Thinking of Renovating?
From our experience in the Real Estate market, we’ve put together a cheat sheet of 8 important questions to ask yourself before jumping in.
- Has my property been well looked after and is it in line with potential buyer expectations of size and style?
- How much is my property worth in the current market?
- Can I add value to my property with a good spring clean and a coat of paint and avoid large expenses?
- How much will my renovations cost?
- Do I have the available funds?
- How much value is expected to be added to my property once renovations are complete?
- Will the cost of renovating outweigh the added value and appeal of my home to a prospective buyer?
- Will my renovation be in keeping with the style of homes in our area or will it stand out like a sore thumb? Often many people like an area for its style of properties and a poor design that doesn’t compliment the surrounding homes can devalue yours.
Make sure you consult your bank and your financial advisor before making any decisions about renovating to sell or not.
