Five Best property refurbishings Before Listing suggestions
If you’ve completed your research and discovered that property fix-ups are a financially reasonable conclusion to make before selling, there are a bunch of basics you should consider before you let a builder begin swinging his sledge hammer.
In particular, choosing to perform property renovations before listing may be decidedly different than if you were the home fix-ups for your own joy. We have consequently gathered a list of the top five things to bear in mind when taking on property renovations before listing:
Request more than one estimate
In the rush to get the work completed and the property on the real estate market, many home owners fly through the process of choosing a builder to complete the renovation. However, not taking the time to choose the best contractor can spell trouble, both for your renovations and the consequential effect it can have on your ability to market your property.
In summary, get at minimum three appraisals from three builders who come with glowing references. Also, don’t forgo contacting recommendations supplied to you, and ask direct questions, such as: Did they perform the job on time? Was the work performed to your satisfaction? Did they perform the renovation on budget? Would you use them another time for a home renovation project?
Check and double-check the time frame with the renovator
Unless the renovator can definitively perform the project within your time frame, choose another renovator, as deadlines for individuals listing their home are more important than ever. Make sure you restate the importance of performing the reno on time, and make sure the builder includes this deadline in the guarantee.
Get all correct permits
Don’t pinch on the fine points with your property renovations before listing, as the home buyer may very well ask to examine the permits. Show the home buyer that you took all essential steps to guarantee that the work was performed professionally and safely by getting all essential permits.
Remain neutral
When selecting finishes for your property renovations, think neutral. In other words, you may like pink tile in the bathroom, but the fact is that most buyers will not. Think in terms of a large audience, and stay as neutral as possible as to appeal to the majority of potential purchasers.
Think mid-range for most projects
In order to ensure you that stay within budget and that you see a return on your investment, consider mid-range in terms of supplies and finishes (the only time this law may not apply is in very high-priced propertys or mansions). Although most purchasers would appreciate stainless steel appliances in the kitchen, the fact of the matter is that you may not receive a return on this investment. Selecting good-quality, sleek black household appliances, on the other case, will still show well in your refurbished kitchen, but will cost you about a third of stainless steel appliances.
Naturally, prior to embarking upon any home refurbishings before listing, consult a real estate agent to make sure you will be able to realize a pay off on your investment when selling.
Bo Kauffmann is a real estate agent in Winnipeg, MB and publishes