If you are going to list your home - What improvements should you make

By
Real Estate Broker/Owner with Godzyk Real Estate Services NH License 033394
https://activerain.com/droplet/5mp5

I got a strange call. Last fall I interviewed for a listing. The owner choose to go with a big company agent. That agent gave her tips to increase the value of the her home. I watched for the listing but never saw it come on the market. 

 

This is where it got strange as the seller is now calling me for help. This is a basic cape style home, no garage and full but unfinished basement. It was built in the 1980's and has your basic oak kitchen and white appliances. The although dated, was extremely clean. It was ready to move in for sure.

 

The issue started with the agent telling her to replace the roof, replace the furnace and upgrade the kitchen and baths. The seller said she replaced the furnace and got the new furnace, but had to move out to replace the kitchen and bathroom. That she rented a short term rental as she needs the money from the sale of this home to buy a new home. 

 

I did not want to say it, but she has wasted more money on rent than if she would have just listed and sold the home with me last fall not doing any of these upgrades. I did not have to tell her. Her neighbor and "bingo companion" did. She also told her get released from the old listing and hire me asap. She got released and now came the call to me. She asked me to meet her at the home. The good part was the kitchen contractor did not show up, so it was left untouched. The bathroom sink and toilet were ripped out, but tub was intact. 

 

The first step was get my contractor to install a new vanity and toilet. He also would paint the interior. The flooring was in good condition. I let her know what the house was worth as is, doing nothing and what it was worth with those minor repairs. She was very happy with the proposed asking and selling prices. She was very depressed she wasted 4 months and money on the roof and furnace. Those upgrades did increase the value of the home. But, she did not have the money to spare to complete these upgrades and life suffered accordingly.

 

 

In the end, I listed her home and the work is being done. I have also started showing her new homes as no doubt i will sell hers quickly.

 

When it comes to value, yes everything you do can add value. The however is that if you are putting in $30,000 in work to get back $35,000 in return, it may not be the best decision when selling as is could have saved 4 months and got you into your new home sooner.

 

I like to give the following advice too. Roof, siding windows for exterior. Kitchen, bath, flooring and interior paint for the inside. There is no reason a listing agent can not give you an estimate on cost, an estimate of what your house is worth "as is" before work. AND... what the home may be worth after the work. The size of the home, the location of the home and current condition all affect value as well. 

 

That every Buyer or Seller should not choose just any agent, choose the BEST agent for the job. Having an agent that works for you is a must. 

 

My philosophy is simple, provide more personal and professional service to guide my clients through each step of the buying or selling process. All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest. Those that hire me, find a dedication like no other.

 

To CONTACT Scott Godzyk please call 603.661.2121 or EMAIL: Sctprop@aol.com .

 

About the Author: Scott Godzyk is the Owner/Broker of the Godzyk Real Estate Services in Manchester NH. Proud to be locally owned and operated with 34 years of experience, Scott is a leading Agent for Listing and Selling Homes in this area.We are Full Time Agents ready to serve all of your Real Estate needs. Servicing Hillsborough, Rockingham, Merrimack and Belknap counties. 

 

    

 

 

 

We stand by you through every step in selling your home
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Topic:
Home Selling
Location:
New Hampshire Hillsborough County Manchester
Groups:
Realtors®
Bananatude
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Rainmaker
3,445,357
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Good morning, Scott... sad that this lady got "taken to cleaners" based on bad advice from an agent... makes us all look bad.

Feb 19, 2020 04:05 AM #14
Ambassador
2,011,410
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

We are listing a condo on April 1st. We met with the sellers on Monday - it's the former house of their 100 year old mom. The house is bright and light and open, but it's dated. We discussed the the update versus " as is" - since the values in that complex are pretty well set, it makes little sense to spend 5K to make $500 more. They live in Seattle too, and while we can handle all the details for them, it still makes little sense to do much to the unit. The new owners can decide what they want to do post sale. 

