You’re ready to put your home for sale. But then you look around: maybe you should have repainted the walls? Perhaps the bathroom needs a little clean? Should you invest in kitchen renovations?
These are all little things that pop into your mind before you sell because it is all part of a bigger question: “Should I renovate before I sell?”
To get an answer to this question, we have to consider another: what do buyers want?
What Do Homebuyers Want in a Home?
Many homeowners conduct their own renovations once they have purchased the home. They might not like something in particular or feel like something needs to be updated. There’s really nothing you can do about it once they purchased the home.
Understanding what they want depends on how much work they want to do and what they can afford.
Some buyers gravitate toward fixer-upper homes because they don’t qualify to buy a more expensive home or want to make a profit from the investment itself.
Others don’t mind spending money on minor renovations, such as painting the walls, new flooring or replacing the lighting fixtures. But they don’t want to rebuild a foundation or undertake bathroom renovations.
How does this impact you, considering that you really don’t know what buyers want?
You make a move to the safe side…
Conduct Home Renovations in Calgary – Even Minor Ones
To truly maximize your home’s value, you should consider conducting home renovations, even small ones.
The golden rule is to weigh the cost of the proposed improvements against the home’s market value after the renovations are completed.
Conduct research into your market area, speak to real estate agents and even home renovation companies in Calgary about what improvements can enhance your home the most and come back through the sale. There is no point investing in a new coat of paint if it won’t make the desired financial impact.
(Check out our blog about “The Best Improvements to Increase your Home’s Value” for some smart tips).
So, where to start with home renovations before you sell your home? Follow these pointers to guide you:
- Make a list of everything that’s defective, broken, or worn out. You don’t have to renovate your home completely, but slight adjustments can go a long way to aiding you in boosting your home’s value.
- Consider the HVAC systems and plumbing too. This can be costly for buyers, so gather information about the condition of yours. If repairs are required, then go for it.
- Compare homes in the neighbourhood to yours. If they have upgraded bathrooms and kitchens, you should do the same. Remember, they might be your neighbours, but they’re also your competition.
- Cosmetic touches, such as stained carpeting, marred walls, or damaged windows, are a must. If buyers see this, they’ll wonder what else is wrong in the house.
- Keep in mind that empty homes don’t show as well as furnished rooms, but old, worn-out furniture can detract from your home’s appeal. Remove old furniture and upgrade to make your home look better.
Remember that a home that needs repairs will always get less money than one that doesn’t. Consider the options available to you and see what makes sense for your finances and your future.
It’s always better to go to the safe side and invest in home renovations in Calgary to ensure you get the best value for your home.
Trademark Renovations is the leading renovations company in Calgary. With over 30 years of experience, a wealth of design and building knowledge, and numerous consumer choice awards. Our commitment to producing outstanding work, and offering honest, transparent customer service, is why the industry regularly recognizes us. Whether you are looking for new home additions in Calgary or a new kitchen, we are your trusted company. Contact us at 403-277-5600.