In markets such as this, it is not unusual for a home to have a market value less than the amount the owner purchased it for and has spent improving or maintaining it.
Not every dollar spent improving or maintaining a home will increase its market value. Improvements such as adding additional square footage or updating a kitchen or bathroom typically have a higher rate of return. Replacing old shingles or other maintenance projects will not necessarily increase the home's market value.
If you're thinking about making improvements to your home, contact your real estate agent as he or she can help you determine what project will give you the highest rate of return. And when you're ready to sell, your REALTOR® can help you determine the market value of your home, guide you as to how to price it, market the home, and guide you through the sale process.
I feel that there is some great info here for sellers trying to their Yakima Homes. Contacting a Realtor about which updates to make to your Yakima home before putting it on the market is something most folks don't consider. Buyers who walk into a home don't really care that it has a new roof or new well or septic....those are the basic essentials that every home should have and most buyers over-look those kind of improvements. However, a brand new set of kitchen cabinets or fresh modern paint choices and crown molding or new plumbing fixtures etc.. are key to first impressions and a sale. Location, condition and price are all very important factors and I feel that most buyers want to buy into a home that is updated and move-in-ready.
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