Update Your Home and Increase the Value When You Sell
ฝัง
- เผยแพร่เมื่อ 18 พ.ค. 2024
- You aren't sure if you need to update your vintage home? This video is going to help you understand exactly what you need to know.
In this video, we will explore practical strategies and tips for smart homeowners looking to boost their property value and equity. From simple home improvements to strategic investments, we will discuss how to enhance and preserve your property's worth. Watch now to learn how to maximize your home's value and build equity effectively. Stay tuned for expert advice on becoming a savvy homeowner in today's real estate market!
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Chapters
00:00 Intro
00:53 Unpolished Potential
03:58 Kitchen Story
04:43 Updates
06:37 Seller's Checklist
08:43 Tips
09:17 Deferred Maintenance
13:27 Correct Updates
21:20 Market Fluctuations
21:43 Paint
22:13 Painting Cabinets
23:02 New Doors
23:26 Updated Storage Solutions
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Looking for more videos of Kati's?
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⚡️ ➡️ Turning a 'Fixer-Upper' into a 'Market-Winner' (No Updates Needed!) • Home Selling Tips if Y...
⚡️ ➡️ Avoid These Costly Updates When Selling Your Home: What Really Pays Off ttps:// • Avoid These Costly Upd...
⚡️ ➡️ Every Seller's WORST Nightmare - Sued for $10,000 Without Even Closing • Avoid A Lawsuit When S...
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One of the major themes of the video is the importance of regular maintenance. Avoiding deferred maintenance is crucial because it's often the kiss of death when it comes time to sell. Keeping up with things like your HVAC, roof, and windows not only saves you money in the long run but also significantly enhances your home's selling potential.
I also talk about updates that really count. From a kitchen remodel to sprucing up the bathroom, these changes can make your home more enjoyable while you're living in it and more attractive when you decide to sell. And yes, we discuss those big-ticket items too, like replacing an old roof or modernizing your windows - necessary, though they might not always guarantee a return on investment.
Landscaping and exterior appeal also get a spotlight. You'd be amazed at how much a well-maintained yard or a new garage door can boost your home’s curb appeal. And in the video, I shared some personal stories about how these investments paid off.
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I’m a top Chicago North Shore Real Estate Agent. Thanks for watching my channel your ultimate guide to selling and buying homes in the Chicagoland area. Specializing in the vibrant communities of Northbrook, Glenview, Northfield, Wilmette, Kenilworth, Winnetka, Glencoe, Highland Park, Lake Forest and Deerfield. I offer expert advice and insider tips to navigate the North Shore Chicago real estate market with ease.
Whether you're looking to sell your property for the best price or buy your dream home, my channel provides comprehensive support, market insights, and personalized services to meet all your real estate needs. Stay tuned for our latest success stories and invaluable advice from one of the top Realtors on the North Shore of Chicago, ensuring you make informed decisions in this dynamic market.
Subscribe for the latest updates and reach out for a personalized consultation to start your journey in the North Shore Chicago real estate market today!
#homevalues #buildingequity #sellyourhome
Kati Spaniak | Team Leader & Broker
Terra Lux Homes - eXp Realty
847-318-3431
www.TerraLuxHomes.com
bit.ly/ContactKati
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*Thinking about selling your home in the next 5 years. Join my Ready! Set! Sell! Masterclass and find out all the ways to prepare your home to maximize your profit!* bit.ly/TLH-PIN
I have worked with seniors for many many years. Some advice that I would give is to do the decluttering and the organizing and the getting rid of stuff tasks long before you have to. Do not leave it to your kids. And do not leave it until you absolutely have to or until there is an emergency.
I wish my mom had understood this. She packed so much stuff into her 2 bedroom independent living apartment. We are now looking at needing to move her to a much smaller 1 bedroom assisted living and we have to get rid of so much stuff she doesn’t want to let go and probably hasn’t used 3/4 of it in 20 years since she moved to her last house.
The seniors I know…(my friends) usually have much neater, cleaner and more orderly than their 30 something kids. Don’t attribute attributes to people only using age. My mother, who is 96 has a 14 room house, neat, not cluttered, no “ storage hoards” …
My mom has had 5 storage units since 2016. $2,000 per month for stuff she doesn’t need(and neither do I.)
@@sherirottweilersforever7772 wow. That’s craziness. and if it all disappeared tomorrow, she probably wouldn’t even miss it.
