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Old 11-10-2007, 11:20 PM
 
Location: CT
27 posts, read 80,988 times
Reputation: 14

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We're going to put our 4 BR 2.5 bath colonial on market in 1 year in FAirfield CT which is still a pretty hot market. Should we remodel 1969 bath? it's really outdated. would cost around 8,000. The house would go on market for around 749,000. Any help with this very welcome.
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Old 11-10-2007, 11:23 PM
Status: "Open for work" (set 27 days ago)
 
Location: Just south of Denver since 1989
11,825 posts, read 34,407,531 times
Reputation: 8965
what have other seller's of houses that have recently sold in your neighborhood done?

what are the buyer's expectations for this area and price range?
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Old 11-11-2007, 09:11 AM
 
Location: NW Atlanta
1,372 posts, read 5,207,848 times
Reputation: 452
Quote:
Originally Posted by webbster View Post
We're going to put our 4 BR 2.5 bath colonial on market in 1 year in FAirfield CT which is still a pretty hot market. Should we remodel 1969 bath? it's really outdated. would cost around 8,000. The house would go on market for around 749,000. Any help with this very welcome.
If I am going to purchase a $750,000 home I would expect to see alot of bells and whistles...not a 1969 bathroom yes you should do it
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Old 11-11-2007, 09:23 AM
 
51 posts, read 194,331 times
Reputation: 36
We just bought a 4 BR 2.5 bath colonial in Fairfield County, and I will tell you that there were so many houses with updated baths, that the ones without quickly fell to the bottom of the list...
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Old 11-11-2007, 12:07 PM
 
Location: LEAVING CD
22,974 posts, read 26,985,414 times
Reputation: 15645
Kitchens and baths sell the house... The big question for me would be really look at the house, like you were going to buy it and honestly ask yourself "would I pay that kind of money for this with the old room(s)"? Especially with your competition in mind.
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Old 11-11-2007, 12:39 PM
 
Location: Vacation central.. :)
882 posts, read 3,536,060 times
Reputation: 458
The $8 remodel will MORE than pay for itself in helping sell your home quicker than it likely would with an outdated bath...
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Old 11-11-2007, 02:38 PM
 
Location: NJ
2,210 posts, read 7,022,740 times
Reputation: 2193
Quote:
Originally Posted by dncngrl1964 View Post
If I am going to purchase a $750,000 home I would expect to see alot of bells and whistles...not a 1969 bathroom yes you should do it
Agreed, especially in the tri-state area, buyers are really unforgiving right now if they feel in that price range that sellers are taking advantage.
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Old 11-11-2007, 02:55 PM
 
Location: Major Metro
1,083 posts, read 2,292,171 times
Reputation: 364
At a price point like that, you should definitely consider remodeling the bath. Keep in mind that a buyer will overprice what it takes to remodel and/or repair a home so in the buyer's mind that $750K price is really $765K to them because they're going to have to remodel that bathroom (say $15K in their mind vs. 8K). Homes that have updated baths and kitchens will of course appear to be a better value until you get the price down so low, it makes up for what they believe they would spend in remodeling (which as I shared is often more costly in their minds).
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Old 11-12-2007, 01:23 PM
 
Location: CT
27 posts, read 80,988 times
Reputation: 14
Thanks everyone--we're going to remodel and enjoy the new bathroom the year we have left here!
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