Remodel & Renovate in 19947>Question Details

Jctslp, Both Buyer and Seller in 19947

is it worth it to update bathrooms before listing a home on the market? 2 full baths, 20 years old, in need of an update. lots of brand new in area

Asked by Jctslp, 19947 Tue Jan 26, 2010

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Alicia’s answer
JCTSIP,

Great question. Conventional wisdom is that the best places to invest in your home are the kitchen and bathrooms. To get a better idea of what you would be facing, competition-wise, I suggest viewing the model homes in the new build homes. Follow that up with an estimate from a licensed contractor. Once you have the total investment necessary to bring your bathrooms up to date, talk with your REALTOR about the likelihood of getting a dollar for dollar return on your investment. Another suggestion-ask your REALTOR if your market has a buying season. If Delaware is like Arizona, you want to have the update completed before the spring buying season.

Keep in mind that I am a REALTOR working in Arizona, so a local REALTOR is going to give you an answer that is best suited to your local market.
0 votes Thank Flag Link Tue Jan 26, 2010
Yes, but.

One of the difficult things for most people to do is to determine the difference between an update and an upgrade. It is incredibly easy for our tastes to remain locked in time, so our choices of finishes can turn out to be as dated as the items that they're replacing.

Many home-improvement stores will lend you a designer for a trifling sum, who can help you choose something that will be eye-popping to prospective buyers and fit into both your budget and existing fixtures.
0 votes Thank Flag Link Wed Jan 27, 2010
Thank you both for the advice, I've asked 2 realtor friends out here and they both said not to extensively upgrade as we won't see the return. My husband can do the work himself so maybe just updating rather than an extensive overhaul will be helpful. Thanks!
0 votes Thank Flag Link Wed Jan 27, 2010
Your competition is going to be the older homes listed at lower prices. The bathrooms are very important to have looking sharp so you should definately paint with a neutral color. It is inexpensive to replace the light fixtures with something modern and bright. Replace the sink faucets so they are shiny and new. Depending if you have an independent standing sink, you may also consider putting in a new vanity and sink. You would have to check with a local realtor to see what your area will support as far as an extensive renonation on the return of investment.
There are other simple things to do with your home to look more desirable. For example, painting interior and possibly exterior, new carpeting or flooring if it is worn, manicuring your landscape and putting in new flower beds.
0 votes Thank Flag Link Tue Jan 26, 2010
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