As brokers, we’re often asked: Should sellers improve their multifamily properties before selling? The answer isn’t as clear-cut as it is for single-family homes. Multifamily properties are typically purchased as investments, with buyers focusing on income potential and operational efficiency rather than aesthetics. Most buyers prefer properties with room for improvement to increase their ROI using their own contractors.

For sellers, fully modernizing a property can be cost-prohibitive and often unnecessary. Instead, focusing on boosting rental income—ensuring rents are at market rates, reducing vacancies, and addressing deferred maintenance—can significantly enhance the property’s value. Buyers often prioritize strong financial performance over physical upgrades.

That said, minor, cost-effective enhancements can make a big difference:

1.      Clean and declutter for a great first impression.

2.      Apply fresh, neutral paint to brighten spaces.

3.      Improve landscaping for better curb appeal.

4.      Fix deferred maintenance issues to avoid inspection red flags.

By targeting what truly matters—rental income and market appeal—sellers can position their properties for success without overspending. If you’re ready to sell, The Ponce Real Estate Group is here to guide you toward maximizing your property’s value.

Frank: (310) 503-4158 Viktorie: (424) 301-0075