Steer clear of these renovation mistakes that may cost you more than a sale.
It makes sense to give your home a spruce up prior to sale but always bear in mind that any improvements should be geared towards improving the market value of your home and enhancing its buyer appeal.
Here are five renovation pitfalls to avoid, helping you achieve your goals.
It’s easy to get carried away when renovating! The cost of your renovations shouldn’t exceed the value they add to your home. If you’re preparing your property for sale it can be worth speaking with a local agent to be sure that you will recoup the money spent on improvements.
2. Renovating to your taste
You may love that fire-engine red feature wall in the kitchen but it probably won’t appeal to a broad range of buyers. Aim to keep pre-sale renovations as neutral as possible. This gives buyers more of a chance to picture themselves living in your home.
3. Poor quality finishes
DIY renovations can be rewarding but unless your skills as a handyman are top notch, it pays to hire professional tradespeople when you are planning to list your home for sale. Not only is the work likely to be of a higher standard, the project may also be completed in less time – letting you get your home on the market sooner. You may also receive warranties for the work, which will be appealing to a buyer.
It’s not necessary to renovate your home to showroom perfection prior to listing it for sale. Buyers like to be able to add their own touch and if you’re thinking about a major project like a new bathroom or kitchen, it is worth talking to your listing agent about the merits of a quick tidy up versus a full blown renovation.
5. Stripping a home’s character
If you have an older home one of the cardinal rules of renovating is to retain and enhance any character features. It’s an area that can call for professional advice from architects, interior designers and paint specialists but it’s an investment that is likely to be reflected in a higher sales price.
What are your tips for renovating a property to sell? Tell us in the comments below.
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