Many sellers are redesigning their condos to help them sell quickly, but there are things to consider before embarking on a remodeling project.
Selling limits: The price your condo will sell for is largely tied to the sales price of units sold recently in the same building. Remodeling may not give you a sufficient edge.
Age matters: Condos built in the last 10 years may still look good. Ask your real estate agent about remodels in your building and their returns on investment.
Know your buyers: Focus on changes that most young professionals are likely to be looking for, as, in most cases, they will be your target buyers.
Smart touches: Inexpensive extras often make a bigger impact than thousands of dollars spent on fixes. Don't disregard the value of a gleaming clean, decluttered, spacious-seeming interior.
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