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Repair or Renovate?

We've already looked at some of the problems, such as odors and leaks, that can send buyers running in the opposite direction. But what about other improvements?

Here are a few rules of thumb:

  • If it's broken, fix it: You wouldn't want to buy a car that stalls at stoplights, and you wouldn't want to buy a home that needs repairs. If the roof leaks, the toilet runs non-stop, or you have to jiggle the kitchen light switch to get it to stay on, fix them.
  • If it's bad, make it good (maybe): If something isn't broken - just ugly or outdated - think before you improve it. You may love the idea of changing your old vinyl blinds for wooden ones, but your buyers may not love it enough for you to recoup the expense. Consider upgrading areas that can make a difference to buyers, such as replacing worn-out vinyl flooring. Remember, anything you do to your home needs to either help you sell it, or help you get a better price.
  • If it's good, don't make it great: It's true that some home improvements, like upgraded kitchens or bathrooms, really do add to the value of your home. And, if you've made those improvements in previous years, prepare to reap the benefits. But it's risky to start an expensive kitchen or bathroom renovation right before you sell your home: This work can be extremely costly, and there's a good chance you won't recoup all of your investment.

Office Locations

  1. Landoak
    Realty Executives Associates
    10255 Kingston Pike
    Knoxville, TN 37922
    Phone:(865) 693-3232
  2. Bearden
    Realty Executives Associates
    109 Northshore Dr. Ste 200
    Knoxville, TN 37919
    Phone:(865) 588-3232
  3. North
    Realty Executives Associates
    3232 Tazewell Pike
    Knoxville, TN 37918
    Phone:(865) 688-3232
  4. Maryville West
    Realty Executives Associates
    1213 W Lamar Alexander Pkwy
    Maryville, TN 37801
    Phone:(865) 983-0011
  5. Maryville Downtown
    Realty Executives Associates
    535 W Lamar Alexander Pkwy
    Maryville, TN 37801
    Office:(865) 984-1111
    Fax:(865) 983-4621
  6. Ebenezer at Westland
    Realty Executives Associates
    8915 Linksvue Drive
    Knoxville, TN 37922
    Phone:(865) 531-2020
  7. Oak Ridge
    Realty Executives Associates
    190 North Purdue
    Oak Ridge, TN 37830
    Phone:(865) 482-3232
    Fax:(865) 482-0203
  8. Sweetwater
    207 N Main Street
    Sweetwater, TN 37874
    Office:(423) 836-9494

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