,138,915
Joyce Marsh
Regal | Christie's International Real Estate - Orlando, FL
Regional Manager Regal Christie's Int'l Realty

You are right Trisha - Making an effort to update and improve prior to selling can help a seller get top dollar and a quick sale.  

Jul 02, 2014 11:15 PM #4
Rainmaker
1,138,915
Joyce Marsh
Regal | Christie's International Real Estate - Orlando, FL
Regional Manager Regal Christie's Int'l Realty

Gerard - I think it is important for the seller to consult with their real estate professional prior to making any major improvements in order to gauge the expense vs. gains.  Thanks

Jul 02, 2014 11:16 PM #5
Rainmaker
1,138,915
Joyce Marsh
Regal | Christie's International Real Estate - Orlando, FL
Regional Manager Regal Christie's Int'l Realty

Sharon - I agree, if only they would!  Thanks for reading and commenting!

Jul 02, 2014 11:17 PM #6
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Rainmaker
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Joyce Marsh

Regional Manager Regal Christie's Int'l Realty
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