If you are planning to sell your home in the near future and want to get the best asking price possible then you are probably considering doing some renovations. You don’t want to start ripping out your kitchen before you know what renovations pay off and putting a tidy profit in your profit. Let’s look at what renovations will make you money.
Some renovations give a great return and others, you will just recoup the money back that you spent. In some cases these renovations are worth doing anyway. Let’s say that you are getting negative feedback from buyers about the kitchen or they hate the color of the living room and you are getting any offers. It is worth your while to get that issue fixed even if you only break even just to get the home sold.
Kitchens & Bathrooms
Kitchens and baths sell houses…that’s a given, that doesn’t mean you have to gut them to the studs and replace everything. Upscale remodels rarely pay off unless you bought a house at wholesale prices and you’re doing a complete renovation. In your kitchen you can often get away with new countertops, appliances and a lick of paint. The same holds true for your bathroom, there are often cheaper options that will give you the best bang for your buck. You can do simple things like replacing the hardware or refacing the cabinets. Here are some low cost ideas for your kitchen.
Do As Much of the Work as You Can
The biggest expenses during a renovation are materials and labor, if you can eliminate as much of the labor costs as you can then you can save a fortune. Any of the project that you can do on your own, from hanging drywall to painting will save you money. Bear in mind that doing it yourself will inevitably take longer and never take on a task that you aren’t capable of doing, that can end up cost you more money.
When it comes to renovation that pay off then you should pay more attention to appearance. First impressions are everything! Unless your buyer is an investor they care more about the paint color in the kitchen then they do about the furnace. As long as things like plumbing, HVAC and electrical are working fine then focus your efforts on making your home more visually appealing.
Ignore Your Own Tastes
If the purpose of the renovation is to increase the value of your home or get a quick sale then ignore what you like and choose things a potential buyer might like. That means going with neutral paint colors and some of the current remodeling trends. Talk with your realtor about what buyers are looking for and how you can incorporate this into your renovations.
There are some renovations that just don’t offer a return, these are things like installing a man cave or converting your garage into another room. Choosing the right renovations can maximize the selling price for your home when the time comes.
Home renovations are costly and time consuming and if you have been thinking about skipping the whole permit process to save you time and money, you should think again. Never do renovations without a permit. Permits are expensive and getting them can delay your completion date but not getting your proper permits can cost you far more in the end. You may even have friends who did work on their home without ever getting a permit and you think to yourself “what’s the harm” or you may not even realize that you need a permit for the work you want to do. Nonetheless permits are almost always required and there actually pretty good reasons to get them. Don’t forget that a renovation without getting the proper permits is actually illegal.
Let’s say for argument’s sake you’re in the middle of a renovation that you didn’t secure permits for and the building inspector shows up. Not only does he have the power to stop all work on your project but that is not the only thing they have the power to do. Let’s start with the heavy fine that he can impose on you, the homeowner. In some cases they also have the power to tell you to undo all the work you have done until the proper permits are in place, so if you have built a shed on your property for example they can tell you to tear it down. Even minor renovations can require a permit, check for a permit if you are doing anything with the plumbing or electrical, building decks or patios or anything else for that matter. It is always better to be safe than sorry.
One of the reasons that you are required to have a permit is to make sure that your property meets existing building codes. Building codes are there to make sure that your home is safe and structurally sound. If you are working with a contractor and they tell you to “don’t worry about a permit” you need to find a new contractor. Chances are pretty good they aren’t reliable and their work probably won’t stand up to inspection, it is also likely that they don’t have the proper licenses or insurance either. If you manage to get your project completed without a permit and you go to sell your house in the future you may face problems that could hold up the sale or affect the price.
It’s Worth the Hassle
Yes, getting the proper permit can be a hassle but the system is there to protect you. You will have to present your building plans while you apply for the permits and you will have to have an inspector come out during the project to ensure you’re following building codes. Permits protect you from shady contractors, subpar work and it makes sure your home is safe and structurally sound. Don’t treat permits as a hassle but rather think of them as an investment in your family’s safety.
Now that you’ve tackled all of your home renovations it’s time to tackle your landscaping too. For a local tree service Rochester that you can count on to be there when you need it you should call Rochester Tree Service!