Today's home buyers are busy people and usually want to buy newer homes or those that have been updated. Others do not have the vision or experience to see a homes potential if some cosmetic changes were made. While this is understandable, buyers pay a premium when they buy updated properties.
If a home is in a good location, has been well maintained, has a floor plan that would be comfortable for you and your family, and meets your general criteria, try not to let first impressions cause you to dismiss it too quickly. Look at the space. Are you reacting negatively to wallpaper, paint colors or unattractive furnishings? Is the kitchen floor plan satisfactory so that cabinet refacing and new counter tops would give it the look you are would like? Paint, tile and new carpeting are relatively inexpensive. Cabinet refacing and granite counter tops are more costly, but may be bargains compared to the increased cost of a home in which these changes have already been made. Unlike a total kitchen makeover in which the floor plan and pluming are changed, cabinet refacing and counter top replacement will not disrupt you lifestyle for an extended period of time.
Homes with dated interiors frequently stay on the market longer and have price reductions before they sell. If you can see potential and are willing to do some updating yourself, these homes may be the best buyers on the market.
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