This regularly-scheduled sponsored Q&A column is written by Will Wiard, Arlington-based real estate broker, voted one of Washington’s Best Realtors of 2015 by Washingtonian. Please submit your questions via email.
Q: I currently own a one-bedroom, one-bathroom condo that was built in the late 1990’s and I’m thinking about selling it to upgrade to a larger space. Some of my appliances are from the early 2000’s and the water heater is original. Should I pay the money to update the appliances before I sell?
A: This is a great question with a few factors to consider before moving forward. When it comes to adding updates to a property prior to selling costs are a big factor. Ask yourself: “Am I going to get a return on investment for the updates I am making?”
Depending on the kind of updates you’re considering you try can estimate the return. For example, if I spend $15,000 on all new appliances and I want to sell my place for top dollar, but the other similarly updated condos in the building are going for much less than my target price it’s probably not a good idea. However, if you’ve budgeted $5000 for new repairs it might make sense to offer it as a credit to a potential buyer so they can select the appliances based on their preferences. You can also get creative by giving the buyer options for updates they could purchase after closing along with the pricing.
Another question I often hear is: “Do I paint before I sell?” If you decide to paint prior to selling make sure to pick neutral colors. It’s also a good idea to stay on the lighter side for small spaces, like a one bedroom. The same goes for new carpet. Depending on the condition, like appliances, it might be a good idea to offer a credit to the buyer for new carpet, as well as paint and other updates.
To everyone in the ARLnow community — it’s been a true pleasure writing and connecting with you over these last few months. As I move into a new role in the real estate industry, I am passing this column along to my colleague and friend, Eli Tucker, who will continue to answer your questions and add a fresh voice and perspective.
I’m hoping some readers can share any additional advice they have in comments.
Thank you for this week’s question. Please send your questions to Eli at [email protected].
The views and opinions expressed in the column are those of the author and do not necessarily reflect the views of ARLnow.com.
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In loving memory of Joseph Robert Kapacziewski, who passed away in 2023 at the age of 41.
In loving memory of James Stuart Edmonds, who passed away in 2023 at the age of 84.
A man was shot in front of a lounge on Columbia Pike early this morning, continuing a string of violent incidents.
YULA’s ultimate frisbee spring season is now open for registration. We offer programs for middle and high schoolers – open to all players, whether they are new or have previous experience.Middle SchoolIn the Middle School league, mixed-gender teams practice once during the week and have games on Sunday afternoons. Spring league is a fun, safe, and positive environment. The season begins mid-March and wraps up with a tournament in early June. There are several options for practice days, so we can often work around schedule conflicts with other sports & activities.High SchoolThe High School program is organized by school of attendance and teams are classified by gender. New players will learn the basics in a supportive, welcoming environment. Experienced players will continue to develop their skills, and enjoy competition with other high school programs. The season concludes with a state level championship tournament in late May.All players are guided by experienced coaches who emphasize sportsmanship and good spirit. Ultimate is a fun sport with great camaraderie!YULA does not want finances to limit anyone from participating. Our middle school program offers a “Pay What You Can” cost structure and our our high school program is offering a $50 discount to new players.Visit our website to register and learn more. Sign up with a friend, but don’t delay, the season starts in March!http://www.yula-ulti.org
The Arlington-Aachen High School exchange is returning this summer and currently accepting applicants.
The sister-city partnership started in 1993 by the Arlington Sister Cities Association, which seeks to promote Arlington’s international profile through a variety of exchanges in education, commerce, culture and the arts. The exchange, scheduled June 17th to July 4th, includes a two-week homestay in Aachen plus three days in Berlin. Knowledge of the German language is not required for the trip.
Former participants have this to say:
_”The Aachen exchange was an eye-opening experience where I was fully immersed in the life of a German student. I loved biking through the countryside to Belgium, having gelato and picnics in the town square, and hanging out with my German host student’s friends. My first time out of the country, the Aachen exchange taught me to keep an open mind, because you never know what could be a life changing experience.” – Kelly M._
Valentine gifts for someone special or for yourself are here at George Mason University from noon -4pm on February 14, 2023. Satisfy your sweet tooth with Kingsbury Chocolates, find a handmade bag from Karina Gaull, pick up treats from Village