Real Estate Realities Newsletter
March 2023
March is National Ethics Awareness Month
03/08 International Women’s Day
03/12 Daylight Saving Time Begins
03/17 St. Patrick’s Day
03/20 Spring Equinox-First Day of Spring
03/25 Earth Hour
Three Things Sellers Should Never Renovate
Your clients may have plans to renovate their homes to get top dollar, but there’s a ceiling on how much ROI they can expect for certain pre-listing renovations. Here are three things sellers should never renovate because most buyers will have their own plans:
- Flooring.
Sellers should polish and not replace the flooring. The new owners often have ideas on what they want and may tear out the existing floors anyway.
- Kitchens and Cabinets.
Kitchen updates may only be necessary if sellers have a truly vintage original. Otherwise, they should present the kitchen with potential instead of expensive updates. Most buyers prefer to customize their kitchen and its cabinets.
- Spaces.
Your sellers may be tempted to tear down one or more wall to open up rooms and attract more buyers. But they should let buyers envision it for themselves. It’s far easier to take walls out than add them back in, and homeowners who work remotely often prefer smaller, separate rooms.
