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Typically, buyers want to buy a home that has no deferred maintenance, newer appliances, updated plumbing, electrical and heating (including a/c), modern conveniences and is ready to occupy.
Most times, upgrades and renovations are not required, only quick fixes and repairs are needed. The specific requirement for repairs and upgrades depends on:
- Time of year
- Location of the home
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- Market conditions
- Competing inventory
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The best return on investment includes:
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1. Clean / de-clutter / de-personalize
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6. Update kitchen and bath
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2. Lighten and brighten
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7. Paint interior
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3. Maintain Yard
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8. Clean or Replace Carpeting
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4. Repair Plumbing and electrical
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9. Repair and refinish damaged Flooring
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5. Staging for mass market appeal
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10. Paint exterior
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Hot Upgrades (need depends on home)
Flooring Fixes
- Wood floors are a hot item today
- Chipped or cracked ceramics may need to be replaced
Paint Ceilings & Walls
- Remember buyers look at ceiling for leaks
- New neutral color paint add ‘freshness’
- Dated wallpaper may detract from appeal
- Wood paneling can be painted or removed
Bathrooms
- Number and ensuites have appeal
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Kitchen Improvements
- High-end kitchens don't return as much as the mid-range or minor kitchen remodels
- Buyers don't want leaky faucets or stained sinks.
Roofs & Exterior
- An old roof should be replaced
- Plant flowers
- Repair fences, caulking and window & door seals
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