|
After 30 years, it’s easy to think, “We need to update everything or no one will buy it.”
That’s usually wrong — and expensive. Let’s break it down strategically. 1. Don’t Renovate for Taste. Renovate for ROI. If you’re going to put money in, it must:
Rarely worth it before selling. Full bathroom overhaul? Usually overkill. Buyers don’t pay dollar-for-dollar for your upgrades. They pay for:
2. Fix What Scares Buyers You must address:
Cosmetics don’t kill deals. Deferred maintenance does. 3. The 30-Year Trap After living in a home for 30 years, you stop seeing:
4. Know Your Market If you're selling in an area where updated homes dominate and buyers expect “move-in ready,” light updating might be necessary. If you're in a strong market with limited inventory, you may not need to touch much. This is hyper-local. Strategy matters more than emotion. 5. The Brutal Truth Some sellers renovate to avoid accepting that:
But you’re not remodeling for yourself anymore. You’re exiting an asset. What I’d Tell a Client Before you spend a dollar:
Declutter. Paint. Fix defects. Price properly. Sell.
0 Comments
Your comment will be posted after it is approved.
Leave a Reply. |
AuthorJason Gelios is a licensed REALTOR®, Senior Real Estate Specialist (SRES), Author of the books 'Think like a REALTOR®', The Seniors Guide To Buying and Selling a Home: The Next Chapter, and 'Beating The Force Of Average', Creator of The AskJasonGelios Real Estate Show, and an Expert Media Contributor to media outlets across the country. Archives
April 2026
Categories |
RSS Feed