Articles

 Both buyers and sellers ask this question.  The answer is both yes and no.  Many home sellers are reluctant to improve the home stating “it was good enough for us” and most importantly, will I get my money back or more by making improvements?

The YES answer depends on the market area of the home.  If the home is in an area of move up buyers and most of the neighborhood has granite countertops and newer upscale appliances, its definitely a good idea to upgrade to what a buyer anticipates and compares of homes in that market area.   Repairs/updates will definitely shorten the days on market and repairs will shorten a long list from the home inspection.

The NO answer also depends on the market area of the home.  If the home is in the starter price points or investor grade, the answer is probably no, you will not see a $ for $ return on the cost of repairs, but it may shorten the days on market.  Many investors will say “NO” for paying for seller made repairs as investors generally prefer to do their own upgrades/repairs at a lower cost to them and investors know their rental price points for profitability.

©Renee Sommer and/or County Line Realty