Should I renovate my house before I sell it? This is an important question sellers should consider before putting their house on the market.
Sometimes the answer is clearly yes, but it’s important to consider several factors before beginning renovations. Detailed comparisons of other homes in the area is the first step in determining the extent of the updates needed, if any. Secondly, current market conditions should be evaluated to decipher if there will be any profit from the renovations. Finally, determining what specific renovations will the property need in order to give it that fresh and updated feel.
Sellers can save themselves a lot of time, stress and expense by consulting a professional real estate broker familiar with the market area in which their home is located. A savy broker understands buyers’ wants and needs and can advise sellers accordingly, potentially saving sellers thousands of dollars. The bottom line is what renovations will make their home more attractive to buyers and will they profit from the updates?
While consulting a real estate professional is ideal, there are some basics on renovating before selling to keep in mind, such as refurbishing rather that replacing if possible; don’t spend more that you can recoup; and a fresh coat of neutral hued paint works wonders.
If you’re thinking about listing your home for sale, contact Teresa Williams of Prospera Realty at 813-434-0290 or visit https://www.prosperarealty.com. Teresa is a seasoned professional with unrivaled real estate knowledge in the South Tampa market.