Why Remodel When You Plan To Sell

remodelerFor many homeowners looking forward to having a home with a more modern kitchen or a better master bathroom is one of their primary reasons for moving home, so they are reluctant to commit to remodeling a home that they are planning on listing. However research has proven that with careful planning, a remodel can have most of its costs recouped and increase the chances of a quick sale.

Research has indicated that kitchen or bathroom remodels give the greatest return, along with family rooms and master bedrooms, however for maximum increase in value, the homes should be sold within one year of the remodel being completed.

Adding a feeling of spaciousness and making your home feel new and refreshed is the key to securing a quick sale and recouping the value. Experts agree that in many cases, a simple case of adding more space will achieve a greater value. Of course spending money on general maintenance jobs will not increase the value of the property but it will potentially increase curb appeal. You must also bear in mind that the longer the period of time between the remodel and when you sell your home, the less value will be added.

Surprisingly adding an addition to your home is not the most efficient way to add value. Due to the expense involved, you would probably expect to recoup approximately eighty percent of the remodel cost back as valued added. Kitchen remodels are by far the most common way to add value. The kitchen is probably the most frequently used room of the house by all family members, so it has great buyer appeal when it is freshly remodeled.

It is important to balance remodeling part of your home with ensuring its curb appeal has been maximized. Your home’s exterior should create enough of a wow factor on your potential buyers to invite them in to appreciate your newly remodeled bathroom or kitchen. It is also important to take your existing neighborhood into consideration before remodeling. A two story addition could potentially yield less value, if yours is the only one on the block. Likewise, adding an updated kitchen when all your neighbors have also remodeled will simply bring you back up to the neighborhood standard unless you can accomplish something extra special.

The main consideration is to have quality work done on your remodel, don’t be tempted to try and cut corners, as the cheapest estimate is not always the best option. Obtain referrals from family and friends and be sure to use specialist or licensed contractors. A well planned and executed remodel will help you sell your home more quickly and for a far better price than comparable homes, so it is usually well worth the inconvenience and will have you well on the way to living in your new home.

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