Should You Renovate Before Selling Your Atlanta Home?

Thinking of selling your Atlanta home?

Wondering if you should invest a bit of money in your Atlanta home before putting it on the market?  Over the next few weeks, we are going to share some of our client success stories with you, including the the story of 411 Glenwood Avenue in Historic Grant Park….

This Intown Atlanta home was on the market THREE times (with other real estate agents) over the last few years when the UrbanMetro Atlanta Suburbs team Atlanta team was hired to list the home.  After looking through past photos of the home, we could see immediately that a professional photographer would have made the home look much more appealing online to potential buyers. The other thing that really stood out was the large but outdated kitchen and walls that just needed a fresh coat of paint. We made our pricing recommendations to the seller:

$275,000 if they listed the home with no updates

$300,000 to $315,000 if they made a few updates:

• • Paint the kitchen cabinets white, add new countertops and backsplash
  • Install modern tile flooring in kitchen
  • Paint all the rooms
  • Install new carpet in the back bedroom
  • Trim hedges and add mulch to front of home and pressure wash

The Grant Park homeowners decided to go with the latter option and we partnered with Tad Landau at Taskmaster Atlanta to turn this fabulous historic home into one that buyers wouldn’t be able to resist.

BEFORE & AFTER:

Because all the other kitchen updates were looking so fantastic, the seller also decided to do a few more things to make it feel new and fresh. They added recessed lighting ($450), the center island ($399 – thanks IKEA!), new stainless appliances and hardware.

As you can see the landscaping, pressure washed exterior, freshly polished floors and paint, really made this Atlanta home sparkle when potential buyers walked through the front door.

THE RESULTS $$$:

The seller spent less than $15,000 and the home received 8 offers (over asking price) in the first weekend for a final sale price of $331,000.

If they would have sold the home in the original condition, we may have been on the market for weeks with an estimated sales price of $275,000.

By spending $15K they sold for $56,000 more with a net profit of $41,000. Not too shabby!

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If you are thinking of selling your Atlanta home this year and would like to know what you can do to make your home “showroom ready,” please call us today at 404-205-8800. Even if you only have a few hundred dollars to spend, we can offer recommendations on where you will get the most for your money.

Learn more about the Urban Metro Atlanta Suburbs team Atlanta listing services

411 Glenwood Ave in Grant Park was exclusively listed by Jamie Walzer and Kerry Lucasse with the UrbanMetro Atlanta Suburbs team Atlanta Real Estate Group at eXp Realty.  This home sold in June of 2014.