The move vs. renovate thread from yesterday got me thinking a bit...
We're pretty set on moving in probably 1.5 years (summer of 2022) from our first home. Our house is a 3 bedroom, 1 bath with an additional bedroom in the basement that is conforming w/ egress. I've considered adding a 2nd bathroom in the basement - nothing fancy, just a fairly simple bathroom with full size shower.
I'd love to hear people's thoughts on if a project like this is worth it. Obviously it would help sell our house a bit easier once that time comes as I'm sure many people will just not even look at a 1 bedroom house, and we'd get the benefit of using the 2nd bathroom for a year or so. I just don't want to spend $10k on a bathroom if it's only going to add $5,000 to the sales price.
Thoughts? Would also appreciate hearing stories of renovations you all have done (not necessarily just bathrooms) before selling.
~ Haven't read through the responses, but a 2nd bathroom would be a must I would think-- it also increases the finished square footage (albeit small amt) and will open up your home to a larger pool of buyers.
The last 20-24 months have been crazy, and buyers have been making offers on homes from a 3D video or just pictures.
One thing not to do---don't spend 30K on a new kitchen, etc. It will help you sell faster but you won't recoup anywhere near the investment. The best way is to add finished square feet.
Also, you can probably sell the home on your own. Have a good photographer take exterior/interior pics, and create your own listing on Zillow. Don't try to take your own pics with a cell phone.
~ If in the DM area, look into FSBOHomes.com
You do NOT need your home listed on the MLS.
~ A complete
myth that realtors try to convince their prospective sellers. NOBODY goes through the MLS. Antiquated, outdated and unnecessary. 95% of buyers find their own homes through Zillow, Trulia, realtor.com
Selling it yourself--just find a real estate attorney and/or closing company to handle the purchase agreement/deed documents, and signing. Easy stuff