made a comment about how he didn't understand the reason for such a thrown together remodel prior to sale, and even went to far as to accuse the seller's wife of being color blind in her paint selection. Needless to say, the house did not sell to these buyers, and the sellers ended up making some expensive revisions to their already expensive remodel. Smaller upgrades like replacing outdated fixtures in the kitchen and bath are certainly worthwhile, but major remodeling of those rooms is not wise. That’s not to say you can ignore necessary repairs that a home inspector would red-flag or a mortgage company would demand before issuing a loan to a buyer. If you are facing major problems, like a leaking roof or outdated electrical wiring, you must either address those repairs yourself or be prepared to make major concessions on pricing to the buyer, so that they will not have to bear the burden of major repairs as well as the price of the home.
STARTING WITH THE B G WITH THE BASICS
Every home that is listed should meet the basic expectations of any buyer. Your home should have a sound roof, functioning gutters and downspouts, a foundation without cracks, a functional heating and air-conditioning system, solid subflooring, and safe and secure electrical wiring. With finance- mandated home inspections being a contingency for many buyers to obtain a mortgage, any shortcomings may be required to be remedied to get the buyer’s financing approved. You do not need to undertake extensive remodeling projects to sell your home or to increase the value of your property. You do need to be sure your property is up to the standards of the neighboring homes. What’s important, though, is that you understand that the market value of your home is determined by the prices of homes recently sold in your area. Remodeling your kitchen to outshine others
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