It's time to sell your home. It's evident that you will need to do some repairs however before you put it on the market.
It's a great idea to slap on that fresh coat of paint and fix the leaky faucets, but very little attention is paid to home renovations that you should avoid. It's important to steer clear of any renovations that will cost you a lot of money at resale time. Sellers generally think that costly renovations are going to add value to their home and increase the selling price. Yes, this can be very true, but there are some renovations that can be a big mistake when trying to sell your house and will only cost you both time and money. This article will help you make good decisions when renovating your home before you put it on the market.
The concept of expanding seems like a good one at first glance. Bigger is better, right? Not always. A home that becomes larger than the ones around it risks becoming hard to sell, depending on the neighborhood. If your Mississauga real estate listing is on a quaint street with a lot of bungalow style homes, plopping a mansion right in the middle of it will not appeal to most potential buyers. People who want a large home will most likely opt for a neighborhood where most houses are of a larger nature. So, when expanding your home, be sure to think about whether or not it fits in with other homes on your block or you can risk sticking out like a sore thumb.
Always consider what type of home you own and never try and make it something it's not. For example, the appeal of your home may be its Victorian Style walls, ceilings, and decor. It's best to stick with this theme instead of tearing out any exquisite appliances or furniture in exchange for stainless steel appliances and trendy decor. Sometimes trendy and modern is not the way to go. Changes that are not consistent with your home's style could limit the number potential buyers.
The next big no-no is changing a room's function. Most people will expect a degree of basic functionality. Changing basic items in your home for sale will make it less practical for buyers. If you start altering basic functional rooms, like a kitchen or a bathroom, you are essentially customizing your home for you, not the buyer. The rooms in your home were built that way for a reason, with proper draining and ventilation systems for example, so it's best to keep them as is.
The next thing to avoid is doing the renovations yourself. Sure, contractors can be pricey but they will get the job done. Even if you have the most elaborate step-by-step guide to renovating your home and think you are capable, but it's a big risk. If a buyer sees something suspect, they will pass and move on. Also, if you are planning to install new things in your home, like a pool for example, make sure that you consider everything that goes with it. A pool without a patio, sitting area, or walkway is pretty much useless and buyers will not want to buy a home where additional work needs to be done.
Lastly, and probably most importantly, whether you have a string of homes or a simple Pembroke Pines home, never under-budget. Do not under estimate how much renovations will cost. More often than not, costs are added, new repairs are spotted, or additions will be made. This goes for time as well. Homeowners usually underestimate how much time it will take to get the project done. Always tack on an extra week or two to your project in case anything unforeseen happens. If you avoid these simple things, you will save a lot of money and time before putting your home on the market.