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You are here: Home / Real Estate / How updating your home before selling can return thousands on your investment

How updating your home before selling can return thousands on your investment

February 9, 2018 by Jason Farris Leave a Comment

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Recently I watched something amazing happen with one of our listings. Within 48 hours of putting the house on the market, we had 65 showings and received 16 offers.

16 offers in just 48 hours.

The house is now under contract with an offer accepted over asking price. So the question is… why did this happen?

Here’s why.

6 steps yield thousands in return

The homeowners wanted to list their home at the end of December. Their agent, Christine, warned them that their house was in need of some repair and updating. Because of this, they would most likely receive offers less than what they hoped for. 

So she laid it out for them: List the home as is and get less money for it, or make some suggested upgrades to yield the best ROI (return on investment).

The sellers were a little hesitant at first for obvious reasons; namely because they would have to cover the upfront cost of the updates. But they decided to listen to Christine and move forward with the updates.

At this point, the homeowners were in their new home in another state, so Christine rounded up multiple bids for the work that needed to be done. The sellers chose their contractor and the work began.

These are the updates Christine recommended to her clients:

  1. Replace the older carpet or get them cleaned by Boise carpet cleaning, throughout the home with laminate hardwood floor except in the bedrooms, which would receive new carpet. It is also important to have other carpet cleaning options like carpet cleaning st louis
  2. Remove cabinetry that was closing off the kitchen to create an open concept.
  3. Remove dated wallpaper, apply fresh texture and paint, and add new baseboards throughout the entire house.
  4. Update a few light fixtures.
  5. Remove dated curtains to give a new look and a better view to the outside.
  6. Have the home professionally cleaned and power washed, and then stage it.

The most remarkable part? All of this was completed in just 10 days!

updating home ROI

updating home ROI

The home was listed on Sunday, Jan. 28. By mid-morning on Monday, requests for showings and offers started pouring in. The homeowners accepted an offer multiple thousands of dollars over asking price, and the property will be closed in 30 days.

…

This is a great story for homeowners who are worried about making upgrades to a home before listing it. In this example, the clients were concerned about initial out-of-pocket expenses, but they trusted their professional Realtor and, in the end, will receive a lot more return on their investment than if they’d just listed the home as is.

If you’re looking for an agent you can trust with your best interests, I think it’s fair to say you should definitely give Christine Grooms a call! 

 

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Jason Farris
Jason Farris
Head YES man at FresYes.com
I grew up in Fresno. Relaxed in its calm breezes, listened with my dad to the crack of the bat at little league baseball games when I was a kid and now take my son to do the same at minor league games. I broadened my mind at its schools (I went to high school right here at San Joaquin Memorial, and to college at Fresno State!) I love that if I drive for two hours in one direction, I can be in the mountains. For two hours in another, luxuriating on a California beach. I can enjoy the cosmopolitan atmosphere of San Francisco or Los Angeles, but still be able to come home to relaxation, calm, and quiet.

I love where I live, and I also love what I do. I'm lucky to be able to work in a profession in which I get to build relationships; one that has me meeting new people each and every day and helping them to build new lives in my beloved city. I'm lucky enough to work in a profession in which I can marry cutting-edge technologies and marketing techniques to good, old-fashioned, nose-to-the-grindstone work. I am lucky enough to work in a profession that allows me to work as an advocate for my clients; to use every tool at my disposal to get a job done well for them, and with as little stress and expense as possible.

I love my city. I love my job. One inspires my excellence for the other.

Fresno? I say FresYES
Jason Farris
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Filed Under: Fresno, Real Estate Tagged With: Around The Home, fresno real estate, FresYes Realty, Home Improvement, Homeowner Tips

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Fresyes.com was started by me, Jason Farris. Yes, I'm in real estate. I think that real estate is so much more than buying and selling homes. It's all about the lifestyle, it's about community. Here in the Fresno / Clovis area we have such a wonderful sense of community. I wanted a place that best reflects the people, the places and the lifestyle that we call home. Fresyes.com is that place. We have fabulous authors who share what makes this community of ours so special. I also write here, and not always about real estate. You can find all my posts HERE

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