We have a contract on our house and are closing on June 28. Sold in 11 days with 3 offers. Our realtor gave us a list of asking prices for all, some and none of the improvements we could make. The house is 15 years old so we opted to replace the appliances with stainless steel and recarpeted. We remodeled the master bath and kitchen 5 years ago. In all, we spent about $5000 to prep it but got our asking price with no negotiations. We feel it was totally worth the expense. Our realtor manages properties and got us her discount for the carpet. It is not a quality or pad I would choose, but people loved the fact that it was new. We had what I call the House Hunters Big Four: stainless, open floor plan, granite and hardwood. I don't think there is a right answer for everyone so you need to choose what works best for you. Good luck with this wild housing market.
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