Are you thinking about selling your home but aren’t sure whether to renovate it or not? Selling a house can be an exciting prospect – you’re ready to move on and start a new chapter of life. But when it comes down to it, what should you do first? Should renovations be done before selling the house, or can they wait until after the sale has been completed?
The truth is many factors must be considered to make the best decisions for you and potential buyers. In this blog post, we’ll explore some of these considerations so that you can make a more informed decision about whether renovating is right for your situation.
Why Would You Want to?
The first thing you should consider before deciding whether you will be renovating is why you want to renovate. And why would you want to sell the home as is? These are two crucial questions to ask before considering putting your home on the market.
There are many reasons you would want to sell your house as is. For example, you might need to relocate for work and completing, and completing a renovation project will delay the time it takes for your house to be sold. Another reason is that you simply might not be able to afford a renovation.
On the other hand, if there is no serious rush to sell your house, you should consider renovating it since it means you’ll be able to increase the amount of money you will receive for it.
Using an Estate Agent
The next consideration you’ll have to make before deciding whether you want to renovate is if you will be using an estate agent. If this is the first time selling your home, it is advised to use an estate agent for various reasons.
First, an estate agent can give you an idea of whether you should renovate. More importantly, professionals like Rochdale Estate Agents can tell you which rooms of the house and what features need to be renovated to increase the value. In addition, they can do all the paperwork and get the house on the market and money in your hands much faster than you could alone.
Would You Lose Money?
Another significant consideration when deciding whether you will be renovating is whether you will lose money if you don’t renovate. More importantly, would you lose money if you renovate?
For the sake of argument, let’s say that your home is very old, or perhaps you have inherited your parents’ already quite dated home. If this is the case in either scenario, you will spend a lot of money to modernise the house, which might not be necessary.
Anyone wanting to buy a dated or very old home will likely tear it down and start from scratch or drastically remodel it themselves anyway. However, if you just need to make a few minor adjustments to the home, or a few small renovations, then it might be worthwhile since you can increase the price quite dramatically.
Pros and Cons of Selling as Is
First, one of the biggest pros of selling a house as it is is that there are fewer costs involved since you won’t be paying for any renovations. Second, you’ll be able to get the house on the market and sell it much quicker since you also won’t have to worry about any contingency clause negotiations.
Of course, there are also cons to selling your house, such as a lower selling price since you won’t be doing any repairs or renovations. You might find fewer buyers interested in purchasing an old house since not everyone has money to perform extensive renovations.
