We're putting our home on the market. Our real estate agent is really good
and sells numerous homes in this part of Houston. She says we could put the
house on the market at X dollars, and probably sell it rather quickly, since
it's a nice house in good shape. It also has a larger lot than the
surrounding homes and all sorts of recent upgrades to AC/Heating, Water
Heater, Fence, Hardwood floors throughout, etc. The bathrooms and kitchen
were updated before we purchased the home in 2005. The updates were good,
but they didn't do all the granite counter-tops that everyone (except us)
likes these days. We don't particularly like granite and decided to leave
the counters alone until we did a remodel, that we are not going to do now.
So, our real estate agent says we could sell relatively quickly at X dollars
by only making some cosmetic (paint, etc.) changes. Or, we could make X +
$$$ if we put in granite counter-tops in the kitchen and all bathrooms for
We have our mother-in-law living with us now and the construction would be a
huge disruption for her. Also, the original listing price that the agent
says we can get, without putting in granite, is about what I have been
expecting to get. If we do the granite, we can get a lot more than the 10K
we'll be putting in.
However, and don't take this the wrong way please, we don't really need a
lot of money out of the house. We have a lot of equity and our house will
sell for a LOT more than what we paid for it in 2005. The real estate prices
for existing homes in Houston (in our area, never flooded) have stayed up
there, even with the downturn in the oil/gas biz.
Put in the granite for 10K?
(By the way, this is the documented quoted price from the counter-top guy
what is ($$$$ - $10k)*(1-selling cost %)?