SENIOR REAL ESTATE SPECIALIST
Janice Peterson Gables & Gates, Realtors®
Repair or Renovate?
We've already looked at some of the problems, such as odors and leaks, that can send buyers running in the opposite direction. But what about other improvements?
Here are a few rules of thumb:
- If it's broken, fix it: You wouldn't want to buy a car that stalls at stoplights, and you wouldn't want to buy a home that needs repairs. If the roof leaks, the toilet runs non-stop, or you have to jiggle the kitchen light switch to get it to stay on, fix them.
- If it's bad, make it good (maybe): If something isn't broken - just ugly or outdated - think before you improve it. You may love the idea of changing your old vinyl blinds for wooden ones, but your buyers may not love it enough for you to recoup the expense. Consider upgrading areas that can make a difference to buyers, such as replacing worn-out vinyl flooring. Remember, anything you do to your home needs to either help you sell it, or help you get a better price.
- If it's good, don't make it great: It's true that some home improvements, like upgraded kitchens or bathrooms, really do add to the value of your home. And, if you've made those improvements in previous years, prepare to reap the benefits. But it's risky to start an expensive kitchen or bathroom renovation right before you sell your home: This work can be extremely costly, and there's a good chance you won't recoup all of your investment.
Gables & Gates, REALTORS® is licensed in the state of Tennessee. The Fair Housing Act prohibits discrimination in the sale, lease, or rental of housing, or making housing otherwise unavailable because of race, color, religion, sex, national origin, familial status, or disability. By registering on this website (providing your name and/or contact information) you are making an inquiry and are granting permission for an agent to contact you via telephone and/or email, regardless if you are registered with the national, state, or other Do Not Call list. The data relating to real estate for sale on this website is being provided for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Some or all of the listings on this website may not belong to Gables & Gates, REALTORS®.
State License Number(s):
Janice Peterson: TN # 314723
Liz Snide: N/A # 323267
Information on this website is deemed reliable, but not guaranteed.