Page 15 - Downsizing
P. 15

8. QUERIES ABOUT




              MAJOR RENOVATIONS






              As agents, we get asked a lot about                  renovation can make the difference

              renovations and, more specifically,                  between getting a house sold more

              whether they'll increase a home's value  quickly versus sitting on the market
              (or if they're even necessary to do                  forever or simply not selling.

              before selling).
                                                                   Renovations like a new kitchen or
              It's a good thing to ask about because               bathroom are often cited as being a

              many people don't ask and then end                   great return on investment. They

              up regretting the work they did.                     can be. But they might not be for
                                                                   you and your particular house and
              Quite often, a renovation project
                                                                   situation. So make sure to think
              ends up costing the homeowner
                                                                   twice before doing any major
              more than it actually increases the
                                                                   renovation to your house prior to
              value of the house. Sure, it might
                                                                   putting it on the market. Make sure
              increase the value, but there's a
                                                                   to run any project you are
              good chance it won't increase it
                                                                   considering by your real estate
              enough to justify the time and cost
                                                                   agent.
              of having done it.



              That's not to say that it never makes
              sense to do a renovation before

              selling. Some certainly do improve

              the value beyond the cost of doing
              it. And sometimes doing a




















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