Deciding whether or not to pursue a house renovation before selling your home is a big decision. Not only is it a large financial commitment, but it is also a large investment of time and resources. However, if you are looking to soon put your home on the market, it may be worthwhile to consider performing some renovations beforehand. Not only can this expand the selling potential of your home, but it can also be the difference between your home selling immediately and your home sitting for some time on the market.
However, it’s understandable if you’re apprehensive about doing your own home renovations. Working with renovation contractors and home renovation experts in Kamloops can help take the headaches out of home renovation. Here are five things to consider when you are deciding whether or not to renovate your home before selling it:
Five Consideration Before Starting Your Home Renovation
1. Is Your House Too Uniquely You?
One of the hardest things about home design is the fact that it can be so subjective. While you may enjoy the particular style of your house, it’s possible that a design that is too personal or non-mainstream could keep a house from selling, or could cause it to sell under what it is really worth.
However, it can be hard to determine whether or not your home’s style is palatable enough to make it appeal to most people on the market. After all, many of us have personal attachments to our home, and it can be hard to imagine or even hurtful to imagine that somebody else wouldn’t like it. As hard as it is, though, it may be worthwhile to perform some renovations to tone down some of the elements of your house if you suspect that they may be too “out there”.
2. What is the Condition of Your Home?
This may seem like an obvious consideration, but it is worth repeating. If your house has a subdued style but is in rough shape, it may be worth considering a renovation or two. It doesn’t have to be a large renovation, either — it’s amazing how effective a quick patch & coat of paint can be when you’re dealing with cracks in the walls or a worn-down room, or even how effective changing door knobs or drawer handles can be.
Of course, there is a difference between a home being in rough shape and a home being outdated. Some houses may feature designs of decades past but be incredibly well-kept. Just because a home may be a blast from the past doesn’t mean that it necessarily has to be gutted. Which brings us to our next point.
3. Consider Your Audience
Not all homeowners are created equal. While many house shoppers may very well be after a move-in ready designer home, there are many potential buyers who are looking for a gut job. It’s important to consider the home values of the other lots on your street. If your home is in a desirable area that is hard to buy into, you may not need to perform fancy renovations in order to appeal to a mass audience.
4. Understand That Not All Renovations Are Cosmetic
Homebuyers — especially new ones — have a tendency to focus on what they can see with their own eyes. While this makes sense on a practical level, a good-looking home is no use if it can’t pass a home inspection. If you have an older house, it may be worthwhile to perform renovations on the less exciting but hugely important elements of your house, such as your electrical system. In fact, if your home is unable to pass an inspection, in some cases you may have no choice but to invest in these changes.
5. You Don’t Need to Go “All-Out”
When we are renovating our homes for ourselves to live in, it can be easy to get caught up in the things we are passionate about and go over-budget. However, when you are renovating for somebody else — in this case an imaginary potential buyer — it’s a lot easier to settle for finishing touches that are nice, but not necessarily your dream designs.
This doesn’t mean that you should cheap out on materials. Instead, it just means that you can make practical, sensible choices when it comes to your renovation materials. You’re not trying to create your dream home, you’re just trying to sell your home to the highest bidder!
Please contact Elite Interior if you need any home renovation around Kamloops.