Home selling: Which fixes are worth it to lure buyers?

Published On: Jul 27 2013 07:34:50 PM EDT

iStock/kzenon

(NewsUSA) - Most buyers today are only interested in homes that are "move-in-ready," so if yours isn't ... well, there's your problem.

"Buyers generally look at 'as-is' properties that need work, and say 'I'll pass,'" says Patsy O'Neill, a sales associate with Sotheby's in Montclair, N.J. "That's why I tell clients it's worth making certain strategic fixes if they're looking for quicker and more profitable sales."

So, which "fixes" are worth it, and which aren't? Read on:

Worth It: Addressing major maintenance and safety issues. Would you buy a house with faulty electrical wiring? Enough said.

Not Worth It: Major bath renovations. "Whatever you do might not suit the buyer," says O'Neill, "and meanwhile, you'd have spent as much as tens of thousands of dollars." Meaning, stick to things like repairing cracked shower doors, and save your visions of a modern-day spa for your own new abode.

Worth It: Ripping up old carpeting. Whether you replace it with new carpets or refinish the underlying wood floor is less important than getting rid of an eyesore.

Not Worth It: Major kitchen renovations. Same "taste" issue as above.

Worth It: Anything that enhances "curb appeal." If the first thing prospective buyers notice even before exiting their cars is that your roof looks like it's been whipped by a tornado, say, chances are you've already lost the sale. "It's a huge turn-off," says O'Neill, "and makes buyers predisposed to find even more things they don't like."

Not Worth It: Anything that screams clutter. The less of "you" there is, the more likely prospective buyers are to imagine themselves happily living there.

Comments

The views expressed below are not those of Click On Detroit, WDIV, or its affiliated companies. By clicking on "Post," you acknowledge that you have read the Terms of Service and your comment is in compliance with such terms. Readers, please help keep this discussion respectful and on topic by flagging comments that are offensive or inappropriate (hover over the commenter's name and you'll see the flag option appear on right side of that line). And remember, respect goes both ways: Tolerance of others' opinions is important in a free discourse. If you're easily offended by strong opinions, you might skip reading comments entirely.

blog comments powered by Disqus