Feb 19, 2020 06:34 AM #15
Ambassador
4,164,150
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Feb 22, 2020 07:17 PM #16
Rainmaker
2,136,762
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Scott Godzyk - what a shame.  That agent gave her terrible advice.

Feb 23, 2020 06:31 AM #17
Rainmaker
1,557,519
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

You definitely know your market, including what an "as is" home might get, and what it could get if fixed up. Anyone wanting to sell in Manchester NH should call you!

Feb 23, 2020 06:46 AM #18
Rainmaker
3,921,732
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Scott Godzyk ,

Good grief! Time is money and so glad this seller gave you a call. She made the right decision just like so many other sellers have!

Feb 23, 2020 07:36 AM #19
Rainmaker
2,173,546
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

I would not recommend a seller move out and pay rent to make such drastic improvements. What a shame she got such bad advice.

 

Feb 23, 2020 12:42 PM #20
Rainmaker
3,157,598
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Yes i always hate to hear anything like that Nina Hollander 

Feb 23, 2020 03:16 PM #21
Rainmaker
3,157,598
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I so agree Debb Janes EcoBroker and Bernie Stea JD and why i feel it is important to go over both options with my sellers. 

Feb 23, 2020 03:16 PM #22
Rainmaker
3,157,598
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Thank you for the honor Kathy Streib 

Feb 23, 2020 03:17 PM #23
Rainmaker
3,157,598
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Yes Grant Schneider and why i would like to reach sellers before they choose

Feb 23, 2020 03:17 PM #24
Rainmaker
3,157,598
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Thank you for the comment and kind words Kat Palmiotti 

Feb 23, 2020 03:18 PM #25
Rainmaker
3,157,598
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

That is what i said Dorie Dillard CRS GRI ABR 

Feb 23, 2020 03:18 PM #26
Rainmaker
3,157,598
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Exactly Sharon Tara, it is extreme 

Feb 23, 2020 03:18 PM #27
Ambassador
4,205,061
Jeff Dowler, CRS
eXp Realty of California - Carlsbad, CA
The Southern California Relocation Dude

Hi Scott:

Too bad the seller took the route she did rather than listing with you to begin with. Some improvements are simply not worth the month (and perhaps limited ROI). It depends, of course.

Jeff

Feb 23, 2020 05:19 PM #28
Rainmaker
1,602,109
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

This is the first time I've heard that the conractor not showing up was a good thing!

Too bad she started with the wrong agent, but good for you for rescuing her.

Feb 25, 2020 08:27 PM #29
Rainmaker
503,517
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Congrats on this Featured post!  It's really too bad that this seller started off with the wrong agent.  She should have talked with you first.  You would have been my choice on the first round! Thanks for sharing!

Feb 26, 2020 05:19 AM #30
Rainmaker
571,836
Mary Hutchison, SRES, ABR
Better Homes and Gardens Real Estate-Kansas City Homes - Kansas City, MO
Experienced Agent in Kansas City Metro area

Well this seller should bring you many referrals in the future!  So often those big big agencies--it's all about volume and how they can blanket the market with yard signs, billboards, commercials, etc.  YOU had the seller's best interest in mind FIRST.

Feb 27, 2020 04:59 PM #31
Rainmaker
1,008,976
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Wow - what a waste of money.  Poor client.  Good thing she called you!

Mar 02, 2020 07:12 AM #32
Rainmaker
403,163
M.C. Dwyer
Century 21 Showcase REALTORs - Felton, CA
MC Dwyer-Santa Cruz Mountains Property Specialist

Gosh - it's as if that other agent wanted to sell a new house!   Hers was a risky strategy:   Some upgrades may NOT even return a full $1 for $1.    And, Markets can change direction quickly, and during the time consumed for a major remodel, factor in the rental cost - wow.       Glad she found you!

Mar 02, 2020 10:39 AM #33
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