Orlando Real Estate, Orlando Buyers Agent, Orlando Homes, Orlando Buyers Broker: What is an "upgrade" when buying an Orlando home?

What is an "upgrade" when buying an Orlando home?

What is an "upgrade" when buying an Orlando home?

I don't like having to dispute trivia, but sometimes in order to do a good job for my home buyer clients, the small thorns must be addressed. Some home sellers think that every penny they put into something that breaks down is considered a home "upgrade"...and many sellers agents agree with them.

Not so and here is my point: 

"Maintanence issues" are not an "upgrade". 

If the A/C breaks down and the seller put in a new compressor, than that is NOT an upgrade.  IF however they repaced the seer 14 a/c unit with a larger and more efficient A/C unit, than that is an UPGRADE.  If the seller replaces some of the worn out carpet with economy carpet, that is not an upgrade...it is general upkeep.  If however, the seller instead of putting back carpet, installs hardwood floors, or replaces the vinyl floors with travertine, than that is an upgrade. 

If the seller makes a capital improvement that enhances and increases the value of the property instead of just "maintaining and repairing" than that can be considered an "upgrade" to the property,  Anything else is just maintaintaining the property status quo.

So, what is an "upgrade" when buying a home? Fixing the pool lights is certainly NOT an upgrade!!!

Copyright @ Buyers Broker of Florida 2012 "What is an "upgrade" when buying an Orlando Home?" 

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Representing ONLY the best interest of the Home Buyer...never the seller.

 Eve Alexander Orlando Buyers Agent

 

Comment balloon 3 commentsMike & Eve Alexander • October 24 2012 03:31PM

Comments

Agreed.  It's also about the style and if the kitchen cabinets are replaced, to me that's an upgrade.  They might be functioning fine, but they are from a 1960's kitchen.

Posted by Carla Muss-Jacobs, RETIRED (RETIRED / State License is Inactive) over 6 years ago

For the seller, anything they've done in the past 20 years is an upgrade.  For the buyer, anything he doesn't have to replace or re-paint is an upgrade!

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) over 6 years ago

Carla, Yes, kitchen is one place that a seller can really upgrade

 

Gabe, you hit the nail on the head.

Posted by Mike & Eve Alexander, Exclusively Representing ONLY Orlando Home Buyers (Buyers Broker of Florida ) over 6 years ago

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