Renovating to Sell
Before you put your home on the market, it’s a good idea to do some renovations. The right renovations can help a home to sell a lot more quickly than it would otherwise, and it can significantly raise the selling price.
However, you need to make sure that the renovations you make are smart ones. You don’t want to make changes that won’t translate into profit for you. You’ll want to make sure that you see a return on any investments that you make, and that you prioritise the renovations that are most important to buyers.
There are three parts of the house that should take priority: the kitchen, the bathrooms, and the outside. Buyers want up-to-date kitchens and bathrooms, and a house with good curb appeal is much easier to sell than a house with a less than impressive exterior. However, you don’t need to do a full-scale remodel.
Instead of making major, expensive changes, see if you can make small ones instead. You don’t need to spend thousands on thousands updating your kitchen; just a few minor changes should be more than enough to please buyers. Always try to cut costs wherever you can.
For example, you don’t need to replace cabinets. A new countertop is far more valuable. If your cabinets look worn down, you could try painting them, or you could add some new fixtures. Painting each room a pleasant neutral color is also a good idea.
Before you put your home on the market, you should make some renovations. However, that doesn’t mean you should spend a fortune on remodeling. Make simple, small renovations that will really make a difference. You’ll see a big return on every single dollar that you spend, and you won’t have to spend much in the first place.
In addition to the 3 areas mentioned, there are other aspects that can be considered depending on your budget;
The Electrical System – does old wiring need updating?
Air Conditioning – could wall mounted units be replaced with ducted air conditioning for the whole home?
Pipes and Plumbing – is your plumbing and drainage system generally in good order?
For information on getting a business ready for sale follow this link.