[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f3l19fyheh38ai":3,"$f2emv3tus0uf1":38,"$fbwk2pqjjqsc7":42},{"item":4,"previous":26,"next":32},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":24,"updatedAt":25},3560,"the-best-use-of-time-and-money-when-it-comes-to-renovations","The Best Use of Time (and Money) When It Comes to Renovations","In the current sellers’ market, many homeowners wonder what, if anything, needs to be remodeled before they list their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – renovate before selling.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F08\u002F11133717\u002F20210812-KCM-Share.jpg","In the current sellers’ market, many homeowners wonder what, if anything, needs to be remodeled before they list their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – renovate before selling.\u003C!--more-->\r\n\r\nHere are some considerations a professional will guide you through:\r\n\u003Ch4>\u003Cstrong>1. With current supply challenges, buyers may be willing to take on projects of their own. \u003C\u002Fstrong>\u003C\u002Fh4>\r\nA more balanced market typically sees a 6-month supply of homes for sale. Above that, and we’re in a buyers’ market. Below that, and we’re in a \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F03\u002F29\u002Fwhat-it-means-to-be-in-a-sellers-market\u002F\">sellers’ market\u003C\u002Fa>. According to a recent \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnewsroom\u002Fexisting-home-sales-expand-1-4-in-june\">report\u003C\u002Fa> by the \u003Cem>National Association of Realtors \u003C\u002Fem>(NAR), our current supply of homes for sale, while rising, still remains solidly in sellers’ market territory:\r\n\u003Cblockquote>“\u003Cstrong>\u003Cem>Unsold inventory sits at a 2.6-month supply at the current sales pace\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem>, modestly up from May's 2.5-month supply but down from 3.9 months in June 2020\u003C\u002Fem>.”\u003C\u002Fblockquote>\r\nSo, what’s that mean for you? If you’re a seller trying to decide whether or not to renovate, this is especially important because it’s indicative of buyer behavior. When there \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F07\u002F13\u002Fwhy-this-isnt-your-typical-summer-housing-market\u002F\">aren’t enough homes\u003C\u002Fa> for sale, \u003Cstrong>buyers may be more willing to purchase a home that doesn’t meet all their needs and renovate it themselves later. \u003C\u002Fstrong>\r\n\u003Ch4>\u003Cstrong>2. Not all renovation projects are equal.\u003C\u002Fstrong>\u003C\u002Fh4>\r\nYou don’t want to spend \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F05\u002F28\u002Fhomes-across-the-country-are-selling-fast-infographic-3\u002F\">time\u003C\u002Fa> and money on a project that isn’t worth the cost or is too niche design-wise for some homebuyers. According to an article by \u003Ca href=\"https:\u002F\u002Fwww.renofi.com\u002Fblog\u002Fhome-renovation-trends-2021\u002F\">\u003Cem>Renofi.com\u003C\u002Fem>\u003C\u002Fa>, basing home updates on what’s trendy right now can be a costly mistake:\r\n\u003Cblockquote>\u003Cem>“\u003Cstrong>The last thing you as a homeowner want to do is center your home design around a passing fad\u003C\u002Fstrong> - even worse, one thats design quality won’t last a good while.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nBefore making any decisions, talk to your real estate advisor. They have insight into what other sellers are doing before listing their homes and how buyers are reacting to those upgrades. Don’t spend the time and money to be trendy – if your buyer wants to upgrade to the newest fad later, they can.\r\n\u003Ch4>\u003Cstrong>3. If you’ve already made upgrades this past year, your agent can help spotlight them.