A renovation only becomes complicated if you go into the process without a plan. Consider these four ways to keep the process simple from the start:
Invest in an Inspection
Any renovations that you perform can come back to bite you later if the changes you make don’t meet building and fire safety codes when a buyer decides to bring in an independent inspector to take a look at your place. If the independent inspector finds problems, you might have to fix them before a seller will buy. Worse yet, you might have to agree to a transaction that results in you not receiving even remotely the amount of money you had hoped to make from the sale. An inspector can also help you determine if your asking price is too high or low based on the actual state of the structure instead of what you feel it’s worth.
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Speak to an Educated Realtor
An educated realtor who has worked in your market a long time and knows their stuff can guide you through the process. Some companies, like Success Path BBB, know that the realtor can let you know if your asking price is too high or low based on similar sales in your region and at the national level. More importantly, the realtor can explain which renovations, based on past home sales in your area, are a priority versus something you can pass onto a buyer without losing the ability to reach an agreed upon amount close to your asking price. An educated realtor can also tell you whether past or planned renovations match the types of trends that attract buyers.
Keep the Upgrades Simple
You don’t need to completely rip out kitchen cabinets and install new ones if the box frames and doors are still in good shape. Many home owners inexpensively reface older cabinets with veneer that makes the surfaces look brand new or simply paint over any flaws. You should apply this same idea to countertops and floors.
Sometimes basic interior design tricks rather than more extensive renovations can make a home look outstanding, such as swapping light bulbs that cast a yellow light with ones that create a more natural white light to make small or dark rooms feel larger and brighter, respectively. Additionally, try using white and warm paint and fabric colors to make your home feel more inviting and rooms more expansive.
Check for Quality Material Deals
You can find a wide range of quality materials at low prices if you simply take the time to look around your local area. Check material manufacture, home renovation and other construction material distributors for bulk purchase and clearance deals. Also, remember that there are usually always homeowners and contractors in your area renovating homes. Look for the materials you need through classified ads websites like Craigslist, repurposing sites like Freecycle and yard sale groups on sites like Facebook and Yahoo Groups. If you can’t find what you need and you have time, post free ads on those same sites that state In Search Of or "ISO" and the material names.
There is absolutely no reason that you should spend a lot of money on home renovations when you’re planning to sell unless your home has serious damage or structural issues that might cause problems during the sale. Utilize this simple four-step plan to prevent hassle and heartache and improve your chances of a positive experience and successful sale.