difference.
This is why one home sold for $40,000 more than the other: • Townhome A was professionally staged, giving it a more appealing appearance. • The agent selling Townhome A took higher-quality, more attractive photos of the home. Those two seemingly small actions made the $40,000 difference! The buyers of Townhome A made a higher offer because the agent presented the home in a more appealing and attractive way.
CONSIDER UPGRADES
Upgrades is one of the trickiest parts of preparing your house for flipping. Remodeling and upgrading your home might bring you a better price and reduce the number of days your home sits on the market.
Or not.
Sometimes, people spend a lot of money remodeling a kitchen or adding a bath and still have trouble selling their house, only now they’ve poured more money into their home and need to get a higher price to recoup remodeling costs. Some remodels add more value to a home than others. Remodeling magazine conducts an annual Cost vs Value survey that lists common upgrades and the percentage of money a seller is likely to recoup at sale. The 2018 Cost vs Value survey of midrange upgrades and additions showed: • Bathroom remodel recouped 70.1%.
• Deck addition recouped 63.6%. • Kitchen remodel recouped 59%. • Master suite addition recouped 56.6%. 129
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