Boulder Real Estate News & National Statistics – May 28, 2021

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Inventory ticked up again last week, as did under-contracts. Nationally, getting kitchens and baths in top condition for sale is more important than ever.

Most buyers automatically assume a tired/dated kitchen or bathroom means the entire home requires a gut renovation when often this is not the case.

While some sources state that you only get a little over 50% of the value of a kitchen renovation, this seems low relative to what we experience in the marketplace. This rate may be true in an older home where EVERYTHING is due for a renovation.

However, in a home that was renovated 7-12 years ago and is basically in outstanding condition, often messages its age/wear-and-tear via its kitchen and bathrooms.

Classic tastes are often very difficult to date especially if they are in mint condition. The kitchen/bathrooms may distort perceptions.

In many ultra-luxury homes, owners and developers installed highly fashionable kitchens and bathrooms…..and those can tend to date themselves a lot quicker, not unlike fashion where classics stand the test of time compared to ultra-high-fashion that often loses its luster quicker or because of its distinctive look is easier to date.

I recently visited a 12-year-old home with a brand new kitchen and bathrooms. Not much else had been changed besides regular maintenance and freshly painted walls. It showed as if it was brand new.

Whenever I walk a home that has a dated kitchen and bathrooms, many automatically assume EVERYTHING is dated and requires renovating.There is nothing newsworthy about the value of renovating kitchens and bathrooms, but these days it may be even more important.

The buyer who sees zero requirement for ‘work’ will pay more……even if they plan on doing their own renovation work based on tastes. The buyer that buys a home that obviously requires tons of work is looking for a dramatically lower price.

Farmer Katie mowed the rest of the field and power harrowed the beds using Earth’s Table’s BCS Tractor.

Volunteers helped weed, spread compost, and lay black plastic mulch for the long season summer crops.

215 tomatoes and 80 tomatillos were transferred from the greenhouse into the soil today and summer squash will go in next Tuesday.

Over the past few weeks we’ve had 25-30 Community Food Share Volunteers helping at McKenzie Farm! Thank you to everyone who is helping to make our dream a reality!

Itching to get your hands dirty?

Volunteer For Community Food Share Here

Sign Up To Donate From Your Own Garden Here

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