Are you starting to think a little more seriously about selling your property but are wondering what you need to fix up, or how much renovation you should do before you list? In today’s market, many sellers wonder how much work they should do before listing and is it worth it?
Hi, I’m Tanja Odzak, Our East Bay Home and exp realty. The answer to this question is YES and NO, depending on what’s happening in your local market. In today’s market, increased inventory has given buyers more options than previous years. This means as a homeowner- you may not be able to ignore some updates or repairs that may not have been necessary or that buyers would have let slide in previous months. In a recent article from realtor.com, “To stand out in today’s market, sellers should make their home attractive to buyers which usually means some selective updates.”
However, since we are still in a seller’s market, renovating a few key areas in your home may be enough to make your house stand out from the competition. ***AND*** you will need to consider the return on your investment. The greatest return usually comes with the first few updates, and then the law of diminishing returns starts kicking in. According to the 2022 remodeling impact report from National Association of Realtors, “hardwood flooring, refinishing and putting in new wood flooring has the most significant value in today’s market.” Fortunately, out here… many homes have original wood flooring, lots of times it was just covered up with carpet.
Also, what’s just as important, is to make sure your real estate agent knows of any upgrades you’ve previously done. This way they can be properly marketed to make buyers aware of your features and improvements. Finally, the best recommendation is to spend your time and money wisely by consulting with a professional agent, to see where the best focus should be. Feel free to reach out to me, so we can go over the best strategy of renovations to optimize the sale of your home with the best return on your investment.
And ask me about my tiered home selling plans where you get to pick which real estate services you want and the fee you pay. Most of them include my super duper digital marketing that no one else does. I’m Tanja and I sell houses. I offer simplified and transparent choices! And I’m always here to help.
I’m a Top Producing Realtor® in the OAKLAND / BERKELEY / EAST BAY AREA. I’ve been in the San Francisco East Bay Area since I came up to do my undergrad at UC Berkeley (a long time ago!), with a short stint at UC Davis while getting my Master’s. I take my duties as a Realtor® and Fiduciary very seriously, I enjoy educating my sellers and buyers along the way. Putting People, Before Profit.
Why not check out one of my no-obligation, online, On-Demand, virtual Real Estate Seminars?