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What updates are worth it?
We're thinking of selling our condo. There are some things that are outdated or that could be updated. We don't want to waste our money on things that don't matter, but also want our condo to sell for the best possible price. So, what updates are worthwhile?
Asked By Hudson A | Denver, CO | 487 views | Remodeling | 1 year ago
Answer(8)
Tania Gardere MacLeod
EXP REALTY LLC
I’d always encourage sellers to start with anything that is needing repairs, stained, cracked, leaking, etc. having a home that is in great shape is bette Ethan having a kitchen remodel but deferred maintenance everywhere else.
Roof, windows, hvac, water heater, siding, deck, wood rot, etc. always start with those.
If the home is in excellent shape but needs some updates…. I’d start with the kitchen. It’s the heart of the home… then outdoor space - landscape, deck, outdoor entertainment space… then back inside for bathrooms… fresh paint is always the top ROI!
- 1 year ago
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Dave Carney
Abbey Realty, Inc
Kitchen remodels return 85% of investment - which means a 15% loss, However, updating and upgrading make homes stand out against the competition and make homes more desirable. Be careful when considering upgrades. Make sure the condo is super clean and freshly painted. A well done paintjob is a great investment.
- 1 year ago
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Steven Hunt
Real Broker NY LLC
Kitchens and bathrooms. Paint as well.
- 1 year ago
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Stephanie Biello
Biello & Black Group
When considering what updates are worth investing in, it is important to take into consideration the overall condition of the condo and your target market. It may be beneficial to invest in projects that will have a lasting impact on your home’s value, such as updating outdated appliances or fixtures, making cosmetic improvements (e.g., painting, replacing countertops or flooring), or tackling more elaborate projects such as expanding the space. Additionally, you may want to consider ways to make the home energy efficient, which could also add value for potential buyers. Ultimately, it is wise to consult with a local real estate agent to gain insight on what upgrades could help your property stand out and maximize its selling price.
- 1 year ago
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Melissa Key
Woodland Realty, Inc.
Updates can be tricky. You are wise to reach out to professional realtors/brokers for advise. So much depends on your immediate market area and the competition within the market. For example, if your property only needs relatively inexpensive cosmetic upgrades it very well may be worth the investment. Do allow Fast Expert to help you find an experienced professional to help you, and do your homework when interviewing different agents. Experience definitely matters and it matters more now more than ever in a market that is changing every day! A seasoned Broker who successfully survived 2008/2009 will be well equipped to advise you in this current enviroment.
- 1 year ago
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Agni Mitra
Keller Williams Arizona Realty
In most cases, any upgrades unless the condo is in a terrible shape do not yield a good ROI. Decluttering and a good deep clean followed by painting would yield the best return and help sell your property fast as it would stand out more. If you really want to do some upgrades, spend it for things you can do in the kitchen and bathrooms as those yield the best returns. However, as with most things, get some advice from your real estate agent. For great agents in your neighborhood look them up at this site:
https://www.fastexpert.com/rsp/agni-mitra-78257/
Good luck!
- 1 year ago
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Kristen Adams
RE/MAX GOLD
The best return-on-investment updates are updates to kitchens, baths, and floors. The simplest and least expensive updates that make a big difference are painting and cleaning/decluttering.
- 1 year ago
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Jennifer Leche
RE/MAX Properties East
Market conditions in your area will dictate what is considered egregious and what is considered passable. As the market changes and shifts towards a more buyer friendly market place, take the opportunity to reach out to your local realtors to discuss their opinions about what needs to be changed. Consider having an open house for agents. Feed them lunch and ask their opinion. Then you can find an agent that you trust - who has professionals to handle the job on hand and can help you sell your place.
btw, Painting your ceiling is the least expensive way to brighten your entire space. Good luck!
- 1 year ago
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What updates are worth it?
We're thinking of selling our condo. There are some things that are outdated or that could be updated. We don't want to waste our money on things that don't matter, but also want our condo to sell for the best possible price. So, what updates are worthwhile?
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