Definition
A property that has had select systems, features, or areas improved or modernized within recent years. Updated homes are more desirable than older unmodified homes but less comprehensive than fully renovated properties.
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Updated properties have had selective improvements that make them more appealing and functional than older, unchanged homes. Common updates include kitchen improvements, new flooring, updated bathrooms, and fresh paint. Updates are less expensive than full renovations but still add significant value.
Pro Tip
When comparing properties, prioritize homes with recent updates to major systems like roof, HVAC, plumbing, and electrical.
Example
The home had been updated with a new roof three years ago, updated electrical panel, and partially updated kitchen with new cabinets and countertops.