Selling a Probate Property:
What Improvements Should I Make Before Selling
a Probate or Trust Property?
Part 8 of 10
As a San Diego Probate and Trust Real Estate Specialist, I understand that the goal is to get the most money for your probate or trust property. Often times, spending a little translates into big returns. I’ve written this series to discuss the Top 10 Home Improvements with the Largest Return.
The National Association of Realtors (NAR) recently conducted a survey on this very topic. I’ve analyzed their results to determine how these would apply to sellers of probate and trust real estate in San Diego.
Of course the NAR is a great resource for real estate related topics.
#3 of 10 Most Popular Renovations Buyers Will Pay More For:
Walk-In Closet in Master Bedroom
You won’t be surprised to learn that 60% of the buyers polled by the NAR would pay $1,350 extra for a walk-in closet. Almost half of the buyers between the ages of 35-54 view a walk-in closet as “very important”.
Why is this feature important to buyers?
My answer would be “stuff”. We all have so many things that need a place, a home; a large closet provides the space for storing all our important items. The space is desirable because as we get older and acquire more clothes, a large closet allows people to be more organized.
I’m also told that it is a status symbol. I don’t get that one, but the NAR says that people like to show off their closet as in, “hey, check out my closet,” in the same way they say, “hey, have you seen my new kitchen?”
In conclusion, if your house has a walk-in closet, great! Here are a couple of inexpensive ideas to draw attention to it:
• Organize or better yet, remove the personal property
• Paint it white or a light color
• Install a higher watt light bulb (be sure the light fixture allows higher watt bulbs safely)