The media, especially TV shows, have made renovating a home seem simple. A quick cleaning, splash some paint around and put a flatpack kitchen and you are done. However there is much more to renovating than you can learn by watching an hour-long show in your living room.So, how do you renovate to successfully sell your home for some cold hard cash? Here are some useful tips you can use to maximize your home sale price.
Do not spend more than the worth of the house.
The last thing you would do is to spend too much money on renovations only to find your home stays longer than necessary on the market because it is overpriced, or worse, the final sale value does not allow you recoup the cost of the repairs.
Your aim should be to look for improvements that add value. That means cosmetic improvements like re-polishing the floorboards and even a splash of fresh paint inside and out. You look for the opportunities to spruce up and replace old cabinetry handles, etc.
This cost-effective touch-up can make your home look polished and new without you having to spend too much on renovation.
Home buyers have their own preferences and personalities.
While taking your time and resources to improve on your property, you need to leave space for the buyers’ personal touches.
However, if your house is really rundown, it could be a smart decision to leave it as is and attract bargain hunters who would want to renovate to their tastes. Alternatively, if your home is almost there, concentrate on the areas that are most likely to catch the buyers’ attention. For instance, a skillfully designed bathroom is always a strong selling point, while incomplete landscaping may not contribute to your bottom line.
Do not compromise quality.
Buyers appreciate the quality and skill involved in building the original home. They are also better informed than even the seller and are likely to shell out for a pre-purchase building inspection. So, prepare to spend more and call in the professionals to give your home a special touch.
A color expert knows precisely what you want in paint shades. So, the best approach for quality upgrades is to invite a licensed professional and do away with those do-it-yourself ways that do not yield reliable positive results. Looking at fittings and fixtures, go for the best quality you can afford, even if it means centralizing replacements in one particular area.
Final Thought
Being choosy about how you renovate your property will give you the more significant sale price you are looking for. Just concentrate your mind on marketable and attractive details buyers can see. This will ensure you recoup more than what you have spent on your renovation efforts. Still have questions about the best renovations for your property? Talk to your real estate agent about what matters to buyers in your area.
