Why Fixing Up Your House Can Help It Sell Faster in Los Angeles and Beverly Hills, CA

Why Fixing Up Your House Can Help It Sell Faster in Los Angeles and Beverly Hills, CA | Christophe Choo at Coldwell Banker Global Luxury is Your Local Real Estate Expert

If you’re thinking about selling your house in Los Angeles or Beverly Hills, it's crucial to know that buyers are ready and able to pay today’s high prices, but they prefer homes that are move-in ready. A recent press release from Redfin highlights this trend:

“Buyers are still out there and they’re willing to pay today’s high prices, but only if the house is in really good shape. They don’t want to spend extra money on paint or new appliances.”

This makes sense considering the hefty investments buyers are already making. After purchasing, they may not have the budget for upgrades. If your home is outdated or needs work, potential buyers might pass it by or offer a lower price than you expect. With many homes now entering their prime remodel years (20-39 years old), there is a growing need for updates. According to John Burns Research and Consulting (JBRC), the number of homes in these prime remodel years is high and increasing.

For homeowners in Beverly Hills and Los Angeles, making selective updates can enhance your home's appeal and expedite its sale. But how do you know where to invest your time and money?

Why You Need a Real Estate Agent

Partnering with a local real estate agent is essential to making strategic improvements. Not all upgrades yield a high return on investment. As Bankrate advises:

“Before you spend money on costly upgrades, be sure the changes you make will have a high return on investment. It doesn’t make sense to install new granite countertops, for example, if you only stand to break even on them, or even lose money.”

A local real estate agent will understand what buyers in Los Angeles and Beverly Hills expect and can guide you on necessary and unnecessary updates. They know the market and what upgrades will increase your home's value and appeal, ensuring you make smart investments.

Bottom Line

Selling a house in today's market, especially in prestigious areas like Los Angeles and Beverly Hills, requires more than just listing it. Ensuring your home is in top condition to attract buyers willing to pay premium prices is key. Making informed improvements will provide the best return on your investment. Work with a knowledgeable real estate agent to understand what buyers are looking for and prepare your home for a successful sale.

Call Christophe Choo at (310) 777-6342 to tour your future home "HERE" or click "HERE" to estimate your home value