Remodeling a home in Vancouver That is the question. As many sellers get ready for the busy summer selling season, the inevitable question always arises: shall we remodel, replace or sell the home "as is?" With 600 homes on the market in Vancouver-each in competition with the others for a buyer-it is important to make your home stand out as the best value among those available. However, too many sellers make their home "over" ready for sale and upgrade above the neighborhood's price range.
Money.com has evaluated some of the most common home improvement projects and has compared the cost to repair or remodel with what those improvements might add to the sale value. For example, the average price for a minor kitchen remodel can cost the consumer $17,900 but add only about $15,300 to the home's value at the time of sale.
The average cost to add a bathroom is about $28,900 and increases the homes value only about $21,700. Replacing the siding with vinyl can cost, on average, $9,000 while bringing the home's value up less than $8,000. What about replacing the roof? Nationally, the average cost of a roof replacement is $14,300; its added value at the time of sale is only $10,500. An alternative to replacing a roof might be clean off the moss and gently wash the roof to remove other debris. Too often, sellers plan major renovations and end up losing valuable dollars at the time of sale. Before renovating, consult a real estate professional who can provide information regarding the likely pay-off of such improvements. Consider only those projects that make financial sense. And, if you plan to stay in the home more than two years, a major remodel might be just the ticket-increasing your enjoyment of the home and resulting in a higher sale price in the future. Getting your home ready to sell may require as little as boxing up extra items around the home, renting a storage unit to store excess furniture, and adding a fresh coat of neutral paint to the interior of the home. Many realtors in our Vancouver/Port Coquitlam community are skilled at staging a home for sale and can provide information about estimated renovation costs when a major improvement is needed. For an in-depth analysis of what needs to be done to get your home ready to sell, please contact the Peter Carleton Team for a free seller consultation.
Call me Today to see if I can Help You with you Home buying or Selling experience .
Jacob Boshoff ,Keller Williams Results Realty :Tell: 604 472 0811
Cell:778 231 9487
Email jacob.b@telus.net
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