Sparta moving hacks #5: Are you asking yourself whether you should renovate before selling your home? There is no definitive answer to this question, as each case is unique. On the other hand, there are some common factors, which we have outlined below, that hopefully will help you make an educated decision.
DEFINE YOUR BUYER
You need to understand the demographics which you are targeting. Begin thinking of your home as a product. For example: if your house was designed with a family in mind, is less than 2,000 square feet and is in a quiet residential sub-division with good schools, your target audience is more than likely young families. This could mean the prospective buyer would want a turnkey home. If the buyer has a young child, they may not want to go through the renovation process and would rather pay a little extra for a space they can move into right away. If you think this is the case, then consider renovating, as you should see a good return on your investment.
LISTEN TO THE MARKET
Is it a seller’s or buyer’s market? Ask your realtor for input: he or she should be able to inform you on how the market is performing in your area. This will help guide your decision. If the market is in favour of sellers, then increasing your home’s value by renovating might be the right move. Overwhelming amount of articles in recent months agreed that Calgary’s housing market, in general, should hold stead in 2018. According to Calgary Herald’s recent post, single family detached homes, as well as apartments are expected to see slight decline, while on the other hand single family attached homes will enjoy a price climb in 2018.
If you are looking for a realtor, consider Pero Solin, who is among TOP 10 in Calgary, who also specializes in family homes in the Inner Calgary.
CONSIDER YOUR HOME CONDITION
If your property requires a lot of upgrades – maybe it hasn’t been touched since the 1980s and needs a complete overhaul to appeal to certain buyers – think twice before renovating. Taking on a large renovation can unveil a series of issues that could turn your home into a money pit. The tactic here might be to leave your home as is and reduce the price based on the need for renovations. While you won’t be able to sell for as high, it could be a savvy financial decision in the long run. Consult your local Calgary Renovation Expert – Harding’s Home Improvement Company for a professional and unbiased piece of advice.
IT’S A MOVING TIME
Whether you renovate or not, you will sell your home eventually. When you do, you will need to move. Another big decision to make!? Do I rent a truck and DIY or hire a moving company? Sparta Movers has an answer to this question.
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Whenever you plan your next move, make a smart choice and contact Sparta Movers team. Let us earn Your loyalty!