Q: My partner and I are unexpectedly moving out of state this fall and need to sell our Westchester, N.Y., house. When we bought it five years ago, it hadn’t been renovated in decades. We’ve updated every room except the kitchen, which has old vinyl floors, stained Formica countertops and outdated cabinets. What should we do? My partner thinks if we don’t renovate it, we’ll lose money on the sale. But that seems like a huge headache — and expense — especially right now. What do you think?
A: Your dated kitchen may stand out to a buyer simply because it looks out of step with the rest of the house.
“If the rest of the home is in triple mint condition and the kitchen is from the 1940s, then you have an issue,” said Ari Harkov, an associate broker in Manhattan with Brown Harris Stevens.
The good news is, even if you decide against renovating the kitchen, you are still listing your house in a sellers’ market where inventory is low and prices are rising in areas like Westchester. An eager buyer might see your kitchen as a blank slate.
you are shopping, and perhaps hiring workers, in a pandemic. So make sure the materials you need are readily in stock and workers are available for hire before you place an order. You don’t want to end up waiting months for a new countertop that was supposed to make it easier to sell your home, not harder.
For weekly email updates on residential real estate news, sign up here. Follow us on Twitter: @nytrealestate.