Emilie Broughton Real Estate Blog

Repairs That Pay Off in a Cooling Market

 

Repairs That Pay Off in a Cooling Market

In the changing market, some sellers are remodeling properties to avoid cutting
costs. But what repairs or small cosmetic improvements will make a difference
between getting your asking price or giving a discount?

Between mid-July and mid-August 2022 about 95% of home sellers made updates
or repairs before listing their properties, up from 71% of sellers six to 12 months
ago according to Realtor.com. But not all renovations are worth the cost to sellers.
The top three interior remodeling projects with the highest return on investment
are hardwood floor refinishing, new wood flooring, and an insulation upgrade,
according to a recent National Association of Realtors report.

Some sellers might find that smaller fixes, such as a fresh paint job can make a
bigger impression on buyers than pricier changes such as a renovated third
bathroom. A big remodeling project, such as a new kitchen or deck might not be
worth the investment and can delay the seller’s timeline.

Bottom line: focus on more affordable projects that appeal to buyers and look
beautiful in photos.

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About Emilie

A transplant from the Pacific Northwest, Emilie has first-hand knowledge of the ins-and-outs of first-time home ownership and remodel. She has become involved in the local art community and all the diversity Southern California has to offer.

Emilie’s passion to be involved in her community led her to become a licensed Realtor and Broker.  She continues to educate herself with different aspects of real estate to support clients with a variety of needs.  She is certified as a Military Relocation Professional (MRP) to work with U.S. Service families and veterans to find affordable housing solutions.

Having worked for both a small boutique firm and a company with a global presence, in 2023 she formed Emilie Broughton Real Estate to work with buyers, sellers, landlords and tenants in California and New Mexico.

Emilie represented her region as a California Real Estate State Director for three years.  She has served as President of the Pasadena Foothills Association of Realtors and is a seven-time recipient of the Five-Star Real Estate Professionals Award for the outstanding service she provides to her clients.

Emilie Broughton Broker I Owner DRE#01880930
RBFB, Inc. DBA Emilie Broughton Real Estate, California DRE #02222069
New Mexico QB License Number REC-2022-0478