Wondering If You Should Renovate Before You Sell Your Home?
Wednesday Feb 07th, 2018Share
If you are thinking of selling your home, you may be wondering if it’s worth doing some renovations before you put it on the market. When your motivation to renovate rests in getting more money for your home, the key lies in understanding what buyers like and what they will actually pay more for. You may have heard that updated kitchens sell homes or that curb appeal is essential, but it all comes down to the budget you are willing to spend.
Whether or not you get your renovation investment back when you sell will depend on a lot of circumstances. However, there are some renovations that tend to add value and those that will do little to increase your chances of getting a higher selling price. It is also important to keep in mind that even though the renovations are being done to entice potential buyers, you will still be the one living through or managing the renovations. Any projects need to fit into the timing that you have for selling your house.
In order to help you decide if a renovation is the right thing to do before selling your Oakville, Burlington or Milton home, take the time to read the information below.
Overhaul Or General Repairs?
Inevitably, there will be some spaces in your home that no longer looks fresh and modern. When you list your home, first impressions certainly matter, but that doesn’t mean you need to rip out cabinets and knock down walls. When you work with a professional Real Estate agent, they can help you determine which general repairs will help increase your home’s appeal. Staging your home when you list it is another great way to improve the look of your home for prospective buyers without delving into major renovations.
Stick To The Trusted Options
If you decide that renovations will really help you sell your home for the price you want, meet with an experienced contractor and seek their advice. Renovating the kitchen, upgrading bathrooms or finishing the basement are typically the best options when it comes to renovations that will add value to your home. Renovations to add a swimming pools or rooms with only one specific purpose (think home theatre) aren’t selling features that tend to pay off.
Appeal To The Average Buyer
You will also need to be careful when choosing finishes during the renovation process. Remember, you are renovating to sell the home, so make neutral choices that will appeal to the average buyer. Simple and clean finishes will help ensure you get the money back from the work that went into the renovations.
Time To Get Your Home Ready To Sell?
When you are ready to find out more about selling your home, contact Sue Heddle Homes. Our team can work with your timelines and help create a plan that aims to get you the best price for your home. All of our clients receive free home staging, but we are also happy to connect you with some great local contractors that can support your home renovation prior to listing your home.