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Is it smart to remodel your home before selling? Often, minor upgrades give you a higher return on investment compared to major renovation projects. Huge construction projects always cost more and take longer to complete than you think.
As part of our services, we help you figure out where to focus your time and energy. Most homeowners have one of three goals when they are considering making renovations to their property.
- Increase the sales price. Small cosmetic fixes are best. Buying new appliances or replacing countertops will do more to change your sales price compared to redoing the kitchen entirely. It's worthwhile if replacing $5,000 of appliances and countertops takes your sales price from $200,000 to $222,000.
- Sell quickly. Replacing necessary items don't always increase your home's value, but they may still help with the sale. Replacing the windows or water heater could make the home more attractive to buyers who don't want to handle those repairs on their own. That could mean less time on the market.
- Avoid any delays during closing. Making repairs ahead of time can help negotiations go more smoothly. These are usually small things, such as fixing peeling paint or broken window panes. Lenders might balk at lending the money if those repairs aren't made!
Ultimately, don't completely renovate your home before listing. We can help you figure out which repairs are best for your situation. If you have any questions for us, give us a call or send us an email. We look forward to hearing from you!