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Personal Finances / Buying or Selling a Home

URL:  http://boards.fool.com/redoing-kitchen-and-bathrooms-can-be-costly-new-30548569.aspx

Subject:  Re: Selling Date:  2/18/2013  1:42 PM
Author:  vkg Number:  124791 of 127262

Redoing kitchen and bathrooms can be costly. New cabinets? Granite counter tops? etc etc. I'd suggest you set a budget and carefully consider what changes are cost effective.

We had rented the house out for many years. When we moved in to reestablish it as a primary residence before selling, the kitchen and bathrooms were redone. The kitchen wasn't going to show well, and I didn't want to live in the house for several years, and then have to redo the kitchen as we moved out. The kitchen was done with "average" materials. No granite or high end cabinets. It will show well.

The bathrooms were a different issue. We thought they would only require minor repair. It turned out there was mold. The bathrooms have already been redone.

3. Think about and come to an understanding about details like: open house (yes/no/when/how often), advertizing, lock box on front door (?), and special considerations like pets, burglar alarms, etc. Will agent call before showing your house?

We won't be living in the house. We will leave enough furniture and non-important stuff in the house to make it appear occupied and stage it.

Advertising will be a question to ask.

Pricing is a major issue. Given the low inventory of houses on the market, it should sell quickly providing it is priced correctly for the market.
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