Key Conversations | #29 - What Home Buyers and Sellers Should Actually Spend Money On copertina

Key Conversations | #29 - What Home Buyers and Sellers Should Actually Spend Money On

Key Conversations | #29 - What Home Buyers and Sellers Should Actually Spend Money On

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Buyers and sellers can both get distracted by the wrong things.For buyers, it might be paint colors, outdated light fixtures, old appliances, ugly furniture, or minor cosmetic damage.For sellers, it might mean spending thousands on a full kitchen remodel, expensive new appliances, or upgrades that look great but are unlikely to produce the return they were hoping for.In this episode of Key Conversations with CJ and Katy, we talk about what actually matters when you are buying a home and where sellers should think carefully before spending money ahead of a sale.For buyers, we break down the things that are usually easy to change after closing, including:- Paint colors- Light fixtures- Appliances- Furniture and staging- Minor cosmetic damage- Other relatively inexpensive updatesInstead, we would rather see buyers focus more attention on the things that are difficult or impossible to change.That includes the location and immediate surroundings, the lot, privacy, orientation, natural light, layout and functionality, major mechanical or structural concerns, and how the home may perform when it is time to sell again.Sometimes a home that does not show perfectly can actually be the better opportunity, especially if other buyers are getting hung up on cosmetic details.Then we flip the conversation to sellers.There are plenty of projects you can do before listing, but that does not mean you should do all of them.A full kitchen remodel right before selling may not make sense. Neither might expensive appliances, highly personal upgrades, replacing perfectly functional items simply because they are dated, or improving the home beyond what the neighborhood can reasonably support.Instead, we often recommend focusing on the improvements buyers are more likely to notice right away.Fresh paint, deep cleaning, decluttering, fixing deferred maintenance, improving curb appeal, addressing flooring when it hurts the presentation, and making smaller updates that help the home feel clean and well maintained can often be a much smarter use of your money.We also answer the question: If a seller handed us $10,000 before listing and told us to spend it wherever we thought they would get the most back, where would we put it?Whether you are buying around Lake Minnetonka, Mound, or elsewhere in the western Twin Cities suburbs, or getting ready to sell a home in the area, the goal is the same: focus your time and money on the things that actually move the needle.Watch the full episode of Key Conversations with CJ and Katy on YouTube or listen on Spotify, Apple Podcasts, or Amazon.You can also search homes, get a home valuation, and find more real estate resources at www.norman-homes.com.If you are thinking about buying or selling and want help deciding what is actually worth paying attention to, reach out anytime at letschat@norman-homes.com.Want to feel more confident buying, selling, and owning a home? Subscribe to our channel for new episodes of Key Conversations each week, and get to know CJ Norman and Katy Norman better at www.norman-homes.com

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