\u003C\u002Fstrong>\u003C\u002Fh4>\r\nIf you have already completed some renovations on your house, you’re not alone. The pandemic kept people at home last year, and during that time, many homeowners completed some home improvement projects. \u003Cem>HomeAdvisor’s\u003C\u002Fem> 2021 \u003Ca href=\"https:\u002F\u002Fwww.homeadvisor.com\u002Fr\u002Fwp-content\u002Fuploads\u002F2021\u002F02\u002FDP6428-TrueCostReport-2021-FINAL.pdf\">\u003Cem>State of Home Spending Report\u003C\u002Fem>\u003C\u002Fa> found:\r\n\u003Cblockquote>\u003Cem>“35% of households that completed an improvement project undertook some type of interior painting, while \u003Cstrong>31% completed a bathroom remodel and 26% installed new flooring\u003C\u002Fstrong>.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nLet your real estate professional know if you fall in this category. They can highlight any recent upgrades you’ve made in your house’s listing.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nWhen it comes to renovations, your return-on-investment should be top of mind. Let’s connect today to talk through any upgrades you’ve already made and to find out what you should prioritize before you sell to maximize your house’s potential.","\r\nWhen it comes to renovations, your return-on-investment should be top of mind. Let’s connect today to talk through any upgrades you’ve already made and to find out what you should prioritize before you sell to maximize your house’s potential.",false,[16,20],{"id":17,"name":18,"slug":19},6,"For Sellers","sellers",{"id":21,"name":22,"slug":23},9,"Home Prices","home-prices","2021-08-12T10:00:20Z","2021-08-12T10:00:21Z",{"id":27,"slug":28,"title":29,"featuredImage":30,"publishedAt":31,"contentType":10,"isVideo":14},3559,"are-houses-less-affordable-than-they-were-in-past-decades","Are Houses Less Affordable Than They Were in Past Decades?","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F08\u002F10163257\u002F20210811-KCM-Share.jpg","2021-08-11T10:00:28Z",{"id":33,"slug":34,"title":35,"featuredImage":36,"publishedAt":37,"contentType":10,"isVideo":14},3567,"sellers-are-in-a-sweet-spot-infographic","Sellers Are in a Sweet Spot [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F08\u002F12132329\u002F20210813-KCM-Share.png","2021-08-13T10:00:59Z",{"cover":39,"open":40,"shareSpread":41},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[43,47,51,52,56,60,61,65,69,73,77,81,85,89,93,97,101,105,109,113,117,121,125,129,133,137,141,145,149,153],{"id":44,"name":45,"slug":46},1,"Uncategorized","uncategorized",{"id":48,"name":49,"slug":50},5,"For Buyers","buyers",{"id":17,"name":18,"slug":19},{"id":53,"name":54,"slug":55},7,"Foreclosures","foreclosures",{"id":57,"name":58,"slug":59},8,"Infographics","infographics",{"id":21,"name":22,"slug":23},{"id":62,"name":63,"slug":64},11,"First-Time Buyers","first-time-buyers",{"id":66,"name":67,"slug":68},34,"Senior Market","senior-market",{"id":70,"name":71,"slug":72},35,"Mortgage Rates","mortgage-rates",{"id":74,"name":75,"slug":76},38,"Move-Up","move-up",{"id":78,"name":79,"slug":80},41,"For Sale by Owner","for-sale-by-owner",{"id":82,"name":83,"slug":84},42,"Featured","featured",{"id":86,"name":87,"slug":88},45,"New Construction","new-construction",{"id":90,"name":91,"slug":92},52,"Luxury \u002F Vacation","luxury--vacation",{"id":94,"name":95,"slug":96},53,"Rent vs. Buy","rent-vs-buy",{"id":98,"name":99,"slug":100},80,"Time-sensitive","time-sensitive",{"id":102,"name":103,"slug":104},81,"Outdated","outdated",{"id":106,"name":107,"slug":108},147,"Internal","internal",{"id":110,"name":111,"slug":112},148,"Do Not Autopost","do-not-autopost",{"id":114,"name":115,"slug":116},320,"Inventory","inventory",{"id":118,"name":119,"slug":120},321,"Agent Value","agent-value",{"id":122,"name":123,"slug":124},322,"Affordability","affordability",{"id":126,"name":127,"slug":128},323,"Buying Tips","buying-tips",{"id":130,"name":131,"slug":132},324,"Downsize","downsize",{"id":134,"name":135,"slug":136},325,"Economy","economy",{"id":138,"name":139,"slug":140},326,"Equity","equity",{"id":142,"name":143,"slug":144},327,"Forecasts","forecasts",{"id":146,"name":147,"slug":148},328,"Selling Tips","selling-tips",{"id":150,"name":151,"slug":152},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":154,"name":155,"slug":156},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]