One of the usual questions people selling their house have is whether they should put their property out in the market as is or renovate it first. Are you having the same quandary? Read on to determine which option is best for you.
If you are thinking of renovating, there are important things you have to consider. First, know that renovations do not happen overnight. Depending on the changes you are going to do, the work may usually last for a month or more. If you are in a hurry to sell your house, this option may not be feasible for you.
Another thing you must consider is that this endeavour requires money – a lot of it especially if you completely overhaul the place. So, do some computations to determine if you have the cash to finance a home makeover. Also, when you decide to renovate, have a fixed budget and ensure that you stick to it.
Remodelling your house can be stressful and disruptive, especially if you are going to stay in the house while the work is ongoing. Certain areas or facilities may be off limits during the renovation period. This means you may need to live in a cramped space for quite some time. The house can also get noisy, messy and dusty. All these can be difficult for your kids. Hence, if you can live elsewhere while work is ongoing, do so.
Renovating a house before selling is a gamble. A common misconception is that refurbishing a house would automatically yield a high return. This is not always the case. In fact, there’s no guarantee that you’ll gain more from it. In some cases, the changes made may not appeal to buyers making it harder for the property to get sold. This is why it is important that, when you decided to renovate, carefully plan for it.
As much as possible, do not overdo the improvements. Be wise in deciding which changes you’d make. If you think your place needs to be refurbished, focus on your kitchen and bathroom. Making changes to these rooms can increase your home’s price point; it can even help sell your house faster. Additionally, stick to neutral colours when repainting you walls. Lastly, as much as possible, choose a style that’s going to appeal to everyone and not just to you.
There’s no denying that renovating your home prior to putting it out in the market can be time-consuming, costly, tedious and risky. Admittedly, it’s not for everyone. So, if you don’t have the wherewithal to upgrade your house, does this mean you just have to sell your house as is and forego your chance of getting more? No, selling your house without renovating doesn’t always equate to low offers.
Decluttering and keeping your house tidy can make your house more appealing. Moreover, you do not have to overhaul your entire house. Simply ensuring that essential things in the house like faucets, toilets, and lights are in tiptop condition can already add value to your house. Similarly, repainting your kitchen cabinets can enhance its look and price.
Are you selling your house? Talk to our real estate agents to learn more about improving the value of your home. Call us at 014959020 today!
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