Many individuals with properties on the real estate market in San Diego ask themselves whether they should renovate their place before selling. For some, it may sound counterintuitive, as they’re trying to get rid of the house and get as much money for it as possible. As such, why should they invest in it? In reality, a well-done renovation can increase the price of a house by a whole lot more than what the renovation itself actually cost. In fact, the price of the home can be boosted by as much as $100,000.
Know the Numbers
Before diving into a renovation project, one should have a chat with an agent working in real estate in San Diego to get a good grasp of the house’s current value, and an approximation of what it would cost if the renovation was done. It is often hard to get these kinds of numbers, but having a clear plan in mind may make it easier. This way, one will see how much they stand to gain if the renovation is performed. It also helps one set the amount they should invest in the project, in hopes of staying on budget and not overspending.
Kitchen, Bathroom and Outdoors
For those with real estate for sale in San Diego wondering where to start with the renovation project, there are two areas that can add a lot of value to a home. They are the kitchen and the bathroom, so investing in them is a good idea. These projects can be quite expensive, and so planning them right and ensuring that one stays within budget is incredibly important. Another area that can quickly add value is the outdoor area. Indeed, with a few cost effective solutions done in the yard it can add quite a few dollars to the price of the house.
Don’t Focus On Just One Area
While it may be tempting to concentrate on one space in the house, it is a good idea to not do so, and try to tackle as much of the space as possible. This doesn’t mean that one should do difficult and complex renovations in the entire house, but that they should take care of little things that have a big visual impact. One such example is a cracked wall, or a worn out carpet.
Renovations are a great way of adding value to a home, but only if one plans the process well enough, and understands the numbers, so as to avoid spending too much on such a project. Something else someone can do if they’re not a fan of renovations is going with easy fixes, like repairing broken tiles, and painting.