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Renovations Resolution, Happy New Year!
Renovations Resolution, Happy New Year!

 
Saturday, January 09, 2016
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Last year was a very busy year in real estate and I was pleased to represent many sellers, some of whom had updated units and some in original condition. I found that buyers are willing to pay a little more – even above the comps - for a totally renovated unit, whereas they want a discount for one in need of renovations. Many sellers ask me what updates they should make before placing their home on the market. It is rare that a seller will recoup the cost of updating a home specifically to sell, since a buyer probably will not like what is done. However,  simple updates are cost effective and really make a difference. Below are some of the best cost effective renovations that will generate a higher sale price. Resolve to make these changes and then call me to sell your home!
 
1.      Remove wall paper and mirrors and smooth the walls

2.      Remove ceiling popcorn and skim coat the ceilings

3.      Paint the residence with a neutral updated paint color

4.      Update electrical panel to current code

5.      Replace kitchen and bathroom cabinet hardware

6.      Replace outdated fixtures with more modern ones

7.      Replace old carpet with a new inexpensive version.

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