Don’t overdo home upgrades

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

DEAR BERNICE: We're thinking about selling our 9-year-old home. It has the original appliances. There are quite a few new homes on the market about a mile from where we live. What can we do to compete? Do we need to update our kitchen? --Sally U. DEAR SALLY: As a general rule, it doesn't make sense to do major upgrades on your property. What you select to upgrade may be what the buyer hates most about your property. In other words, what you pick out, the next buyer may tear out. Nevertheless, this doesn't mean you shouldn't spend some money upgrading your property before you list it. We were facing a similar dilemma when we sold our home -- lots of competition from new homes just a mile away. Even though I have 31 years of experience and have trained thousands of agents, I hired the most competent Realtor I could find to represent us. She did a fabulous job. In fact, we sold the house in one day at full asking price. Here's what she advised us to do: 1. Take down the ki...