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We are definitely going to put new knobs on the kitchen cabinets...
New microwave and dishwasher to replace the old ones.
Paint the place top to bottom.
This is plain vanilla "spruce it up for selling" work that all properties need.
It's about getting the $322,000 offer sooner than the neighboring property will.
But it won't get you appreciably more.
Do it.
The floors are in great shape, laminate in all areas except for bathrooms and kitchen which have nice-looking neutral tiles.
We are definitely going to put new knobs on the kitchen cabinets, but otherwise the cabinets are nice.
A realtor came in and she wants us to pay her $1800 to 'stage' it , including bringing in new table lamps for the living room etc. Those do look dated. However, I think we should save that money and buy new table lamps ourselves and mostly declutter. Dad's furniture is all mid-century Scandanavian----and I do mean all, every room---so it actually looks modern and photographs well, so it doesn't look 'old' and fussy.
New microwave and dishwasher to replace the old ones.
Paint the place top to bottom.
If you have nice floors and cabinets I would consider freshening up the kitchen by replacing the countertops with granite (not as expensive as you think), knobs and appliances. I would also give it a fresh coat of paint. Small changes like that can net you good money. The same for the bathroom. A new sink/vanity and a coat of paint can really freshen up a dated bathroom without costing a busload of money.
Condo buildings can be very very weird -- units with the wrong views will NEVER fetch the kinds of prices that places with "premium sight lines" do. If you spend money doing a "half way" upgrade and the real high end buyer rips it out you just feel sorta stupid BUT if your "upgrades" scare off the flippers that really only want sad outdated PREMIUM location units then you are stuck in a never- neverland between the low balling flippers and the high dollar ready-to-move-in penthouse buying demographic...
While i gnerally agree that for most situations the inexpensive / cost effective updates will help sell faster / at a better price I also have seen with my own clients that foolishly tried to "put lipstick on a pig" that some "cover-ups" end up hurting the ultimate net profits for properties that would have otherwise attracted a value minded investor or flipper.
Condo specialist listing agents should be consulted. Ideally the same agent / team of agents that helped another unit in the same building sell for quite a premium ought to be more the eager to explain ALLL THE DETAILS that factored into one unit selling for over half a million dollars while others sell in the three hundred grand range...
Quote:
Originally Posted by Momma_bear
If you have nice floors and cabinets I would consider freshening up the kitchen by replacing the countertops with granite (not as expensive as you think), knobs and appliances. I would also give it a fresh coat of paint. Small changes like that can net you good money. The same for the bathroom. A new sink/vanity and a coat of paint can really freshen up a dated bathroom without costing a busload of money.
Condo buildings can be very very weird -- units with the wrong views will NEVER fetch the kinds of prices that places with "premium sight lines" do. If you spend money doing a "half way" upgrade and the real high end buyer rips it out you just feel sorta stupid BUT if your "upgrades" scare off the flippers that really only want sad outdated PREMIUM location units then you are stuck in a never- neverland between the low balling flippers and the high dollar ready-to-move-in penthouse buying demographic...
While i gnerally agree that for most situations the inexpensive / cost effective updates will help sell faster / at a better price I also have seen with my own clients that foolishly tried to "put lipstick on a pig" that some "cover-ups" end up hurting the ultimate net profits for properties that would have otherwise attracted a value minded investor or flipper.
Condo specialist listing agents should be consulted. Ideally the same agent / team of agents that helped another unit in the same building sell for quite a premium ought to be more the eager to explain ALLL THE DETAILS that factored into one unit selling for over half a million dollars while others sell in the three hundred grand range...
The $550,000 condo is 6th floor, two above my Dad's 4th floor condo, nearly identical sightlines -- but usually the higher you go the more expensive. The entire building is 7 stories.
It's rare for homeowners to recoup their investment when they do major upgrades, let alone come out ahead. Stick to cleaning, de-cluttering and making cosmetic repairs--painting is the best. Even if you make major upgrades, some people will not like your choices and would have preferred to do the upgrades themselves. Keep your life simple by not getting bogged down in major upgrades. Replacing the microwave and dishwasher sounds fine.
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Still gotta be careful...
