Sellers and landlords have to be selective about where they spend their money and what exactly should be done. Here is the order....based on current local market trends in northern Chester County and surrounding areas. With all the competition from new construction in the area...Buyers don’t want honey do list as soon as they move in and if they accept it - you will certainly get beat up on price. Which upgrades give biggest bang for buck?
Basic level is to declutter and deep clean - often forgotten things - appliances (oven), baseboards, windows, screens, power wash exterior an deck/patio, take care of weeds and overgrown landscaping.
Next - fix everything broken (floor tiles, kitchen cabinet hinges & handles),leaking (faucets,toilets) stained (carpet) creaking (doors) missing (light bulbs, door knobs) peeling paint, plumbing issues shaky railing etc etc. for a well maintained home. Make sure everything is up to code - make sure appliances are working fine.
Inexpensive updates like faucets, mirrors, light fixtures, paint colors, window treatments that date a property - modernize them to make them appear move in ready. Check local trends, nickel finish versus gold finish faucets, beige neutrals versus warm grey neutral paint colors.
The above can apply to any home whatever the price range - for rental or for sale. If what buyers can see on their visit needs work - total turn off. If everything appears neat and well maintained - they will assume what cannot be seen is also well maintained. When renting - if a clean and well maintained property is handed to tenant - you are likely to get tenants who are more cleanliness and maintenance conscious - and they are likely to maintain it in that condition as well.
Flooring - stained carpet is a no - if steam cleaning doesn't get stains out replacing is inexpensive relative to value of home.Consider modern better quality laminates for rentals - re-engineered hardwoods that are more long term upgrades.
Non visible expensive upgrades - septic, well, roof, HVAC, windows - these are big ticket and whether they are needed Depends on location of property - age - level of competition, nature of visible problems - timing for sale - this decision would have to be customized to each home. I might recommend pre-inspections - and prefer repairs to replacement as far as possible. Call me - for a customized assessment and plan of action.
Bela Vora, REALTOR®,
Coldwell Banker Preferred
390 Waterloo Blvd, Exton, PA 19341.
Cell: (484) 947 3127Office: 610 363 6006