According to recent statistics,the average price for a house in North Carolina (at the time of writing) is around $171,500. If you want to get every penny of that investment back when you sell your house, then you might want to think about renovating a few things before you put your property on the market.
A lot of homeowners consider renovating their homes when they’re looking into selling. However, it’s often difficult to decide whether it’s worth spending any money on a house that you’re not going to live in anymore. While there’s no automatic answer to whether renovation is right for you or not, there are a few things that you might consider to make your decision a little easier.
Know Who You’re Trying to Sell To
Before you can decide whether renovation is right for you or not, you’ll need to think about who you’re trying to sell to. For instance, if your house was designed with a family in mind, and it’s close to a few nice surrounding schools, then it’s likely to appeal to young families. On the other hand, if you live in a condo close to the city, then you might want to try and sell to an ambitious first-time buyer.
If your buyer has a young child, they might not even consider buying a home that needs an important remodel like a new bathroom or kitchen. Many families want to be able to move into a new property straight away. Knowing your buyer will help you to decide whether a quick renovation could make it easier to sell in the long-run.
Consider the Condition of your Home
If your property needs a lot of modernization to get it back into good condition after twenty or thirty of years of very little work, then you may need to think a bit more seriously about renovating.
While some things can be left for a new buyer to deal with, there are other factors that will immediately cause someone to avoid your property at all costs. For instance, while a buyer might not mind renovating a bathroom themselves, or installing some new floors, no-one wants to buy a house thathas a crumbling, or dangerous roof.
If you’re not sure how urgent some of the renovations in your home might be, the best thing you can do is reach out to a professional team and get their opinion. Many renovation companies will be able toassess your home for you and give you an insight into the work you need to do before you approach the market.
Remember, Some Buyers Will Want to Remodel Themselves
One important thing to remember is that while it can pay off to renovate some parts of your home before you put it on the market, you don’t necessarily need to re-do the whole property. Every buyer is different. Some will prefer to take their belongings to their new home themselves after renting a van, while others will prefer to use a moving team like Bellhops in Raleigh. Some buyers will want you to install new carpets before they move in, whereas others will prefer to choose them after the move is done.
Though a lot ofrenovations can pay off, it’s important to approach your decisions regarding your home with caution. Don’t spend too much money on a home that you’re leaving behind, but don’t be so frugal that you miss out on getting the right buyer.