Existing Homes For Sale Need Upgrading and Updating

As I travel around my selling area, I see more and more homes that are in need of upgrading and updating.  After being at a standstill since the housing decline, new construction is on the rise again but it seems to me there is not enough inventory of new or "move-in ready" homes to satisfy demand in my area.   Homes needing a little "TLC" or updating are priced lower to take into account the work needed to bring them up to date and for the buyer willing to take on the required projects, these homes present a lot of possibilities and a good return on investment.
The real estate market and live and work in is a retirement area.  Therefore, most of the buyer clients I see do not want to make renovations.  When it comes to remodeling or home improvement, they have "been there, done that".  They are looking for a retirement home complete with all the comforts and modern conveniences they can afford already in place.

 If you're thinking about making some upgrades to your home, check out what characteristics are important to today's home buyers and what cost vs. value is for different remodeling projects.  The investment you make in your home will increase its value and pay off at resale.