Investor · Porter Ranch / Northridge, CA · Member since 2015 · 17 posts · 5 votes
Hey all, looking for advice from people familiar with the market in Arcadia, California. I have a property on Loma Lisa Lane that is 6/4 sfh 2860sq ft on a 7400 lot. I'm not interested in opening walls or anything but can put in 80k to redo kitchen, bathrooms, walls, pools, flooring, etc. It would take my contractor about 6 weeks to do this, but for this area, would it add value? I hear most buyers in this area usually remodel before moving in so I'm interested in finding if selling As-Is is comparable in this area.
Lender · Phoenix, AZ · Member since 2018 · 440 posts · 256 votes
4y
To your point, in nicer areas buyers usually remodel regardless of inside condition. I've seen people have full 6 month remodels on nice $1M+ homes. That being the case, anything that you can do that wouldn't be too custom and they'd need to do anyway would help. I think the lowest hanging fruit would be the popcorn ceilings. Bring the perception from the house needing a "Full-Gut Job" to "Update".