Tuesday, February 10, 2009

Should you do renovations on a fixer upper or sell as is?

I received this question today and thought I would post my answer here.
In a market such as the one we are experiencing now, I would suggest that you don't spend too much money at all on renovations.
Quick and inexpensive cosmetic fix ups are fine, but don't spend too much, you just won't get it back.
Pricing is everything in our marketplace.
When you have unfinished floors or stairs, I think you should put down the flooring and try to finish hardwood stairs.
Paint is not the end of the world, many will repaint once they move in.
With regards to the heaps of dirt or debris in your back yard, let's pray for more snow! :-)) Just kidding, and backyards are not deal breakers.
We will probably have another few weeks of harsh winter, but in my 21 years of real estate experience, one of the best times of the year to list your home for sale is just before or just after March break. People seem to begin their house search at that time and you may benefit by this.
Please let me know if you have any other questions.
I hope this finds you happy and healthy!
Thank you,

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