Renovating for Resale

By
Real Estate Agent with The Lipman Group | Sotheby's International Realty #311723

The weather is cooling off, the holidays are around the corner, and people are filled with a sense of coziness of the home. But maybe you have your sight set on a new home for next year’s festivities and you are thinking of marketing your existing home to sell this coming spring. As you look around your house and consider its features and selling points, you may decide to renovate during these cool months. If so, read on for some helpful Do’s and Don’ts of renovating your home for the purpose of selling it.

The first thing to know is that renovations do not always “pay for themselves” in the traditional sense of cash dividends. In other words, if you put $20,000 worth of work into your home, you may not necessarily sell the home for $20,000 above its existing value. While the appropriate renovations may or may not increase the value, they will improve the likelihood of selling the property, and selling it quickly. Most buyers want an updated home on which they will not have to do immediate work.

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Topic:
Real Estate Market Trends
Location:
Tennessee Davidson County Nashville
Tags:
renovation
resale
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Rainmaker
571,924
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Emily,
I always encourage potential sellers to allow me and my stager to walk through the property BEFORE they do anything. Sellers are often wrong about what they think will add value.

Nov 10, 2015 06:29 AM #1
Rainmaker
3,145,108
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Emily - Thank you for the very valuable information on renovating for resale.

Nov 10, 2015 06:57 AM #2
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Rainmaker
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Emily Lowe

Nashville TN Realtor
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