Plight of “The Kind-of-Dated House”

The good is the enemy of the great.


When it comes to enticing Buyers, “all new” is good (assuming it’s well-done).

“Hopelessly dated” isn’t so good, but when that’s the case, at least it’s usually apparent to everyone (including the owner) — and priced accordingly.

Which leaves the big, fat middle:  homes that aren’t quite state-of-the-art, but aren’t quite ready for complete rehab, either.

Call them merely “tired” (vs. “exhausted”).

Two problems

Such homes often encounter two problems finding Buyers:

One.  Seller (Mis)perception.

Sellers who live in the home day-to-day are frequently oblivious to ways in which it may now be dated; Exhibit A would be the home I saw on MLS recently that boasted “New Kitchen in 1998!”

Uhhh, that “new Kitchen” would now be almost 15 years old.

Two.  Buyer Quandary.

When everything’s just kind-of-dated, it can be hard to know where to start remodeling.

I’ve also seen Buyers balk at spending big money to replace things (carpet, Bathrooms, etc. ) that still have useful life left in them, but are underwhelming (to say the least).

Eventually, of course, the market — and time on the market — sorts out all of the above.

But, the ride for such “in-between” properties can often be longer and bumpier, especially when they’re mispriced.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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