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Some people have personal pride in their homes and want to deliver them in great shape. Some people have an ethical tilt that they want to convey a house in great operating condition.
I have a degree of personal pride and a degree of ethical behavior. Even if given a no-contingency contract sight-unseen with no real estate agent involved, I wouldn't sell a house that I knew was unsafe. But it seems to me that the days of doing a bathroom renovation, for example, just to make a house sell are gone.
I have a degree of personal pride and a degree of ethical behavior. Even if given a no-contingency contract sight-unseen with no real estate agent involved, I wouldn't sell a house that I knew was unsafe. But it seems to me that the days of doing a bathroom renovation, for example, just to make a house sell are gone.
Well, folks run the gamut from complete greed to completely unnecessary investment.
I often talk people off the ledge of doing a $25000 renovation because they think it will show better.
Well, folks run the gamut from complete greed to completely unnecessary investment.
I often talk people off the ledge of doing a $25000 renovation because they think it will show better.
I always thought most of those were HGTV driven (on both sides) and am always skeptical of how much value they add, especially if the existing item is still functional, but just out of date.
I suppose in a very tilted buyer’s market you could possibly see it pay off in the right circumstances, if the house just showed really badly and you were able to economically do something to correct that, but most of the HGTV shows are just making up numbers when it comes to the cost of things and how much they theoretically add to the sale price.
HGTV is pure entertainment. To some extent, so is This Old House -- but it has some credibility too. Zero credibility to anything I see on HGTV.
HGTV has been a big boost for the reno biz. Unfortunately many shows on HGTV are more glitz than skilz....never mind reality.
About 6-7 years ago we looked at some houses in Chatham County. A year later we saw 2 houses we looked at featured on a Love it or List It episode. Prices quoted in the episode for those 2 house was about $200K lower than what they were listed and ultimately sold for. I also look closely at the reno workmanship......sure hope issues I see get fixed after the film crew left. Also, post reno valuations are crap.
HGTV has been a big boost for the reno biz. Unfortunately many shows on HGTV are more glitz than skilz....never mind reality.
About 6-7 years ago we looked at some houses in Chatham County. A year later we saw 2 houses we looked at featured on a Love it or List It episode. Prices quoted in the episode for those 2 house was about $200K lower than what they were listed and ultimately sold for. I also look closely at the reno workmanship......sure hope issues I see get fixed after the film crew left. Also, post reno valuations are crap.
During early COVID quarantine; I binge watched pretty much all of the Triangle-based episodes on Love It or List It (basically the last 5 seasons) and used context clues an the pause button to find most of the homes in MLS history that the homeowners were "Debating" and pretty much all of the listings that David showed them to convince them to "list it"...
The valuations of the "problem" houses were pretty much always initially bery low for the market at the time and then laughably high for the market at the time after the renos.
The houses that David showed were generally stale listings that had issues you couldn't see in filming but would be very obvious when touring the home (next to tire shops, priced way too high, backing to 540, insanely sloped lot, etc)
That part actually made more practical sense as in the later seasons of the show; the Triangle market was already a fast-moving sellers market for well priced homes that showed well...and thus it would be pretty difficult to find listings that remained active long enough to schedule a production-showing.
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