Darin and Christina Cunningham | Re/Max Elite
278 Franklin Road Suite 190 | Brentwood, TN 37027
Office: 615.661.4400 | Fax: 615.661.4115
Christina: 615.394.4168 | Darin: 615.456.4086



Renovating before selling your home. Here are a few things to consider

Thinking of renovating or remodeling your home so that you can make more money when you sell it? Think it over very carefully because not all renovations create excellent returns and some just will not create any profit at all.

Renovating a house before putting it up for sale is not a black and white matter. A seller can’t simply fix whatever they want and expect to make a fast sale. Often times some will renovate areas that just don’t need it. Others will spend way too much money in areas that don’t give high returns. Still others fail to renovate areas that matter the most.

You’re probably wondering if you should you renovate before selling your property? What areas should be renovated? In this article we’ll talk about why you should renovate and a few important things that definitely should be considered before moving forward with any renovations.

Why renovate

Renovating your home before selling it can help raise its selling price. That said, if it’s done wrong and without expert advice, it may only drain your wallet and waste your time, not to mention fail to add value to your property.

‘As is’ condition

Homes can be sold as is. Sellers might not be able to put the property up for a higher price, but at least there’s no need to shell out extra cash and go through the stress of renovating. When houses are sold as is however, there may not be as many buyers, especially if the home seems outdated or it lacks features that other homes in the neighborhood have.

Renovated

Renovating your home will allow you to enhance your property’s appeal and in most cases add more selling power to it. Unlike houses that are sold as is, renovated homes can offer more features along with being more appealing to younger buyers. This of course provided they are renovated properly. Renovations can also allow a house to compete with other similar listings in the neighborhood. This may cost money, time, and effort, but it will surely improve the house’s standing on the market.

Are you going to sell your home as is? Or perhaps you’ve decided to renovate? If you’ve chosen the latter, congratulations! Before you proceed to tear down those walls, though, here are a few things that need to be considered.

Considerations before renovations

Do you really need it?

Again, not all renovations pay off well. Sellers should ask themselves if they indeed really need to renovate the house before selling it.

Some telltale signs that will motivate renovating:

  • House looks run-down and unappealing
  • Kitchen looks dated
  • Bathroom looks dated and dirty
  • Lack of features when compared to other houses in the neighborhood

Budget and returns

Next, sellers have to realize that renovations may be costly, and returns will vary.  Shelling out significant amounts of money for a remodel that won’t give returns is not a wise thing.  Sellers need to compute the total cost of renovating versus the expected ROI (return on investment). Other budget factors to consider include the cost of materials, contractor’s pay, and the cost of staying outside the house once it undergoes renovation and becomes unlivable.

Areas to renovate

So, you’re all-set to renovate. Before you do, you’ve got to determine the areas that need the most attention, and funding.

Garden and front entrance

Gardens are a cost-effective way to make the house more appealing to potential buyers. Mow the lawn, trim the bushes and trees, and plant bright flowery plants.

Give the front door a fresh coat of paint, and place a new door rug beneath it. If the budget allows, replace old door knobs and handles with new ones. If possible, repaint the exterior walls. If you don’t have a fence, consider installing one to soften the exterior.

Kitchen

It’s a fact that kitchens sell homes.  Make sure the kitchen cabinets are in tiptop shape and without a doubt are clean. Repaint them if needed to give them a fresh look. Fix any leaky faucets or replace them with new ones. Ensure that the appliances are clean and in good working condition. There’s no need to spend a lot to buy expensive ones. Install trendy light fixtures that will put more emphasis on the kitchen’s beauty. Buyers will like that.

Bathroom

Bathrooms are important, but make sure to go over the front entrance and the kitchen first. Once done with the first two, work on the bathroom. Repair everything that leaks. If things look dingy and dated, consider replacing them.

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