Should we fix up our Boston condo or sell it as is? This can be a challenging question to answer and it depends on several factors. First you need to consider the potential buyer of your Boston condo and how they view the repairs needed. Then you need to evaluate the local real estate market and your budget and time frame. Factor all this in and decide what is best for your situation. We suggest making repairs in most cases and individual consideration needs to be given to making upgrades or renovations.
Although major updates to the flooring, painting, kitchens and baths will certainly look nice. A major renovation will be difficult to see an immediate return on your investment. Unless you are a professional, you may want to steer clear of major renovations when considering a Boston condo sale. Back to the question at hand and the circumstances that will affect your decision to make repairs / renovations. First you need to consider your budget. If you have the money available to complete major repairs. If you do not have the money to repair, remember if you need to sell quickly be realistic about your sale price. A buyer would expect a discount for repairing the home.
Here is a list of a few very inexpensive repairs to make for a quick home sale :
Patch / Putty all holes in drywall Touch up paint in worn areas. Clean out the basement and storage spaces Brighten it up – clean the windows and make sure all lights are working Keep the kitchen and bathrooms clean when showing The next factor to consider is your local real estate market. Are prices rising quickly? Don’t pay attention to the national headlines as this may or may not be true of your neighborhood. Consult with a local professional to get an opinion on the market and your home. If prices are rising and home are selling quickly, there is less incentive for a home seller to repair the property as you might expect a quick sale. If the market is slowing down and houses are sitting on the market, there is more incentive for you to fix your home up; you have time to do it and you need your Boston condo to stand out to sell.