@@sherirottweilersforever7772 have you tried talking or down to one storage unit? Got to start somewhere. Otherwise when she passes away, I guess it’s all your problem. I had a patient that literally had three houses full of stuff. And he was not mobile enough to do anything about any of it. His house, his mothers, house, and his sisters house. Don’t know whatever happened but it’s a big mess.
I hope to literally never move again. My hope is to live in this house till the day I die. I realize that that may not happen. But I’m gonna do everything I can to make it happen.
A year before you plan to sell, you need to start getting rid of stuff, unless you are selling to buy something bigger. Moving is more stressful than selling IMO because you are on a deadline and if you haven't moved for decades, you will be shocked at how hard it is to box up your house.
What I always consider is cleaning up and donating/ selling stuff is going to make moving easier. You are not saving yourself from stress by not cleaning up before you put a house on the market.
I am from a military family and I have also moved a dozen times as an adult. I am very good at it and even then, moving takes forever.
Thank you for sharing your experience and tips. It's valuable insight for anyone gearing up for a move.
Has anyone told you that you look like a young Meredith Baxter. Even your voice reminds me of her. Do you have a son named Alex! lol. By the way love your channel!
HAHA!! I haven't been told that!! Thank you so much!!!!
Oh my goodness, I see it, too!!!
Now I see it too!!
Definitely!
@@KatiSpaniaklol YES! Plus you are the most reasonable and knowledgeable person on TH-cam talking about houses.
Suggestion I've heard from so many people, and believe: never paint bathrooms green. It casts an ugly, sickly green tint on skin...especially undesirable where one puts on makeup, etc. It's an unconscious sickly feeling, even if people aren't aware of wall color impact. That pale green in the bathroom is a yuck Yes, it's light, but it's green.
Yeah. Green doesn't work much in pictures for selling
That’s a white person problem
Also dining rooms.
Your new sellers playbook is fabulous, everyone thinking of selling their home should print it out 👍🏼
Thank you SO much, Kathryn!! bit.ly/TLHSellerChecklist51
I would love it if you did a video about buyer do's and don'ts of setting up for an open house or showings. Things like is it okay to require folx to take off their shoes or wear booties? Can buyers use/set up video cameras? Should dog crates be removed? Should refreshments be offered? Etc...These are the little things that I've never heard anyone talk about because it's always clean, clean, clean, etc., which is pretty obvious. I'm talking about those less obvious things. Pretty please!! ❤
My thoughts would be...
- I'd be pretty careful about the booties thing. Maybe you have some kind of a special, delicate floor, but generally when people require booties or shoes taken off it gives me kind of a bad vibe.
- If someone is going to set up a camera they had better make sure it's well hidden. Seems a little "unwelcoming".
- I would remove the dog crate if at all possible.
- I wouldn't offer refreshments. You're there to look at the house, not for me to entertain you. I would, however, invest in an expensive, great smelling candle.
Moved a lot with DH’s work. I quickly learned the hard to focus on resale when buying and decorating. Totally agree.
Can you please explain because we are in the same boat with moving for work. What homes do you buy for resale within 2-5 years
A spacious laundry is so exciting
Hi, I really love your videos and the deep perspective you're giving on what is worth or not doing to make the best possible deal when selling house. However, what's always really surprising to me (European) is how often you people in US change houses.. Sb moving to a new house already thinking about selling it in 5 or even 10 years.. I've seen three examples in some of the videos.... wow.. it's such an effort to find the rights property, adapt it your exact needs and to fit your taste, decorate and personalize it, get to know the neighbourhood and make friends... And all that thinking it's only temporary... I mean - I totally understand that people in different stages at life have deifferent needs... Single in his 20s, family with 2-3 kids, elderly couple with adult kids living separately - I totally get that - seams resonable to rent in the beginning, be flexible with location, trying which location is the best fit and later just buy sth and settle there for at least 20 years to raise your kids. Changing more often screams to me - so much hustle...😂 I'm too lazy to even think about it😂 will appreciate to get other viewers perspective 😁 how often you change places? And do you think it's worth the effort?
I'm glad you are a Realtor concentrating on how to add value. I'm now fixing up my place for me, but keeping my eye on what makes sense.
