Do you plan to sell your home and then downgrade or relocate to a different area? Your house definitely may be in need of a makeover before it goes on the market, especially if it is older or has not had adequate repairs in a while.
It is important to prepare the home to attract the most appropriate buyer. However, many homeowners make several mistakes when renovating their houses. Learn how to avoid the following errors so that your prized possession can fetch you a tidy sum when you go to sell.
Starting without a plan
Whether you want to do a DIY repair job or call in professionals, be sure to have a renovations plan in mind and on paper. It does not matter how large or small the actual repair work is. If you are painting a wall for example, be sure to take the time to tape off fixtures such as light switches and door knobs (as the little details will be vastly important through this process).
Having a plan well-laid out gets rid of errors. Think ahead on who your most prospective buyer would be. Is your house more suitable for a bachelor or a family of five? Tailor the renovations plan to suit the prospect so that you bring in the most appropriate fixtures, accessories and finishes.
Buying cheap materials/products
If you’re home is an older one, you may not exactly want to spend a fortune on it. But at the same time, you do want to attract a handsome purchase from the highest bidder. Be sure not to buy substandard or counterfeit materials just because you want to save money.
Subpar standards in house fittings and repair will make suitable buyers shy away. In addition, home inspectors and real estate agencies may rate your house poorly. Insist on products that attain industry standards in North and South Carolina.
Taking inaccurate measurements
One of the most common mistakes of DIY renovation is wrong measurements. Taking inaccurate measurements will lead you to make repairs that do not fit. As you are forced to take an item back to the store for an exchange, time will be running out.
If you are not sure of the dimensions of your faucets, sinks, cabinets, doors, windows and other items, you might want to leave the revamp job to experts. The last thing you want in your house is a weird looking appliance or installation when a prospect checks in that doesn’t fit right.
Failure to allocate enough time
Lack of enough time and proper scheduling of the project will delay your sale and your expected relocation plan. Do you really want to be inviting buyers right when the paint smells fresh off the walls?
Even if the project is assigned to a pro, he needs time to place everything in it’s right place. Just like in budgeting, be sure to include extra time in the schedule to review the project before listing it with a realtor. You do not want to deal with potential issues at the 11th hour.
Making too many renovations
You want your house to have a very stellar first impression. But you do not want to spend so much that the selling price is lower than the house value plus your renovations expenditure. Be sure to strike a delicate balance between restoring your house’s glory and overspending.
Having many installations could mask the original design and architecture of your house. It may also scare off prospective buyers if it looks too different from houses in your neighborhood. Be sure to let a reputable contractor help you with this. A great realtor might be able to help you in this search as well.
Having bright or bold textures
Do not make it too obvious that you have just renovated your house. Wise buyers may take this as a cover-up for underlying faults. Bright colors and bold textures are a definite no-no.
Write a checklist of the colors and patterns desired for appliances, fixtures and fittings. Consider going with the original look and feel of your house for a successful project.
If you’re looking to sell your home and want to maximize your potential sale, we can go over it’s value here.