Home Improvements to Sell Your House Before You Retire
Retiring boomers looking to downsize may be in for a shock when they decide to sell their homes. They may find out that the homes they’ve lived in for decades need thousands of dollars in updates and renovations to attract buyers.
Realtor Lisa Bailey-Harper at LBH Group in Northern Virginia says young home buyers with heavy student loan debt have no interest in paying, say, $500,000 for a home and then having to renovate it themselves. They want one that’s move-in ready.