Joanne Metz

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(708) 502-2127
(773) 985-7700 (Office)

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Remodeling Before You Sell: Think about it

Posted On: May 10th, 2017 7:59PM

So you are ready to hire a REALTOR® and put a for sale sign in the yard, but you are wondering if a rehab project is needed to get top dollar for your home? This decision requires a little reflection and research. I am always happy to counsel my sellers on this decision. Let me share with you a few pointers.

Number one, what’s the cost? With any project, keep in mind that you must not over invest your time or money.

Guaranteed Return. Unique features should not be added just before selling. This includes hot tubs, wine cellars, movie theatres etc. This sort of remodeling is best done when you initially buy a home in order for you and your family to enjoy.  A prospective buyer might not consider them necessary.

Keep it manageable. Major kitchen and bathroom renovations are also far too expensive and complicated to undertake.  Consider smaller upgrades, like changing an old shower door, a new vanity with sink and faucet or the cabinets or counter tops in the kitchen. Adding an extra room or enlarging an existing room is costly. These projects usually entail getting a permit and take months to complete without actually increasing the selling price by enough to recoup the investment.

Little projects that make a big impact. Repairing or replacing a leaking roof is inexpensive and improves the overall appearance of a new home. Prospective homebuyers are especially wary of problems with leaking roofs and will make lower offers. Freshening up interior walls, flooring or lighting.

Drive up appeal! Most importantly, your home’s appearance from the street is what makes the first impression to a potential buyer. It would be well worth renovating the landscaping of the garden, painting the exterior or adding a deck.

I have access to annual reports covering the cost of, and return on projects like this and more. Let’s have a talk and weigh your options. Making the most money for your home, with the best terms and least amount of hassle is my priority as your trusted advisor.

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