Thinking about selling your home, but you think you need to remodel it first? Stop…don’t spend money to remodel before you sell. Putting on my real estate hat, I have people ask me all the time if they need to remodel prior to listing their home.
If your home needs paint, then just think about putting a coat of paint on your home to sell it. Clean up your house and yard before you put it on the market. Chances are if you want to remodel, it might not be what the potential new buyers will want. Sometimes, the money you spend to remodel will not necessarily be what the buyer would have chosen. If you are in the middle of a project, you might want to complete it for your home to show well. If you do need to paint, select neutral colors for the rooms, trim, and exterior.
One other thing to consider, if your home is outdated you can give an allowance to the potential buyer to allow them to remodel to their taste. If you are unsure of the amount to negotiate with, ask a builder to quote you some figures for flooring, bathroom upgrades, kitchen upgrades, etc. This will help you in the negotiation process.
If you do remodel, keep it simple. Don’t select wild colors for the things you will replace. Don’t select a mauve toilet and bathtub, cork flooring, concrete kitchen counters, etc. These things could only delay the sell of your place. Go with basic selections. Stick with a white toilet and bathtub, neutral tiles or carpet, granite or laminate counters, etc.
The main things in preparing to sell your home are de-clutter, clean, maybe a coat of paint, and being prepared to know what the upgrades might cost. Ask your builder or realtor to help you out. It’s hard enough for just getting some of these things done to sell, much less a major remodel.
If you are into flipping homes, that is a different case. Some folks pick up homes really cheap that do need massive remodeling. In that case, Yes, you do need to invest in the remodel job. Most of the time, you will make money off this scenario.
Just use caution when you want to remodel prior to selling. Ask your Real Estate Agent or builder what they recommend.
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