Carpet Cleaning Vans For Sale
Deciding what renovation work to do before putting a house on the market is a fine balancing act. On one hand, the property should look its best to get a quick sale and the best possible price – but on the other, would-be vendors should not spend all the potential profits from the sale on doing the house up.
Find out what buyers are looking for
Before you start any pre-sale renovation work, ask some real estate agents for an appraisal of the property’s market value, or get a valuation done. This will roughly indicate the top possible price the property could fetch, and help determine whether any work is worth it. The area the house is in determines its ceiling price – the amount that, no matter what the house itself is like, it will not sell above. For example, if the nicest houses locally are selling for $400,000, and you bought yours for $350,000, it is probably not worth spending more than about $20,000 doing it up. Valuers and real estate agents will be able to provide information on what work will add the most value.
Think about the emotional cost of doing renovations, as well. Don’t aim just to recoup the money spent, unless it’s likely your house would not sell without the work. Renovations can be arduous - you need to have at least a chance of making enough of a profit to cover the stress and hardship of living in a building site for weeks or months.
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