Spending $500 to Make $35,000(!)
Realtors are commonly asked to estimate how much $1 spent on staging, updating, or repairs will add 
to a home’s selling price.
Here are the ranges I usually quote:
Staging: 5:1
Updating: 2:1
Repairs: 3:1
But, the best return on investment I’ve ever heard about was the $500 a Twin Cities homeowner recently spent to get another appraisal after the first appraisal came in $35,000 low.
The second appraisal was fine, and the home is now set to close next week.
If you’re keeping score, that’s an astounding 70:1(!) return.
Edina Realty – City Lakes agent Kathy Dick is representing the Seller.
