Don't Remodel Your Home If You Selling Soon!

By
Real Estate Agent with William Pitt Sotheby's International Realty CT RES.0783448

Often, I am asked by seller's if they should do any work on their home before putting it on the market. There are several reasons I believe you shouldn't do anything:

  • Your taste in style might be different then buyers.
  • Renovations to kitchens and bathrooms can cost a lot of money, which would reduce your down payment on your purchase. Even if you finance out the renovation, it will effect not only your credit score, but also your debt to income ratio.
  • There are often delays or hidden surprises in the course of remodeling, which can take more time & money to fix, and would delay how soon the house can hit the market.
  • You might not be able to enjoy the upgrades, once they are completed.

I say don't do anything expect:

  • Fix the items which are broken (damaged trim, baseboards, window panes,etc)
  • Get together documents relating to your home (survey, receipts for repairs (roof, septic pumps, etc), warranties, manuals, past years of utilities bills)
  • Re stage rooms for intended purpose
  • Get rid of or donate things you haven't used/don't need that take up space. Buyers will be pay top dollar if they think all of their stuff can fit & them some in your house.

 

Posted by

Jonathan Hall-Realtor Serving Greater Danbury & Candlewood Lake with William Pitt Sotheby's International Realty
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This information is provided by Jonathan Hall,Realtor  with William Pitt Sotheby's International Realty in the Greater Danbury & Candlewood Region of CT. For additional information, please call him at 203-417-0523,203-796-7700X305 or email me at danburyrealestate@gmail.com . Unless indicated, all content is the property of Jonathan Hall. If you would like to use any of this information, please contact me for permission. He is a licensed CT Salesperson License #RES.0783448 with William Pitt Real Estate LLC License # REB.0751698. His office is located at 112 Federal Road,Danbury CT 06811.

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Anonymous
Laura

I understand the point you are making, Jonathan, but I don't totally agree not to do any updating or upgrading. I do agree that sprucing up, decluttering, and staging are all crucial elements that must be done. However, there is much that the homeowner can do to modernize and enhance the look & feel of a home without having to spend a lot on major remodeling. Start with curb appeal by cleaning up and cutting back foliage (or adding plants, if needed), and an impressive front door helps alot. Earth tone exterior paint and bright, neutral tones inside will do wonders. Worn out or multiple floor surfaces should be addressed--there's nothing like stunning, continuous floors when you first walk in (although this element can get expensive). New faucets & fixtures can do wonders for the kitchen & baths, as can new appliances (you can't go wrong with a stainless steel finish). Especially in today's market, a home must stand out from the crowd, but at the same time homeowners must focus on high-value-added projects that are appropriate to their market and neighborhood. There's a lot more detail at http://TransformYourHouse.com/blog

 

Jan 05, 2009 05:18 PM #1
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Jonathan Hall

Realtor - Danbury,CT Area Real Estate~203-417-0523
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