Advice for Sellers

Renovating before a sale: what pays back and what does not

FAKTOR team
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The question comes from almost every owner: put money into a renovation and sell for more, or sell as is. The short answer is that a full renovation before a sale almost never comes back in the price in full. What does come back are the small jobs that remove the buyerʼs sense that this apartment will need work.

The reason is simple. A renovation is taste. You chose the tiles; the buyer did not, and they do not want to pay for someone elseʼs taste. What they will happily pay for is not having to hire a crew the week after the deal.

What genuinely adds to the price

First, anything to do with water and electricity. Plumbing that does not drip, risers that do not leak, a panel where it is clear what goes where. A buyer does not see the pipes, but they do see the stain from a leak on the bathroom ceiling, and that stain costs more than fixing it would.

Second, windows. Old wooden frames in a building where the neighbours have already replaced theirs read as the first job to be done, and the buyer deducts the cost for the whole apartment rather than for one window.

Third, the front door. A cheap dented door ruins the first impression before anyone has stepped inside. Replacing it is inexpensive and noticeably changes how the apartment feels.

Fourth, light. Working bulbs in every room and one warm colour throughout rather than three different shades. An apartment with decent light looks larger both in photographs and at a viewing.

What adds nothing

A designer renovation to your own taste: coloured walls, an elaborate ceiling, fitted wardrobes built around particular belongings. At best the buyer tolerates all of it; more often they count it as the cost of removal.

Expensive appliances and furniture are not part of the price of the apartment. They are part of the negotiation as a sweetener, which is a perfectly good tool, but their full cost will not go into the price.

Replacing bathroom tiles with other tiles of the same standard. The money is spent and the price does not move.

Repainting everything white when the walls were a reasonable colour already. An expense with no effect.

A week of pre sale preparation

There is a set of jobs that almost always pays back and is quick to do. Clear out everything surplus, including whatever is on the balcony and in the storage space: an empty apartment looks larger, while a crowded one reads as smaller than it is. Clean the windows and frames. Deal with smells, particularly in the kitchen and bathroom. Adjust doors so they do not creak and handles so they do not wobble. Replace dead bulbs.

That is a few days of work and modest money, and at a viewing the difference shows immediately. The photographs after such preparation are different too, and photographs are where the buyerʼs choice begins.

When no renovation is needed at all

If the apartment is in a building where people buy to gut and rebuild, there is no point investing. That means the old stock in the centre, large floor areas in Soviet era buildings, anything a buyer takes on for their own project. There what counts is the state of the walls and the services, not the finishes.

Equally, there is no point investing if the apartment sits in the lower price bracket of its district. A buyer on that budget counts every thousand and will take something cheaper without a renovation over something dearer with one.

And separately: do not start a renovation during the sale. An apartment mid works does not sell at all, there is no point showing it, and the schedule always runs longer than promised.

What to do with furniture and appliances

Whether to leave them or take them out depends on the property. In an apartment aimed at letting, furniture is a plus: the buyer counts on not spending on furnishings. In an apartment someone will live in themselves, old furniture gets in the way, because people measure a room with their eyes and cannot see it past someone else wardrobes.

Only appliances that work and look decent stay. An old washing machine in the corner reads not as a bonus but as something the new owner will have to carry out.

A practical rule: leave everything you would not take to your new home and are not embarrassed to show. Remove the rest before the photo shoot, not before the viewing.

What it costs and how long it takes

The pre sale preparation described above takes a few days and a sum you can see at once: clear out the excess, wash the windows, replace the bulbs, adjust the doors. That work almost always comes back either in the price or in how fast the sale goes.

Replacing the front door and small plumbing repairs take about a week and noticeably more money, but they usually pay off too, because they remove the buyer main objection.

Replacing the windows throughout the apartment is a separate decision. Two weeks at least, a substantial sum, and it does not come back in full: the buyer will note the new windows but will not pay what you spent on them.

A full renovation before a sale takes two or three months and has the worst arithmetic of all the options. In that time the market shifts and the apartment does not sell at all.

The general rule: the smaller the job, the better it pays back. Large spending before a sale is almost always better handed to the buyer as a lower price.

What to do next

We look at the apartment and tell you plainly what is worth doing before the sale and what will not move the price. If work is needed we can take it on, from pre sale preparation to a full renovation, with a costing and a timescale agreed before anything starts.

Looking for an apartment in Odesa?

We will shortlist options for your budget and guide the deal from the first viewing to signing.

FAKTOR team
Real estate agency: sales, new developments, rentals and legal support of deals in Odesa.
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