My husband the contractor pretty much agrees with all of the above.
Charles added: "With the amount of foreclosures and short sales with which you are competing in the LV area, upscaling the house now - in addition to you not being able to guess your buyer's exact wishlist - is not going to be cost-effective, and will put you through stress you don't need."
He said: "I was in your house. I saw it - it is as good as it needs to be to sell it right now (notwithstanding the weirdo cabinet - which your buyer MIGHT find interesting, and let them change it out if they don't)." [And that was before your bathroom upgrades and completion of the front of the house and backyard.]
Charles also said: "If you bring a realtor in who says 'you should upgrade/change this or that' - I guarantee that the next thing out of their mouths will be 'and I have someone who will do a great job for you.'"
And he also said: "All you have to do is ask, and I will drive the RV there, park in front of your house (which should have the added benefit of annoying the **** out of your neighbor across the street) and I'll fix it for you. And give you the brother-in-law discount too (retail plus 10% - or 20% if you hang around and kibbitz)."
Aren't you the people who were amused by the "high" asking price of tbe house across the street? The house that sold in about 20 seconds for more tban $100k OVER that asking price? So...while I absolutely trust MOST of your advice, I'm still aiming for a higher number here! Play along with my fantasies...a little! LOL
Broker (by request and she knows we have our own handy-dude) and Appraiser (who just likes us and wanted to help) and Almost-Contractor (the homophobic gay guy) were here today. Consensus:
1--for less than $2k, the master bath can be turned into a MUCH more desirable product...and would likely give close to 100% ROI...or more...mostly because the Henry the Homeowner DIY conversions in this neighborhood all look bizarre...and my shower has two drains because a toilet used to be there. See what I mean? It's LEGAL, but it's weird. It demands explaining and that's never good.
2--for less than $1k, the kinky media center with hidden porn stashing place can be converted to a nice walk-in pantry. As it was, it also demanded an explanation and that explanation reminded people that the house is old and some stuff is out of date. In fact, the walls are down now and the new sheetrock will go in tomorrow. Turns out, there used to be a wet bar in there. Who knew?
3--I get that the neighborhood will only support so much in terms of price...ON THE OTHER HAND...a 1400 sq ft 2-bed/2-ba house sold a few months ago for over 25% more per sq ft than any other house in the area*, including similarly situated properties. Very well staged. Golf course adjacent...but 25%!?!? It reminded me of the house down the street from you. It just takes one person who has always wanted a pantry...and we're pretty much the only choice in the area. (Meaning close to the strip, close to off-strip shopping, pretty darn good schools.) We don't need buyers like us...or like you...because we don't mind playing musical walls. We heed people who will say, "Well, new roof, new skylight that closes itself when it rains, completely redone pool and spa that have not yet been used, new variable speed pool filter, two new bathrooms, new driveway, zero maintenance landscaping, new reverse osmosis water system, new kitchen sink...and a pantry...hmmm...I guess we can live with that fireplace tile, because that redo is all it needs!" (Not true...it could really use new flooring, new windows and maybe a more powerful pool heater. And depending on the buyer, upgraded electrical in the garage. But those are neither urgent nor all that obvious.)
I've got to go pack some more stuff. Mr. Sue is threatening that if your RV pulls up, he will tell the crazy lady that Charles is from the Yard Sale Police.
* I would be happy with the price they got...we have 4 bdrms, 2 baths and pool and spa, plus 500 more square feet. That's not greedy. NO, IT ISN'T!!!!!!