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Advice on updates before sale in hot/warm market - Denver CO

I own a home in Denver, CO and will be listing for sale in the next couple of months.

  • 3 bed / 2 bath ~1600 sq ft
  • 2 car garage, large backyard
  • 10 year old carpet in living areas, hardwood in bedrooms, linoleum in kitchen and bathrooms
  • hasn’t been painted in 10 years, interior or exterior
  • roof: 7 years old, water heater 15 years old
  • Expected sell price: 475 to 525 (official comps being pulled by realtor now)

Denver is a hot market but as we know things are slowly starting to cool down now.

Question: what, if anything, should I update before selling to at least make my money back in a market like Denver? Here’s what I’m thinking:

1) paint interior only. Guessing this will run around $4k 2) replace carpet & linoleum with LVP for a seamless look in living area and kitchen, but leave linoleum in bathrooms. I would estimate this costs $10k 3) replace water heater for around $700

TOTAL: $14,700 - what would you change in my position?

submitted by /u/marmismitrem
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/vkakv4/advice_on_updates_before_sale_in_hotwarm_market/
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