Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

Should the estate sell the Pleasant Hill property as-is or renovate?

Most estates selling in Pleasant Hill do better selling as-is than renovating, because the neighbourhood's buyer pool, largely investors and first-time buyers drawn to its lower entry prices, expects older housing stock confirmed against City of Saskatoon records and prices in the work themselves rather than paying a premium for an estate's fresh paint job.

Renovation ties up estate funds and time the beneficiaries could otherwise be distributing, and there is no guarantee the money spent comes back at closing. A $400 to $600 home inspection will surface what actually needs disclosure, deferred maintenance, an aging furnace, knob and tube wiring, far more efficiently than guessing what to fix.

An executor's duty is to get a fair value for the estate, not to maximize the sale price at any cost, so spending estate funds on cosmetic work that Pleasant Hill's buyer pool will not pay a premium for is difficult to justify to beneficiaries later.

What does move the number is documenting improvements a previous owner made that never reached the City of Saskatoon's permit file. Joel Dyck's hand-reviewed valuation finds that work and prices it, rather than recommending the estate spend on renovations that will not pay back.

Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

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