Matt Horn

Buyers today tend to gravitate toward two very different types of homes: - Fully remodeled, turnkey properties where they don't have to lift a finger, or - Homes that are completely original and need everything, where they can justify a lower price and take on a full renovation. Homes that fall in the middle aEUR" somewhat updated but still showing 20"25aEUR'yearaEUR'old finishes aEUR" often struggle because buyers feel they're paying nearaEUR'market prices and inheriting a long list of projects. In the Los Angeles market, where the entry point for an older home is around $900,000, buyers are especially sensitive to condition. They want a home that feels moveaEUR'in ready, they hesitate when they see carpeting, dated paint colors, or older fixtures. Most properties in this category benefit from key, highaEUR'impact updates: removing old carpeting, refreshing interior paint, and modernizing appliances or fixtures. These improvements go a long way toward shifting buyer perception from " outdatedaEUR? to " clean, updated, and worth the price.aEUR? The guiding principle remains the same: Spend a dollar only if it will make you two or three. Don't spend a dollar to make one. But in an entry price range uvor improving will not bring as much of a return as in high end home where the buyer are expceinting more and willing to pay for it., That being said, even modest improvements can dramatically improve buyer enthusiasm and help your home compete with the turnkey listings buyers are willing to stretch for. Your local market will ultimately determine how much value these updates add, and your agent should help you compare the projected sale price asaEUR'is versus after a light refresh. In many cases, a strategic, cosmetic update package provides the best return aEUR" but some neighborhoods simply don't support the added value, which is why reviewing comps is essential.

New flooring always pays off - a quicker sale compaired to the compation, especially if they have carpet in todays market. buyer will over estimate for the cost of improvements plus they only have to pay a pecentage ( as in how much their down payment is) as aposed to a dolar for dollar cost of the improvement.