“I am interested in selling & repurchasing in next 2 yrs. Need to update kitchen/baths. Go all out or moderate improvements?”
As with almost every question in real estate, the answer begins with, “It Depends.”
What improvements you should make depends on several factors; these are five:
1 – Consider your competition. If your neighbors have formica, consider a higher grade formica or a less-expensive solid surface countertop. (Home Depot seems to have a useful tool for countertops (no longer available))
2 – Go for quality. Install something that you’ll be happy with if you aren’t able to sell. Cheap doesn’t sell.
3 – If your competition has high-grade stainless appliances, tile everywhere in the bathrooms, bright open designs, go for something similar.
4 – Raise the height of the counters in the bathrooms. It seems that we’ve gotten taller in the past decade. Go through a house built in the 80’s or 90’s and compare the counter heights in new homes. There’s a noticeable difference, and buyers know this.
5 – Your location and competition matter; take these into account when making decisions. Ask a competent professional to help you evaluate your needs and goals.
Be prudent, don’t overspend and be aware of how your house is going to fit within the market.
Interested in Learning More?
I have been been representing buyers and sellers in Charlottesville, Albemarle, and Central Virginia since 2001. Get local insight born of experience.
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