Claudia Lefebvre

To Renovate or Not to Renovate Before Selling?

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My fellow readers,

Thank you for your interesting comments and questions, I love reading them! In fact, I will be posting twice a month starting now. One of the most frequently asked questions that I get is “Should I renovate my house before putting it on the market?”

Well, my answer is NO and here’s why.

#1 Budget, budget, budget

Although it’s fine to undertake minor repairs, like patching scratches on the walls, fixing the missing paint on moldings, little cracks here and there, a broken faucet or window, please do not start remodeling your bathroom or kitchen. These extensive renovations are costly and more often than not, quite lengthy. Chances are you will not get the desired return on this investment.

#2 A question of taste

You have to bear in mind that every buyer has his or her own tastes. Most potential buyers shopping for a new property have a general idea of what they are looking for. Let’s say that they already know that they want a huge bathtub in the master bathroom. You, the potential seller, thought it would be great idea to modernize the look of the bathroom. You have put in a brand new extra large shower, leaving no place for a bathtub. Nothing is more frustrating for potential buyers than to see that major renovations have just been done, renovations for which they’ll obviously have to pay for and that do not meet their own personal tastes. In this case, the potential buyers might just decide to move on to the next property.

Conclusion: buyers will want to do their own renovations. It’s simply not worth the trouble! You’ve got enough on your plate!

#3 Home staging

No need for big renovations, a little home staging will do the trick. Put away trinkets, clean up your entire house, and play around with your furniture. You might find out that your living room looks more spacious when you place your sofas in a different angle. Clean the walls and windows to make the sunshine in. Keep your house clean and welcoming. You’re all set to put your property on the market!

My last advice is to partner with a real estate broker to get the maximum value for your property. If you have any questions or seek guidance for the sale of your house, do not hesitate to contact me. I would be glad to work with you in order to put your property in front of serious buyers.

In the meantime, you can visit my website to sell or find your perfect new home
claudialefebvre.com

Claudia

 

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