Should We Renovate Before Selling
Should we renovate before selling? Some friends had enough Carrera marble to change the floor in the small bathroom. They wondered if they should change the flooring before putting the house up for sale. They decided against the floor change and sold the marble on Craigslist
It’s a question that gets asked almost every day, and every day a homeowner gets the renovation bug and spends thousands of dollars on their aging home only to find that they really made no profit on the work after selling.
Eddy Lang, founder and CEO of Housefax, writing at INMAN says, “Baby boomers who are thinking of moving, are no doubt wondering how they can get top dollar for their current home. Whether they are retired and on a fixed income or experiencing sticker shock when shopping for a new property in the current market, they need to make every dollar count.
Should we renovate before selling? It’s something to consider if the house is older and hasn’t been updated in a while, but the short answer is: “It depends.”
Marine Cole, at The Fiscal Times, suggests several things homeowners can do to upgrade their house and increase the value of their house in case they do decide to sell.
- Installing a steel entry door. Replacing your front door has been a long-time favorite for those who want to boost their home’s value. This is the only project to return more than 90 percent of cost (it returns 96.6 percent.).
- Adding a wooden deck. Building a wooden deck onto your home adds living space as well as an area to host outside. This project returns on average 87.4 percent of the initial cost, though the ratio is more than 100 percent in some 25 U.S. cities, Remodeling magazine said.
- Changing your garage door. If you replace your garage door, whether with a midrange or upscale version, it can usually be done at a low initial cost. It has a strong positive effect on curb appeal, returning close to 84 percent of your investment.
- Remodeling your attic bedroom. With a national average remodeling cost of $49,438, this project has a cost-to-value ratio of 84.3 percent. Unlike building an addition on your home, remodeling the attic bedroom is an inexpensive way to add living space, says Remodeling magazine.
- Kitchens and bathrooms also increase the resale value; kitchens more than bathrooms. Buyers often look for updates in the kitchen and bathrooms, but they can also be turned off by other things that make the property look dated, such as popcorn ceilings, wood paneling, worn or dated carpet, old doors and windows.
First impressions matter. A buyer who walks into an outdated kitchen or a dirty bathroom might not even want to see the rest of the house.
Bottom line, Buyers don’t need expensive new flooring or granite countertops if simply upgrading the appliances or installing new windows will be enough to impress buyers.
At Val Buys Houses LLC, we specialize in helping homeowners out of just about any situation, no matter what! There are no fees, upfront costs, commissions, or anything else. Just the simple honest truth about your home. We buy for cash, therefore we can help you sell it fast to resolve any situation, or give you as much time as you need.
We care about our community in Cobb county and Atlanta. At Val Buys Houses LLC we take a lot of pride in providing excellent customer service. We have come across all scenarios, we are not here to judge; only to help.
Give us a call today at 404-844-8845 and let us see if we can help YOU!