Every seller wants to know how they can make the most money when they are listing their home with a real estate agent. There are a lot of factor that impact on the ability to sell your home, the condition of the home is the most important factor. An old kitchen and bathroom will be selling for less than one that has just been renovated. All sellers end up with the same question, is it worth investing money on renovating your home when you are about to sell, in order to sell more quickly? There is no right or wrong answer to this. Below you will find some tips you can consider when deciding how much you should invest on your home.
Even the smallest changes can make a big difference.
The trick here is to take the perspective of the buyer, what would you like to see in a home. Try to put fresh paint on the walls, or broken things before putting it on the market. Make sure the color you pick are valued by most sellers, not just to you. Try coloring them neutral colors to increase the chances of picking a nice color. When it’s your home you might not have noticed broken mirrors, the cracked titles or leaky faucets, but by being a buyer you will notice these kinds of things, which are usually a deal breaker when deciding on a home. Spending money on renovating small things will always be worth it, for example putting new layers of caulk around the tub or sink fixtures. Even the tiny things will help the buyer decide.
Decide whether you are willing to invest even a little when you are advised to.
If you think your home needs a little renovating or your real estate agent is advising you to do it, you should invest in it. Even the smallest things could count, from removing an old carpet and polishing the floors, or renovating your bathroom or kitchen will help. Replacing the sink or old cabinets will help your home in many ways without spending too much money. The whole point of this is to fix the smallest thing without investing too much on the house.
Try to avoid the major renovations.
The reality is that most sellers will get back about 50% of the money they invested on renovating the house once they make the sale. When investing too much on the renovation, you could have the risk of a buyer not liking the colors you painted the walls or the cabinets you chose. The professionals advise that you shouldn’t make big changes on you home unless it is necessary. If it is in a very bad shape, you should consider the cost of selling it like that or investing on the renovation. You might not like the low price you house could sell by not investing, but if you renovate it, you might end up putting more money than you can get.
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