Bobby Flay Selling $9M L.A. Home Where He Had Previous Owners Renovate to His Liking Before He’d Buy It

When it comes to buying a home, it’s common to consider renovations after closing the deal, but what about negotiating renovations before even signing? I recently read an article about celebrity chef Bobby Flay’s approach to his Los Angeles home, which he bought in 2021. Flay’s story offers insight into how negotiating renovations upfront can make a home feel like a perfect fit from day one.

Flay, known for his culinary expertise, bought his mid-century home in L.A.’s Bird Streets neighbourhood. However, he didn’t simply purchase it as-is—he worked with the sellers, who also happened to be interior designers, to install an outdoor kitchen tailored to his needs before finalizing the sale. The result was a dream kitchen that included a pizza oven, an Argentinian-style grill, and a design that met all his cooking needs. Now, Flay is listing the home for $9.25 million, well above his original purchase price, showing that his investment in pre-purchase renovations paid off.

Flay’s story isn’t just a tale of celebrity luxury—it’s a real insight into the possibilities for any buyer considering a home that has “almost” everything they want. Could negotiating renovations with the sellers benefit your home-buying journey?

Here are some factors to consider:

Pros of Pre-Purchase Renovation Negotiation

• Customization Opportunities
  Negotiating for key renovations lets you tailor aspects of the home to your needs without waiting to make changes after the sale. This approach is particularly helpful if specific features are non-negotiable, such as a chef’s kitchen or a dedicated workspace. By discussing these requirements upfront, you’re more likely to move into a home ready-made for your lifestyle.
• Avoiding Post-Sale Renovation Hassles
  Post-purchase renovations come with challenges, from project management to handling permits. Pre-negotiated renovations eliminate some of these headaches, as you’re not the one overseeing every detail. Plus, with renovations completed prior to your move-in date, there’s no need to live through construction chaos.
• Increased Property Value
  Well-chosen upgrades can enhance the resale appeal, making your investment worthwhile. Flay’s outdoor kitchen is an example; it added a luxurious, functional touch that contributed to the home’s value. Before negotiating, consider which upgrades will add enjoyment for you and value for future buyers.
• Clearer Financial Picture
  Renovations can often cost more than anticipated, especially if surprises arise after purchase. By requesting changes before buying, you’re negotiating the full price upfront, without hidden surprises. This approach also allows for flexibility, as some sellers may agree to lower costs on renovations as part of the sale.

Cons of Pre-Purchase Renovation Negotiation

• Sellers May Be Resistant
  Not all sellers are willing to negotiate renovations, especially if they’re focused on a quick sale. Some may prefer to avoid the time and cost of renovations and could be reluctant to make changes to a home they’re already planning to leave.
• Limited Control Over Final Details
  Even when sellers agree to renovations, you might have limited control over the specifics. Choices in materials, finishes, and layouts may need to be flexible, so you could end up with a final result that doesn’t fully meet your vision.
• Possible Delays in Closing
  Pre-purchase renovations can extend the time required to close, as both parties wait for work to be completed. If you’re looking for a quick move-in or have a deadline to meet, renovation timelines can add stress to the process.
• Renovations Could Increase the Price
  While some sellers may absorb the costs, others might raise the price to cover the expense of the upgrades. This could make the home less affordable, especially if the initial price was already at the top of your budget.

So, would you consider negotiating renovations before buying? It’s a strategic move that could bring your dream home one step closer from the moment you step inside—if the pros outweigh the cons for you.

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