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What Not to Fix When Selling a House - YouTube
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so you think about selling your house
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everybody's coming out of the woodwork
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saying hey fix this improve that
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do this do that well
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what don't you need to fix what
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shouldn't you fix i'm going to go over a
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list with you right now
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so stick around to the end and i will
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tell you the one thing
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that nets the most amount of profit for
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the least amount of cost
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it'll be towards the end so i'll just
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skip to the end
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so the first thing is don't do partial
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fixes
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if you're going to fix something fix the
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whole thing one thing a buyer does not
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want to see
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ever is something that's half done
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it makes it just look bad and they kind
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of wonder well what else did they
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shortcut
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so don't do half fixes number two
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the kitchen a lot of people tell you oh
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yeah redo the kitchen it'd be great to
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get your money back
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no on average people get 53
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of their money back when doing a kitchen
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that means 47
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of every dollar you spend and that's a
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lot of money is going to go right out
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the window
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now if you want to reface the doors and
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the cabinets and put some
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granite countertops in that's great
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change the knobs change out the
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appliances that's fine probably get all
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that back
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but don't redo the whole kitchen second
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thing is a bathroom everybody's going to
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tell you kitchens bathrooms basements
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decks those are the things that normally
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sell
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we're talking about mostly northeast
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philly lower bucks county
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the bathroom you're only going to get 51
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of your money back so again
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49 right out the window if you want to
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improve it
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you want to fix what's broken change the
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faucets maybe
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if they're old if something's damaged
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replace that that's great
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but don't go crazy with the bathroom the
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money that they charge you is going to
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be
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almost half of it thrown out the window
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the next mistake people make is adding a
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master suite
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well a master suite is only going to
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give you 53
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return so again 53
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of every dollar is going to come back to
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you
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the rest is gone out the window new
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doors
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get new front door maybe a new back door
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you'll get 72 percent of your money back
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from that one statistically so now if
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you have an older door
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you can paint it most stores you can
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paint you may even be able to change the
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hardware
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a little cheap fix don't replace the
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doors
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a deck the deck will get you 74
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of your money back so again
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you put five grand into a deck i'm going
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to get 74
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of that back you're not going to get all
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your money back and you're certainly not
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going to make a profit
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finishing your basement it adds square
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footage
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even appraisers usually only give 70
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cents on the dollar
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of the square footage value of a
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basement compared to a room
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on the ground level or upstairs where
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the bedrooms are
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assuming you have a two-story or
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three-story house so again
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you're only going to get back 70 cents
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on every dollar you spend
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the other 30 census is thrown away new
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siding
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new signing is only going to return 76
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of what you're spending on it certainly
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not going to make you profit
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so if you can't paint it paint it if you
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have some cracked shingles
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replace them if you have some cracked
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vinyl try to replace that or
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patch it you can paint vinyl siding too
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so that will be a much better return
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better
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use of your money don't go replacing the
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siding unless it's
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absolutely necessary and on that note
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don't go patchwork on the siding either
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i've seen some people just replace a
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half a wall looks terrible
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the roof now in philly we have mostly
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flat roofs and bucks we have mostly
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shingled roofs
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don't just patch the roof if the roof is
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caving in
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then you got to fix it but if it just
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needs a top coat
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and not sheathing you're not going to
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get your money back from it
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on a roof you only get 65 of a return
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you put a new roof on i think you're
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going to get a whole lot more money for
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your house it's not going to happen
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let's talk about windows a lot of people
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go out and say i got old old windows the
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house was built in 1950 i got to go
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replace them
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no you have old wooden windows people
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want to replace them no
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you're only going to get back about 75
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percent of the investment
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in replacement windows now i'll relate
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to a conversation i have my dad a long
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time ago
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when he was replacing his windows the
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guys came out and sold him
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on that the cheap windows and the more
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expensive windows
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he was going to get a lot more money
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returned to him
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from the more expensive windows well if
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you're talking about energy efficiency
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that may be true but in terms of resale
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value
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it's really not replacement windows and
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replacement windows people don't come
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out i've never had a buyer and
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hundreds of houses i've sold come out
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and say you know what i'll take
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house a over house b because it has a
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better quality window
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so replacement windows are replacement
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windows and on average
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you're going to lose 25 percent of your
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money
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replacing all the windows now heater the
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heater is broken
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you got to fix it but if it's not broken
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you can get it serviced
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to upgrade your heater trying to get a
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return on and get more for your house
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it's not going to happen it's a bad move
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35 to 50 percent
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of your money back when you replace the
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heater
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don't do it unless you absolutely have
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to now
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central air central air will normally
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add about two and a half percent
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of the price of your home in value
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so if you have a three hundred thousand
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dollar house two and a half percent uh 7
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500
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it'll add to back into your house
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central air will cost anywhere from five
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to
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seven to even 7 500 so it's kind of a
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wash
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if you're gonna have to add ducts that's
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even worse
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so you have to take that kind of
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play-by-play
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can a small unit be put in can a
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the proper size the small unit be put in
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for 5000
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and get a two and a half percent return
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on the sale of your house
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that might be worth it then again it
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might not be
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you have to weigh that one out now i
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want to share something with you
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i do a lot of estate sales and do a lot
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of um
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senior real estate specialist so i do a
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lot of elder
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people moving and a lot of times the
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houses are old
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they're they're old they're functional
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but everything inside them is old
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and somebody will come out and say well
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i don't just want to do the kitchen i'm
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going to do a new kitchen because you
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know
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my nephew told me i should do a new
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kitchen well don't do a new kitchen if
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you have old bathrooms
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that's a 100 waste of your money
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don't do new bathrooms if you have an
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old kitchen it's either all or nothing
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and to do it all it's you're never ever
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going to get all of your money back
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and you're certainly not going to make a
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profit and that's what we're trying to
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do here
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trying to get the most amount of money
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for your house and not throw your money
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away
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redesigning it for other people
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i promised you earlier i will tell you
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the one thing that gets the best return
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when you're selling your home that's
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paint i've sold hundreds of homes
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where people chose to paint and not to
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paint it's a
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huge difference wallpaper popcorn
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ceilings
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just that stuff pick a neutral color
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pick
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one color don't go painting five
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different colors in the house that's
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just it's too much to
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drive people crazy and especially if you
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have
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stuff like from the 70s you know they
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used to pick the room green or
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you know your favorite hockey team is
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orange
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like the flyers um i'm not advocating
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getting rid of the flyers paint so
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please don't
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don't message me i already don't like
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the flyers
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but if you have those those strong
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colors
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think about painting them neutral that
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you will get your money back you will
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get a great return on that
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so again think carefully before you do
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any work on your house because there's
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things you just don't have to do
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hi i hope you found this information
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useful and if you're caught in a dilemma
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of whether you should buy your next
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house before you sell your current house
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or whether you should sell your current
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house then buy your next one
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check out my video on buy and sell a
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house
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the link is below you'll have a lot of
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useful information in there
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thanks again for watching please like
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and subscribe
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