As everyone knows, many factors affect a home’s value. Recently rehabbed and updated homes always sell faster and for a higher price since buyers are willing to pay a premium for a move-in ready home.
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In the last 12 months, 93 homes have sold in East Wilmette, 32 of which were considered recent rehabs. The 32 recently rehabbed homes, on average, sold for 95% of the original list price and in 38 days while the non-rehabbed homes sold, on average, for 92% of original list price and in 51 days. (Based on Midwest Real Estate Data, as of 1st quarter, 2016). At $1,000,000, the difference between 95% and 92% is $30,000. We can help ensure you don’t leave money on the table!
Homeowners often ask Realtors to quantify the value of a home improvement they have made or plan to make. Check out an excerpt from the Remodeling Impact Survey: 2015, published by the National Association of Realtors. Take a look to see how home improvements compare. Sometimes, smaller projects such as paint, refinished floors and landscape deliver the largest returns!
As always, I welcome the opportunity to serve you with all of your real estate needs. Call or email any time – I’d love to hear from you!
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