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.
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!