I have a developer fireplace, interior is loft style. Instead of tile around the fireplace, I'm thinking venetian plaster. Tile can go out of style. I'm thinking Venetian plaster would be less expensive and less risky. Tile is expensive to replace, Venetian plaster, just paint over.
Venetian plaster or modern tile?
My place has good bones. I'm doing my place over time. I think it will be my forever home, but in case I sell, I want it turnkey, but to put a smile on my face when I come home.
I love your videos and helpful ideas!
I'm so glad! Thank you!
Thank you so much! My house is going on the MLS today. So much stress getting everything perfect! You're making this much easier.
You are very welcome! Keep me posted!
Thank you for your tips on deferred maintenance. I took a screen shot of the list!
Love it!
I remember that home going on the market about a year ago! I think the 'close to town' location helped sell it quickly!
Thanks for the videos, thinking of selling in the next year! Going to Start prepping and cleaning soon!
That’s great!
You seem extremely articulate and well-versed! I'm interested in both your paid and free materials. But not at the cost of being inundated with marketing calls, texts, emails. That's what it looks like the requirement is, in addition to payment.
Love it when what I've known is confirmed. 😊
So glad!
There are two 3300 sf 20 year old homes in my neighborhood that have the same builder, size, etc. One had the updated kitchen and primary bath with a 900 sf finished basement (not walkout). The difference in sale was 250K!
Why would I sell my 3% mortgage to buy into almost 8%? Does not make sense.
Agree, but some people have to move.
I wanted to thank you so much for sharing what you do in your videos. The advice is absolutely effective when put into practice. I have learned so much from watching! I followed your suggestions when preparing our home for sale. We needed a quick sale, with the best closing date and for the best price, with a good strategy. We started preparing our home a year before the sale by taking care of anything structural and obvious first. We also did a small renovation creating a beautiful space that could function as an office, or a family room or even a 3rd bedroom. And then we cleaned like we’d never cleaned before….like using toothbrushes and cotton swabs. We declutterred over the course of a year as if we were moving across the country (which we were). It worked. Our home sold in under a week, with competing offers, for a great price and quick closing. Thank you so much!
I am so excited to hear this and that you shared with me!! Congratulations!! You are a real life case study for me!!
Thank you for all of the good advice! I'd love your opinion about 1970s popcorn ceilings and maybe removing them as a potential good return on investment prior to selling.
Hi. Thanks for your comment! I don’t think it’s worth it to remove. You won’t get the return on it.
One thing I absolutely HATE about real estate is how you can have two comparable houses in the same location but one is updated and very nice and the other is anything but that and they sell for similar prices. Homes are not listed correctly at all and also give little incentive to maintain your house. A home inspection should be done by the seller and the report attached to the listing so potential buyers can see exactly what they are getting and so the listing agent can do a proper listing. The current system of having the buyers do the inspection just passes all the defects on and on to each buyer because there is no incentive for anyone to fix anything.
Ha I know this house ! Great video !
Thanks!
I live in a ski condo where all the units are the same. Built in the 1970's, all the doors and windows are original and match. The windows are paper thin b/c of the year of construction, but I wish to change out my only window due to energy conservation. But then it won't match the others. I also want to change out the front door, except it matches all the others. I've been told I can change anything I want in my condo as long as I don't make any structural changes.
Most people here rent their condo so renters wouldn't really care much. I'm amazed how severely outdated so many condos here are. I'm a mid-century modern gal, myself, but all the condos here have the big, bulky and out dated furniture because, well, I guess that's what renters want. They're coming from the cities wanting a foresty cabin feeling with dark wood and a cozy feeling. But my condo is so dark, I want to lighten it up. But what I want to live here might not be what renters want to rent. So I feel I must keep the dark & cozy for when I eventually sell it 2-5 years down the road. I'll add lighting, but I would love to make it more modern.
I am confused on the roof issue. When shingles are warranted for 30 years, AND in great condition, why would that be bad?
I am updating my home for selling. It was built in 1999 and we’ve upgraded hardwood floor, both heat pumps, toilets, all lighting to LED. This is a wonderful home in a pristine area. The kitchen has all Kitchen Aid appliances including wall oven combo and built in cooktop. Although they are in perfect condition, they’re 20 years old and white. Should I update to stainless steel? I would have to purchase a less quality brand because of availability. I appreciate your input.
Umm - I hate to be the one to say it, but KitchenAid appliances are not high end. And, if they are that old and white, that's a price deduct.
