Fixing up your Boca Raton home for sale?
Thinking about fixing up your Boca Raton home for sale? Consider scaling down the project you have in mind.
When it’s time to sell your Boca Raton home, try to look at it from the perspective of someone coming in for the first time. Think about things that need to be fixed and what should be changed or improved in order to get the best price.
If you’re contemplating fixing up your Boca Raton home for sale, your first thoughts are likely to be about the kitchen and bathrooms. After all, according to real estate wisdom, those are the places that buyers zero in on.
Some thought provoking information on fix-up costs.
For those of you ready to sell your Boca home, here’s some thought provoking information provided by The Remodeling 2015 Cost vs Value Report (www.CostvsValue.com). Often, minor repairs will bring you back a greater percentage of return than major repairs.
Based on the perception that kitchens and baths command buyer attention, you’d think that fixing up your Boca Raton home for sale would involve a major kitchen repair. Well, it could, but the people at the Cost vs Value Report indicate that a minor kitchen remodeling may give you a greater percentage of return than a full make-over.
When it comes to fixing up, less may be more.
For example, their survey of the Miami area showed, on average, that spending around $18,000 on a kitchen repair – new counters, refacing cabinets – returned approximately 86.2% of the cost to owners upon sale. But an expenditure of around $54,000 on a total makeover of the kitchen gave a much lower return of 69.2%. That’s more than a 15% differential.
Similarly, their survey on bathroom remodeling found that a midrange remodeling at around $15,000 returned 72.7% on average, whereas a high end upgrade costing around $33,000 gave back 61.3%.
So it appears that – on average – when fixing up your Boca Raton home for sale, at the least in the kitchen and bath area, the more you spend the lower your return.
But, on a high note, the Cost vs Value Report showed that a steel replacement entry door returned an average of 112%. So it appears to be more than worthwhile make sure the part of your Boca Raton home that says “Welcome,” is upgraded fully.
Other than that adorable door, when fixing up your Boca Raton home for sale, less may turn out to be more.
Marc Jablon, the Jablon Team
Re/Max Complete Solutions