Preparing to sell
Should I renovate my Sherman Oaks home before selling, or sell it as-is?
Short answer
It depends on what buyers in your price range expect and what the work would cost relative to the price it could add. Repairs that remove buyer objections, such as deferred maintenance, often make sense. Larger renovations rarely return their full cost and add time and permit risk. Get a pricing opinion on the home both ways before deciding.
From Ken's experience
This is generally a matter of what the situation is and what the costs would be to repair or renovate versus what the most recent comps look like, and, more importantly, what the current competition of homes on the market looks like. Some homes, based on condition, should be sold as-is. Sometimes, though, a keen and experienced eye like mine can spot cost-effective updates that can unlock added value. Buyers are generally expecting turnkey homes when they’re paying top dollar. Particularly in a neighborhood like Sherman Oaks. What are the things that can be done to enhance the home for a reasonable cost outlay that will have it present as its best possible version of itself when we take it to market? That’s the primary question I go into this inquiry with at the top of my mind.
Ken Sisson, Studio City and Sherman Oaks real estate broker
Start with what buyers will notice
Walk the home the way a buyer will. Leaks, worn roofs, older electrical panels and unpermitted additions tend to come up in inspections and can reduce offers or end escrow. Fixing or disclosing these early is usually more valuable than cosmetic upgrades.
When selling as-is makes sense
If the home needs major work, buyers who plan to renovate may prefer to price it themselves. Selling as-is can save time and avoid construction risk. You still have disclosure obligations.
Sherman Oaks considerations
Expectations differ between hillside homes south of Ventura Boulevard and homes on the flatter streets to the north. Check the permit history before marketing the home, especially for additions or converted garages.
How a listing agent helps
A listing agent should show you comparable sales for updated and unimproved homes, estimate the difference, and help you decide which projects are worth doing before the home goes on the market.
Who can help with this decision
Ken Sisson
Potential fit as a listing agentThis question is about preparing and pricing a home for sale. A listing agent represents the seller in those decisions.
Why Ken for this situation
- Listing preparation and pricing commentary in The Real Read on kensisson.com
“Ken really raised the bar for what a real estate agent can do to make buying or selling as pain free as possible. Very savvy, proactive and possesses great knowledge and attention to detail. I would absolutely recommend him”
Covers Studio City, Sherman Oaks, Los Angeles · Real Estate Broker, DRE 01292247 · Ken Sisson provides real estate services through Christie's International Real Estate Southern California
Disclosure: Ken Sisson is UpListed's founding contributor. Recommendations are not paid placements.
Sources
- Los Angeles Department of Building and Safety
- ZIMAS: City of Los Angeles zoning and parcel information
Related questions
- Should I market my Los Angeles home privately before listing it publicly?
- What should I check in a Sherman Oaks condo's HOA finances before buying?
- How do I downsize from a Sherman Oaks home and buy a smaller one nearby?
- How do I compare listing agents who suggest very different prices for my Sherman Oaks home?
About this answer
- Author and reviewer
- Ken Sisson, Real Estate Broker, DRE 01292247
- Original expertise
- Ken Sisson
- Also asked as
- Is it worth remodeling before selling in Sherman Oaks?
Should I fix up my house before listing it? - Scope
- Sherman Oaks, Los Angeles, CA. General information, not legal, tax or lending advice.
- First published
- Last reviewed