TO REMODEL OR NOT TO REMODEL AND WHEN?
December 10th, 2008 categories: Market Trends, Selling
Many sellers have asked me about do-overs for kitchens and bathrooms and the advisability of replacing carpeting with hardwood floors before listing their property. Unless the kitchen and bathrooms and carpet are really, really GROSS, gross beyond belief, my advice is always DON’T. It just doesn’t make any sense at all to remodel to sell–if remodel you must, then do it for YOU, not some stranger who may not like the granite or appliances or the wood stain. Do it in time to enjoy the new whatevers before selling.
Just think about it, remodeling is expensive and time consuming, it can take from weeks to months for new materials to just arrive at your home. Right now we are in a declining market. It is very possible that you won’t recover the cost of the do-over. To my way of thinking it is better to adjust the price of the home to account for carpet and an older kitchen and older bathrooms than to try to raise the price by remodeling. Let the buyers decide what THEY want to do.
If you would like me to come take a look at your home and give you my impression–please call me at 312-981-2360 or e-mail me.
Related articles: How to Get the Buyer and Seller Together on Price, 12-08, How Not to Sell How to Sell Your Home, 11-08, Agents May Say “NO” to a Listing, 11-08
This entry was posted on Wednesday, December 10th, 2008 at 1:48 pm and is filed under Market Trends, Selling. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
