Mark Wisterman's Paradise & Lake Oroville Real Estate Blog

One of the biggest dilemmas facing potential sellers, in what is a very difficult market from their perspective, is what to do about making repairs, or performing upgrades to a home before placing it on the market.

Over my nearly 16 years in Oroville real estate market, I have consistently counseled sellers to be very careful about putting money into repairs and upgrades of their homes as it very rarely means that they will see all that money come back to them in the sales price of the home.

A recently released report by Remodeling Magazine provides some valuable data on what your expected return might be on monies used to  upgrade or repair your home. The information I am linking you to is for the Sacramento, California area as this is the closest area to the Lake Oroville area that the magazine rated.

While looking at these numbers keep in mind that this is a survey which only concerns itself with dollars spent vs. dollars recouped. Another major factor you should consider when judging the return on your investment is that, while almost none of the items surveyed paid for themselves, many of these items may actually help your home sell faster, which is of value in itself.  Remember: TIME IS MONEY!

Be sure to click here to see the report in its entirety.

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