Profile picture for Julie Wyss

Is it worth remodeling or upgrading a home prior to listing or is it basically a 'wash'?

  • August 25 2014 - North San Jose
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Answers (10)

For 90% of folks I'd say it's a wash at best.  The average homeowner has too many things going against them.  The right upgrades to make. The best and most economical materials to use. The cost effective contractors who actually do great work. If you can do all three things correctly you'll probably have your own series on HGTV next fall. Oh wait they already have one, it's called love it or list it.
  • August 27 2014
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   You definitely want to show your home cleaned and ready to move in. But I would not remodel it for the
   new homeowners. You should have done it for yourself to enjoy first. Let the new homeowner pick what
   they like.
  • August 26 2014
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Profile picture for aracz
Hi Julie,

I would say it depends on whether the condition of the property is at the level of nearby comparables.

Kind regards,

Arpad
  • August 26 2014
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Profile picture for SoCal Engr
My guess is that Julie's "doing research" for a "100 RE Questions and Answers" book. Look for it on Amazon in 2015...she should have enough material by then.  ;-)
  • August 25 2014
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That is really a great question!  Every scenario is different.  In some cases, remodeling may make your home over improved for the area and thus hurt your chances of recouping your money.  Other times, certain improvements may be a good idea in order to make your listing equally as appealing to the competition.  And finally, there are times when upgrading your home (like the kitchen and or bathrooms) can be profitable.  My suggestion is to start by asking your Realtor for the current as-is value versus the upgraded value of your home.  You can get a quote from a contractor on the cost of repairs and go from there.  It is not always an easy decision because there are many variables involved, but I hope this helps. Good luck with the sale of your home.
  • August 25 2014
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I really depends on what remodeling you plan to do.  Sometimes it can pay off and help get a higher price.  I would suggest you look at the other listings and closed sales in your area and look at what those homes have for interior finishes and their prices, and then compare to your home and the price you could list it for as is versus with the remodeling.  The numbers should make it apparent if it makes sense for you to do anything the the home prior to listing.
  • August 25 2014
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Profile picture for IPROX
Remodeling and/or upgrading your kitchen or baths,can give you a better return on your investment. But I would also take in consideration regular maintenance, roof, exterior paint, air conditioning,etc.. 
Many times these are over looked and you spend the money on the remodeling and/or upgrades, only to find out that the roof needed repair. Many buyers will look to see how well the home has been maintained and care for. You just want to consider these issues before you remodel and/or upgrade.
  • August 25 2014
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It's basically a loss, generally speaking.
  • August 25 2014
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There are several "upgrades" that add value to a home.  My favorites for a great return on the investment are Kitchen and Bath remodels.  You can do either a very upscale remodel to refinishing the cabinets, adding a great new countertop, a little paint and new appliances.
  • August 25 2014
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Profile picture for wetdawgs
Still working on those talking points? 
  • August 25 2014
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