If you are planning to sell your property in the near future, the arrival of winter marks the beginning of preparations.
The good time to sell is coming very soon. You want to sell but do renovations before. That’s a good thing. Before you start some work, it is good to prepare thoroughly.
So here's how to organize your renovations before you sell.
1. Call your real estate broker
Contact your real estate broker for advice. Among other things, he can help you prioritize your work according to those that bring the most value to your property. You will also benefit from his references when you call upon certain renovation and real estate contractors.
2. Use a building inspector
A building inspection will allow you to identify work to avoid too many potential buyers being turned away. Before starting visits and future inspection requests by potential buyers, be proactive and inquire about the condition of your building. It is better to know a problem before your buyer because otherwise, the latter will be in a position of strength to negotiate your selling price down without giving you any leeway to carry out work that might cost less than the amount negotiated for the reduction.
3. Check to see if you are eligible for grants
Take the time to find out about your budget for your renovations: can you receive grants? Will the total budget increase the value of your property more than your expenses?
Following the inspection, you will be able to request a few bids to assess the potential cost-effectiveness of performing the work or not.Some expenses may be less profitable than others.It may not be necessary to invest in all the proposed renovations.
4. Ask for multiple bids to get the right price for the work selected
Attention, concerning renovations, forget your personal tastes and think about using materials and colors that make, in general, unanimity. These are not renovations dedicated to your well-being, but renovations planned only for resale.