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what should we do to sell a home that has had very little upgrading from it's original 1940's constr

because of heath my mom must move from her home she bought in the late 1940's. should we sell it as is ( has original windows, furnace etc. ) or is it worth upgrading before selling?
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December 02 2012 - Sunnybrae
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hi, some upgrading is worthwhile and adds value, but you can also sell as is if you don't want to put more money into the property...$Good Luck$
Flavio Tejada
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May 14
Hi,

Are there homes of the same era being torn down and new construction in the area? If that is a local trend, then maybe it is worth selling it as-is to an investor.

Kind regards,

Arpad
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May 08
I would recommend that you obtain your own home inspection for about $400.00. Next only fix the health and safety items. Then have a home stager offer suggestions to make the home more attractive. This way you will obtain the best price for the least of money investment.
Best of luck,
Kari McCoy 
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May 06
Excellent & common question!  You may have already sold the house in that case congratulations.  To answer your question every home will sell in this seller's market we have been experiencing in the past year and a half.
As some of the other responses indicated one option would be to sell it as or at least take care of the major issues after a pre listing home inspection identifies the serious issues.
The other option would be to update the home to today's standard and design and sell it much easier faster and for higher price.
I recently consulted a new client in the same situation as you were and gave them the same two options and they choose to go ahead and update the house first and sell it.  In their case there was a $400 k difference between the price of an updated home and the one without based on the most recent comparable homes sold in the area.  The cost of their investment would be around $100 to $150 K.  I hope this would help.
Wish you and your mom all the best!
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June 12 2013
Sell as is and price at market value.
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March 05 2013
I recently ran some numbers for a client of mine. They bought a 3 bedroom, 1 bath home and were thinking about remodeling. If they added a second bathroom to the house it would on average make the house sell for $75,000 more.

Some upgrading can be very worthwhile...

The other part of the decision is does someone have time to manage the upgrades?

Talk with a realtor that can evaluate your home.

Best wishes, Juliana Lee
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December 10 2012
Great question!  I wouldn't do so considering the market we're in.  The fact is is that its a sellers market and those features you described shouldn't disway most buyers.  Because of the lack of inventory, there really isn't much the buyer can do in this case as there isn't a lot else to choose from.
The only thing I would suggest is perhaps looking into a stager to do some light work into the home to help off set any drawbacks the age might present. 
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December 04 2012
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I would not replace appliances, especially with stainless steel ones (which are quickly going out of fashion).
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December 04 2012
As a Home Inspector, I would say get a Pre-listing Inspection. The Inspector can go through the home and be able to give you advice on what if anything is wrong. And you can decide how much money you want to invest to recoup. My background includes Kitchen Designing and Remodeling, and I would say NOT to purchase new appliances to place amongst old outdated cabinets as it will look like a patch. In for a penny, in for a pound. A kitchen remodel used to bring an 80% return on investment, but when the housing market tanked it doesn't give as much of a return, and depending on what your competition is offering, is part of the real estate agents service when going over the listing price and marketing.
If you do make updates, make them count. Kitchen, Bathroom, Mechanicals (Furnace, Hotwater Heater, Central AC), Roof. Windows.
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December 04 2012
My suggestion would be to sell as is and price it well for a quick sale.
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December 02 2012
Yes, have a Pre-Listing inspection done so that you can address all repair issues. This is one of the number one problems with older homes. It's more important that everything be in good working order, clean, and up to code then doing an expensive remodel.
I would , however, replace all the kitchen appliances with new stainless ones (dishwasher, stove, hood, microwave)so that the home has appeal to today's buyers.
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December 02 2012
First of all have a home inspection to ascertain any issues with the  property.  Secondly, call a few listing agents and ask them for a comparative market analysis.  Once you have those two things at hand then you will be able to make a decision.  Best wishes to your Mom.
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December 02 2012
Knowing what nicely updated homes can sell for in your area, I would think it may very well be worth doing some updating as well as having any necessary (Section 1) termite repairs completed). Replacement windows in particular can be a very cost-effective improvement.

Before you do anything, you really do need to connect with a good Realtor who is familiar with the San Mateo market and who sells homes there. If you want to contact me off-line (you can click on my photo for contact details), I will be happy to refer you to a good agent.
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December 02 2012
I recommend getting a few inspection first, before making that determination. For example, you could get a home inspection and a pest inspection. The two resulting reports would tell you about any termite damage, dry-rot or fungal damage, any potential problem areas (structurally), as well as the functionality of the plumbing, wiring, heating and all appliances.

Selling as is or trying to compete with average to good condition homes is a big decision that will affect your overall success. If your home is less than 2000sqft, you should be able to get both of these inspections for less than $800, and they will give you a pretty accurate picture of what you have to work with. This will make that decision a lot easier to make!

David
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December 02 2012
Sorry about your mom...

As with most things in real estate -- it all depends. If you need to maximize the selling price you can do upgrades however, if it entirely original, it may be cost prohibitive to do the improvements.  There are a lot of inexpensive, cosmetic fixes that you could do to increase a sales price and assuming all the original features still work, you shouldn't need to address the major fixes.  

Our current real estate market is really strong.  It could be better to take advantage of current market and forego the improvements.  It's best to have a Realtor come in and give you a straight forward cost v. benefit opinion before you decide to put any money in to the property.
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December 02 2012
There is no way for us to answer that not knowing the costs and the benefits of doing it. I would call in a couple Realtors to give you some suggestions and get a couple estimates to replace things and see where you go from there.

Tim
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December 02 2012
 
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what should we do to sell a home that has had very little upgrading from it's original 1940's constr
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