Are you a homeowner that is considering selling your property?
Are you uncertain whether you should renovate and update your home because you might have heard that remodeling will incur costs that you will most likely lose when you sell?
Though it’s always important to be careful and properly informed before making decisions regarding the extent of renovations to your home, we will address three of the basic questions and assumptions that you might have here.
Why Should I Renovate If Most Homebuyers Want To Do It Themselves?
This is purely an assumption made from watching too many home renovation television shows, as it creates the perception that buyers are always eager to remodel a house when they have bought it.
But the truth is, buyers are either specifically looking for a fixer-upper house, aiming to pay the appropriately lower price for it, or they want to buy a house they can move into as soon as possible. In fact, the majority of homebuyers are actually too busy with work and family obligations, they don’t want the additional hassle of remodeling a home before they can start living in it.
Will Renovations Not Take Too Much Time Away From The Actual Selling Of The House?
Remodeling does take time, yes, but it does not necessarily mean that it is time wasted or lost.
In the first place, there are many teams that you can easily make use of that are very experienced and efficient. And secondly, renovating your home before you sell can actually be exactly what ends up saving you a lot of time! Newly remodeled homes tend to sell much quicker than those that are outdated or in need of renovations. Buyers are looking for modern and fresh living spaces.
Will Remodeling Even Fetch Me A Higher Selling Price?
With a freshly renovated and updated home, the competition increases between potential buyers, meaning that better offers are sure to start rolling in. For this to happen though, it is also important to know which specific areas to remodel and focus on.
The first and most vital areas to pay attention to, as they are usually the main selling points, are none other than the kitchen and the bathroom! Then there are some additional small upgrades that can make your home more attractive to potential buyers, such as swopping old handles and knobs out for new ones, modernizing lighting fixtures and even putting up trendy faucets. Adding new flooring and a fresh coat of paint in every room as well, even the front door, can easily make all the difference!
MLS is the most popular resource used by house flippers to find homes they can remodel and then resell for a huge profit, and there is absolutely no reason for you to do the remodeling and get that higher price for your home yourself!
We hope this article has inspired you to move forward with those renovations you have been hesitant about!