With the recent housing market conditions showing rapid improvements many homeowners are now entertaining the idea of a Real Estate sale. Â One common question that I am asked as a Realtor is "Should I renovate my home for a Real Estate sale?" Â The answer of course varies, however here are some key things to consider:
1. Â Will the makeover cause the home to sell quicker? Â Most renovations, let me add 'well done' renovations, can cause a quicker sale. Â Often home buyers like to see more modern amenities and an updated look when purchasing homes. Â The less they feel they need to do to home to make the home move in ready the more comfortable some home buyers feel about the purchase. However, this may not always be the case, if the price is right some home buyers prefer to "make it their own."
2. Â Will you have a return on your investment? This is a big factor to consider. Â Many renovations, while they may bring you a faster real estate sale, don't always put the money back into your pocket. Â Be cautious and speak to a local Realtor before making costly renovations so that you can get a good market estimate for selling your home in it's current condition verses having it renovated.
3. Â Do it yourself or hire someone? Â Yet another big question to consider. Â I cannot tell you how many DIY renovations gone wrong that I have seen actually kill the home owner's Â Real Estate sale. Â If you are going to spend the money and take the time to make renovations please be sure the improvements are completed properly. Â When it comes to your home, if you are not an expert please don't try to become one overnight by watching YouTube and HGTV. Â Your Realtor is a great resource for connecting you with local professionals. Â Ask for referrals and get some estimates, then make a good decision on what's best for your home and budget.
4. Â Will you need a permit? Â Keep in mind that many aspects of home remodeling and renovations are regulated by your local government. Â Check with your local officials to see if your renovation will require being permitted. Â Often home owners renovate without pulling permits only to find out later by their buyer's home inspector that the renovation is not up to current code standards. Â Don't get yourself caught up in this situation, it could cost you the home sale or a costly 'renovation' of the renovation.
Renovations can be a great perk to a home buyer but they can also be a costly project to a home owner. Â Each property is different and each home owner must decide on options that best fit their individual situation.
For more home selling tips and ideas concerning a home renovation in or around Atlanta, GA I am happy to help, contact me anytime.
Amie Bozeman, Realtor
BHGRE Metro Brokers
Serving Greater Atlanta, GA