Living through the maintenance, or there lack of, right now. In-laws are trying to sell a family members house. Home built in 1960’s, no deferred maintenance done. Replaced the water pump, pipes started to leak bc it’s been decades since real water pressure was present. No water management against the house, deck is rotted, electrical panel is piecemeal. List of challenges and it’s been a nightmare.
Classic money pit it sounds like
That is the kind of property that "We buy houses" companies/people are good for!
Stop putting your good money into it. Sell it to a Flipper As Is.
I have an unfinished basement, it's a ranch house. We are working on purging clutter. Once that is done it will be important to get an industrial cleaning done and then have the floors repainted and the walls repainted. It is a cement floor and it has cinder block walls. I imagine this might cost us up to about $5,000, we live in a high cost of living area. Do you agree? Or do you have any other thoughts?
We are also trying to figure out what to do with an unfinished basement. Not planning to move within five years, but want to invest wisely.
If you get any moisture down there, make sure you get all of that sealed up. But there’s nothing better than a coat of paint to make something look good. And people will want to use that basement for something. You give them the basics they’ll take it from there.
Do you have any tips on what to look for when it comes to a carpet cleaning service? when I first moved into my house my realtor recommended a carpet cleaner who did a wonderful job; dried quickly, used natural essential oils, no residue. The realtor has changed careers. Any tips? Thanks
If I have a home built in 2006, with original kitchen appliances, and 2 HVAC units (I replaced one in 2020) that work but are nearing end of use, should I replace them before selling? If I don’t replace them, how do you arrive at a number to discount the home price? I don’t know how you determine home price in that case…
I would not replace the HVAC. Do you service them regularly? I wouldn't discount either. If it's working... it's good. If you have to give a credit before closing then it's a win for you.. probably less than paying for a new one
@@KatiSpaniak thank you so much. I do service them. What about the kitchen appliances? That’s really what I’m wondering. Like I said, they are all original, but still work, but they are at the point they will need replacing soon. Should I replace them myself, or if not, how much a discount do you decide for that?
Other than first-time buyers who won't recognize quality and simply want everything new because they're nervous, a seasoned buyer would prefer quality over shiny. I would KEEP your kitchen appliances. Back then, all but the cheapo appliances were still made to last decades, usually with American steel and components. Don't trash those reliable appliances to put in new shiny appliances that will only last 5 years. That said, markets vary from place to place, and many people prefer not to think longer-term.
I have one HVAC system that's 22 years old, but humming along just fine. I had the same question.
Ugh! My home.. I watch and watch your vids, printed the playbook and can not get it. I guess because my area has homes going for 270s-350s..
Im wondering if selling AsIs whats needed since this house needs all new windows, new kitchen cabinets, concrete out front, ( steps/ walkway) some electrical wiring is aluminum.. 6yr heater, no central air.. I mean some thing are updated, and grear potential - end of row, huge front/side/rear yard… but I really need to use my savings ( on a fixed income) and move.
I dont think putting it into this house will get the return needed.
Join our Facebook group and I can answer your questions facebook.com/share/VmY3drZfRtgynMQf/?mibextid=K35XfP
Thank you!
I’m a little confused. I’m hearing that white cabinets are going out and changing back to stain wood. Also that open concept designs are going back to separate rooms. However, you were recommending to put in white cabinets if you’re planning to sell within the next five years.
This is what I am afraid of. But I am perusing interior decorator sites and they are suggesting a combination of painted with wood in a layered look. The WSJ had a page on it.
my area buyers reject homes smaller than 3000 sq ft, smaller wont sell, those willing to buy smaller homes are hud and cant even afford the cost of an empty lot. small homes no matter how new and high end are valued at tear down prices and only flippers buy and turn them into huge mcmansions. Arizona is a weird difficult market in certain areas.
I need new kitchen. Redo ceiling. All 2.5k sqft flooring. Never replaced windows. We have awful landscaping. Spouse scifi geek. I am overweight coauch potato. I don't entertain thats my husband. I am just the wife. He is awesome and spoils me. He lived in one house from birth until 21. Now we have been in this house since late 90's.
Our dog has sarted to ruin carpet and doors. My husband like carpet.
def,,, u need a padded cell..lol
you forgot new A/C! very important! Stop repeating yourself! It's a waste of our time.
Don’t watch if you feel like I’m wasting your time! Thanks!