Should I Remodel My LAmbiance Unit?

LAmbiance – Pelican Bay – Naples, FL – “Should I spend money remodeling my LAmbiance unit before I sell?”  This is a questions I get asked quite frequently. The other question I receive is “If I remodel my unit, the new Buyers could come in and rip everything out, right?”

One of the important things I have learned in real estate is there is never one clear-cut answer except for: “Yes, you should take the chandelier down BEFORE we put the condo on the market.” I can tell you my experiences with Buyers in Pelican Bay have taught me that most of them do not want to do ANY remodeling. By the time a Buyer is able to afford a second home in a beach community such as Pelican Bay, they have already lived through remodeling a home.  They are at place in their lives they want to relax not sacrifice beach time to wait on contractors.  They also do not want the stress involved in attempting to remodel a place in Pelican Bay from afar.   If they do make the decision to purchase a unit that needs remodeling, the price will likely have to be at rock bottom levels.

Let’s get back to if you should remodel your LAmbiance unit before you sell and let’s look specifically at our garden units.  In 2016 we had 12 garden residences sell.  In doing my calculations, I threw out one of the sales because of the circumstances of the sale. We had 6 garden units that were not remodeled units and 5 units that had upgrades in kitchens and baths.  The average price per square foot of the basic units was $324.90.  The average price of the units that had been updated was $351.34. Please keep in mind that these are averages.

How do you determine if you should remodel? If you have 1349 square feet that has not been remodeled, you’d be at an average sales price of $438,290.00.  If you were remodeled, you’d be at $473,957.00.  The cost of your remodeling shouldn’t be over $35,667.00.

You do not want to spend the money to remodel?  Call me.  I have worked with Home Stagers who can do wonders in your unit for much less money than it would cost you to remodel.  Here are a couple of examples of what Stager can do.

Before Home Stager

The same room after Home Stager had carpet changed, painted and brought in her own furniture and accessories.

Here’s another example of an owner who wanted to leave his unit vacant for showing:

Before Home Stager went to work.

After Home Stager had new paint and put in her furniture and accessories.

Look at the difference in the Kitchen

Before Home Stager. Note older appliances and cabinet pulls.

After Home Stager. Note new cabinet pulls. Dishwasher was replaced.

After Home Stager. Pops of color were added. Refrigerator was replaced.

See below how a bathroom can be spruced up.

Master bath before a Home Stagers touch.

Paint, new cabinet pulls, faucets and the light fixture were all suggested by the Home Stager.

If you are thinking about selling your L’Ambiance unit, please call me before you decide to do any major remodeling.  I’d be happy to discuss current market conditions and give you selling tips. I have a list of buyers who are looking for specific units in LAmbiance. ESPECIALLY FIRST FLOOR THREE BEDROOMS UNITS.   I’d be happy to discuss not only the pricing in LAmbiance but the pricing for low-rises in Pelican Bay and low-rises in Naples to see how your unit fits into the equation.

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About the author:

Lynn Wilber is a Real Estate Professional who lives in Pelican Bay. Her 39 years of real estate experience and her area expertise have been valuable resources to Pelican Bay Sellers and Buyers. For more information, please contact Lynn Wilber via e-mail atLynn@NaplesBuys.com or call 239-594-2780.

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