How do you choose the appropriate refresh for a particular property? You know I always advise keeping your current property in good repair as well as updated and “ready to show” to a broker like myself. (I research properties that may or may not be on the market.)
There are a lot of headlines about the market being dead; statistically, the sales are the lowest they’ve been since before I first got my real estate agent license in the early 1980s! (1982 to be exact – I was first licensed in 1983.) Properties are selling because there are still people who need to move for one reason or another.
It has become a “beauty contest” AND a “pricing contest” which means if your property isn’t strategically listed, it’s being used to sell someone else’s property as a comparison. You want to win both the beauty contest and the pricing contest. So there’s your answer.
Many times it doesn’t pay to do a full remodel if you are selling – your taste may not be the same as your ultimate buyer.
