Areas for improvement
No property is perfect, but some imperfections are worse than others. When analysing a property for appraisal, the real estate agent will look at all the areas that need to be improved, or even just could be updated. In fact they are often a great person to ask where you should spend money on home improvements. They know what local buyers are looking for and what they value in a property. Whilst agents aren’t experts in this area, they can often give you some good guidance here.
It may be as simple as a quick paint or replacing the door handles. Other jobs may be a revamp of the kitchen or bathroom. However, it doesn’t necessarily need to be a whole renovation – simple fixes such as a new vanity or new lighting can make a world of difference to the price you achieve.
As with anything, you need to weigh up the cost of the fix against the possibility of a higher sale price.