Mistake Number Four
Most Homeowners Do “Too Much” Or Don’t Do Enough Remodeling: Should you remodel/upgrade the kitchen and bathrooms or just reduce your price? Ask yourself, do you share the same taste for design and decorating as your neighbor? What are the chances that a prospective buyer will share your tastes and style? How much time and money are you willing to spend to make repairs in “hopes” that it will yield a higher selling price? Will you do the work yourself, or hire contractors. Generally speaking, investing in your Kitchen and Bathrooms will yield a higher re-sale price, but it is possible to “overdo it” when it comes to remodeling. And depending on the specifics of your market, it may be wiser to sell your house “as is” in exchange for a reduced Listing Price. On the other hand, most buyers DO expect that the house they are purchasing will be in “move-in” condition at Closing. This doesn’t have to mean a complete renovation though. A professional paint job, new carpets, and moderate landscaping efforts can go a long way to increase your “curb appeal” to prospective buyers. If you stay conservative, and do not “blow your budget” on a huge remodeling project, then you can pass those savings on to a Buyer. If you do decide to hire contractors, be sure to do your due diligence before hiring them.
Most Homeowners Do “Too Much” Or Don’t Do Enough Remodeling: Should you remodel/upgrade the kitchen and bathrooms or just reduce your price? Ask yourself, do you share the same taste for design and decorating as your neighbor? What are the chances that a prospective buyer will share your tastes and style? How much time and money are you willing to spend to make repairs in “hopes” that it will yield a higher selling price? Will you do the work yourself, or hire contractors. Generally speaking, investing in your Kitchen and Bathrooms will yield a higher re-sale price, but it is possible to “overdo it” when it comes to remodeling. And depending on the specifics of your market, it may be wiser to sell your house “as is” in exchange for a reduced Listing Price. On the other hand, most buyers DO expect that the house they are purchasing will be in “move-in” condition at Closing. This doesn’t have to mean a complete renovation though. A professional paint job, new carpets, and moderate landscaping efforts can go a long way to increase your “curb appeal” to prospective buyers. If you stay conservative, and do not “blow your budget” on a huge remodeling project, then you can pass those savings on to a Buyer. If you do decide to hire contractors, be sure to do your due diligence before hiring them.
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