[quote]Cockney Blue wrote:
whatever you invest, you are unlikely to get back. [/quote]Mostly true imo
The persons offer will be based on what they can get a mortgage for. [/quote]Technically true - but I don’t think in the way it was meant. Obviously the buyer can offer more or less depending on how much they like the property
The valuation that sets the mortgage will not take any rennovations into account. [/quote]Pretty much. Unless your place is busted up, then they can count it against you
I was gonna say it doesn’t really make much sense to have a real nice kitchen if the bathrooms suck. What I mean is you’re probably not gonna get much return on investment for an upgrade of any kind. If you get a real nice kitchen, it says nothing to the rest of your property, much less the neighborhood and all. But if your property has weaknesses, then bring those up - you might get some bang for your buck.
Any upgrade will only be worth it if your buyer values it more than it costs you. (this is key)
This might be you if your discount is good. Also consider your neighborhood. How many of your neighbors would you expect to have granite countertops? This tells us what your buyer might be expecting / wanting
Then again - I’m no expert - I’m halfway talking outa my ass