In my last Blog post I talked about why it's important as a Seller to put in the extra effort when preparing your home for sale. Why you should take the time to paint the garage door, finish the little jobs that have been left undone so long, or maybe make sensible upgrades in order to achieve top dollar in your home. I mentioned that often Seller's see a neighbouring home sell for a high price, maybe even over market value and they want to achieve the same results even though they don't have the same shining home that the neighbour had and none of the upgrades.
The same is true for Buyer's though. Sometimes I feel that I show a Buyer several homes and of course the one that has all the pretty details and upgrades immediately goes to the top of the list, but of course they don't want to pay the added higher price. As a Buyer it's important to examine the differences between homes. Upgrades cost money and not all are created equal. Two homes can both have hardwood, but one is in perfect condition and the other is badly scratched from a pet. Two homes can have updated bathrooms, but one is all fixtures from Home Depot and the other is all custom with Toto toilets. Different renos / very different prices. It's important to be able to tell the difference between the upgrades and know what you are WILLING to invest to get the better quality product.
Maybe you are not willing to pay the extra for a turn-key home, maybe the upgrades don't have value to you - but they do have value. Even paint can cost a Seller thousands if they hire someone to paint the whole house. Understand what putting the same upgrades in your builder basic house will cost you not just in money but in time and convenience too. An upgraded home may be an investment of more money - but it might well be worth it!