In order to increase your home’s value before to selling, many home owners renovate and clean up the home in order to attract prospective buyers. Its may be time consuming, but it will all be worth it when you get a bigger pay day come closing. The question remains, what renovations should you undertake in order to accomplish this goal?
Two things that are always good ideas are kitchens and bathrooms.
Kitchens are the most communal rooms in any home. They are the gathering place of the family and a meeting point for friends and neighbors. As one of the most high-traffic rooms, they are also one of the rooms that receives the most wear and tear. There is a simple truth, new kitchens can sell homes. Buyers appreciate new appliances and counter-tops, they are highly attractive and can also raise the value of a home by thousands. Floors can also drastically change the look of a kitchen. If the floors are worn old linoleum, try replacing them with new tile or laminate, the worth of the change will be evident when the house shows.
Bathrooms are an area that can quickly fall into a state of disrepair. This is largely due to the amount of moisture that is in the air on a constant basis. Any wood elements of a bathroom will usually deteriorate faster than other areas of the home. Also, custom bathrooms are becoming highly popular selling points for many homes. There is a real move towards creating artistic bathrooms, whether that be regressing to an older, more classical style with claw foot tubs and pedestal sinks or; a more modern feel with clean lines and utilitarian fixtures. Being that aside from the kitchen this room is the room with the larger fixtures and appliances, it is a natural choice for renovation.
Another way to get more money for the house is to negotiate with the realtor for a rebate commission. If you are still unsure how to negotiate real estate commissions, the process is quite simple because there is no paperwork or applications to process. The only thing you have to do is ask the realtor if they are willing to offer the rebate, and you could score a few thousand dollars if the house of the home averages $300,000 or more at closing.
The only way you will know if you qualify for the real estate rebate is to ask your real estate agent today.