We are still waiting for special roofing material for the deck over the lanai of the rental house. It didn’t get ordered when it should have and we aren’t sure where it is en-route… Even this is for a purpose as it gives me needed time to pack and touch up. I am being slow and would be getting a lot more done if I could stop coughing – it takes so much energy away.
U for Upgrading
Upgrades are a common bragging point in many real estate listings. Something better than what was there before. But, better according to who? The whole upgrade issue is more of a problem with our rental house because upgrades are usually done by people who are living in the building themselves and care. Renters very seldom care. Renters are more associated with downgrading.
With an older house that has not been remodeled for a long time, the upgrading does not have a clear endpoint. It grows and grows. If we had been going to keep the rental and live in it ourselves I would have upgraded the kitchen with new cabinets, countertops, flooring and appliances. I would have taken out a half wall and made a peninsula with a seating area. I would have opened up the view to the living room. All this because I do watch HGTV. It would easily turn into a $15K upgrade. Instead, we painted the cabinets white. We left a lot of potential for the next owners.
The house we live in has some nice upgrades. The master bath is newly remodeled and handicap accessible. The kitchen has been remodeled and is still fairly contemporary. There are no smelly carpets anywhere – to me that is an upgrade. Our lifetime metal roof over the whole complex and the easy care vinyl siding could be considered upgrades.
My final thought on upgrades is that they are okay for a seller if they are cost effective. Can you add the price of the upgrade to your asking price and get it back? If not, don’t bother. An upgrade usually replaces something that can be considered functional and comfortable as it is, and it is fine to leave it alone.
The sign of the times for U:
6 thoughts on “A to Z: Selling Our House (Letter U)”
Those shows make me want to throw rocks at my house lol
Just remind yourself “it’s only TV”. Lol is right.
Many so-called upgrades are things I don’t like in a home. I’d rather the homeowner cut in the price of the property to motivate me to make an offer on the home. We’re hoping to find a place that will suit our needs better. Our current home we outgrew years ago and needs a lot of renovating work. So, we decided to find a new place and then we’ll think about what to do with this place. I can tell you this, we are certainly picking in what we’re looking for and this has made our hunt very challegning. We have Verizon, so I know that sign well. 🙂 Happy A2Zing!
~Curious as a Cathy
iPad Art Sketch ‘U’ is for Umbrella
Exactly why I’m sticking mostly with paint and making things clean. Hope you find a place with good “bones” where you can apply your own upgrades.
Upgrades are best left up the new owners’ visions. Is the sign for Verizon?
You got it!