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Old 03-02-2014, 10:46 AM
 
Location: Austin, TX
4,760 posts, read 13,825,153 times
Reputation: 3280

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We are going to sell our house in New Territory in Sugar Land. We have never upgraded the kitchen or bathrooms or flooring as most of our neighbors have done.

When you are shopping for a home, how would you feel about a lower price for a home vs. a higher price for upgrades being done?

I'm just curious to get feedback from real people before a Realtor tells me 100 things we should have done already.
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Old 03-02-2014, 10:56 AM
 
388 posts, read 686,600 times
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We live in Sugar Land. I would never consider buying a home I would have to upgrade myself when there are plenty of new homes being built. So what if it's "cheaper"? It would mean I have to upgrade as soon as I move in just to get what other homes already have.

Some might be fine with it though. Some people truly do not care. I am not one of those people and neither are friends the same age. We are in our mid 30's.
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Old 03-02-2014, 11:30 AM
 
2,480 posts, read 7,138,281 times
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I personally wouldn't mind it as I could put in what wanted. But I would say most people WILL mind, and have a hard time seeing past the work that would need to be done, even for way less $$. It isn't like they are on Property Brothers and have a general contractor right there describing in detail what potential is there. Heck, people have a hard time getting past paint colors! Your best bet would be to have an investor buy it and flip it if you don't want to put in the upgrades yourself.
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Old 03-02-2014, 11:33 AM
 
Location: Charleston Sc and Western NC
9,273 posts, read 26,491,966 times
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I think it would be fine if this was an older neighborhood in the city. Buyers there seem to like to update to their own taste, and have the " latest thing," vs. something a few years out of style, as well as someone's else's surface choices. So lower price and outdated works almost better than you upgrading to your taste and putting it on the market.

In my experience, suburban buyers do not want to touch a thing. They will even be deterred if they have to even paint or change wall colors. Fresh from the upgrade is the best marketing.

I think you are going to have to set a budget, and charge for the upgrade in the price. But make sure the upgrades and products used are "just like the new builds," whether you personally like that taste or not.Jmho
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Old 03-02-2014, 12:58 PM
 
Location: Austin, TX
4,760 posts, read 13,825,153 times
Reputation: 3280
Thank you to whomever left me the nice private message.

I am not going to sink much money into this because there is no guarantee of recovering it. I'll just use comps to set the price and hope for the best. Neighbors and Realtors tell me inventory is low right now in my area and buyers will have to drive farther to get new.

Just shoot me if I ever mention buying another suburban house. (I know EasilyAmused is amused by this...)
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Old 03-02-2014, 01:41 PM
 
Location: Katy,TX.
4,244 posts, read 8,759,365 times
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Where are you thinking about moving to?

btw; Don't upgrade before you sell.
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Old 03-02-2014, 01:46 PM
 
Location: Austin, TX
4,760 posts, read 13,825,153 times
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Quote:
Originally Posted by usc619 View Post
Where are you thinking about moving to?

btw; Don't upgrade before you sell.
Either closer to Houston or to Austin.
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Old 03-02-2014, 02:02 PM
 
2,945 posts, read 4,990,784 times
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NT is what circa 1995 to present.

IMO as long as the house isn't some 1980s looking or older missing granite and what not isn't a deal breaker.

Unless your wife went crazy with wallpaper back in 1995 when you moved in and it's still there. Now that is a dealbreaker For real.
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Old 03-02-2014, 02:04 PM
 
Location: Austin, TX
4,760 posts, read 13,825,153 times
Reputation: 3280
Quote:
Originally Posted by DejaBlue View Post
NT is what circa 1995 to present.

IMO as long as the house isn't some 1980s looking or older missing granite and what not isn't a deal breaker.

Unless your wife went crazy with wallpaper back in 1995 when you moved in and it's still there. Now that is a dealbreaker For real.

Everything is very neutral. Creams, tans, whites, etc.
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Old 03-02-2014, 02:23 PM
 
6,720 posts, read 8,388,075 times
Reputation: 10409
Just make it clean and neat as a pin. Demand is high right now with very low inventory, so it will sell. It's good that it's neutral.

I would fix any small issues that are cheap and easy to fix. If your door is worn and faded, restrain it. Weed the yard and tidy it. Put out lots of potted plants and make the curb appeal good.

If you have carpet, clean it. Get rid of any clutter and too many personal photos. Stage your home. Also, clean your windows and take down anythings that block the light. Leave the lights on when showing the home and make sure it smells nice. Get rid of any pets and pet stuff. ( take the cat or dog in a carrier with you.) it's a pain, but it will help.

Don't upgrade the home yourself, but price it right.
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