Friday, May 14, 2021 / by Barbara Oleska
STOP! Don’t Spend $$ updating your home until you know What a Buyer Wants!
Did you know that…
Homes that advertised higher-end kitchen and bathroom amenities sold for more than otherwise expected in 2020.
Self-admitted fixer-uppers sold for almost 13% less than expected.
Many higher-end, custom home features are associated with slower sales.
The first point might seem obvious, right? But (and that’s a big BUT), there’s catch that ties into the third point. When remodeling, if you don’t plan to sell for 10 years, then do whatever you like because once it’s time to sell, your home will be due for a remodel anyway; however, if you think you’ll be selling sooner, it is better to keep future buyers in mind so to appeal to as many of them as possible. Get what you like, just know that if you go too personal, your buyers may not see your new kitchen as desirable and that will hurt the sales price of your home. Also, keep in mind the price point of your neighborhood. I once showed a home with a drop dead, gorgeous Italian, c ...
Homes that advertised higher-end kitchen and bathroom amenities sold for more than otherwise expected in 2020.
Self-admitted fixer-uppers sold for almost 13% less than expected.
Many higher-end, custom home features are associated with slower sales.
The first point might seem obvious, right? But (and that’s a big BUT), there’s catch that ties into the third point. When remodeling, if you don’t plan to sell for 10 years, then do whatever you like because once it’s time to sell, your home will be due for a remodel anyway; however, if you think you’ll be selling sooner, it is better to keep future buyers in mind so to appeal to as many of them as possible. Get what you like, just know that if you go too personal, your buyers may not see your new kitchen as desirable and that will hurt the sales price of your home. Also, keep in mind the price point of your neighborhood. I once showed a home with a drop dead, gorgeous Italian, c ...
