Pros and Cons to Remodeling Your Home Before Selling
Posted on: 2013-04-17
There is no way to get around the fact that houses need occasional remodeling. If you are planning on keeping your house, remodeling it for your own enjoyment is a great idea. However, if you think that you might be putting your home on the market sometime in the near future, you need to consider several pros and cons before planning your remodel.
Pros:
Updating an older house will make it sell faster – If your house is over forty years old and looks its age, then it needs to be remodeled. Once you remove those outdated fixtures and install updated ones, your house will be more appealing to potential buyers. Stick with “common” rooms where families tend to congregate, like the kitchen, living room and dining room.
Remodeling can increase your home’s worth – Some updates can increase the amount of money that your home is worth. Putting in a new kitchen, complete with appliances, finishing the basement and turning it into a recreation room or man cave, and adding a new deck to the backyard all fall into this category. Completing any of these things will allow you to recoup your investment.
Cons:
Some remodeling results will turn off buyers – A good rule of thumb when remodeling your house (especially if you plan on selling it soon) is to keep things neutral. Stick with standard designs that appeal to plenty of people. Anything that falls on the extreme end of the spectrum – too modern, too old-fashioned – that will be hard for the new owners to un-do, will keep it from selling quickly.
Some things are arbitrary – Smaller home improvements, for example, refinishing the floors or repainting the walls, will make your house look nicer, but will not increase the asking price. On top of that, the new owners may not like what you’ve done, and will paint the rooms the colors that they like. These types of remodeling touches will cost you money and are not a good return on your home improvement investment.
If you’re ready to start your renovation, contact Parabola Developments!
Photo by Jessica Furtney on Unsplash
