Article published by : navjeet on Friday, June 06, 2014 - Viewed 659 times


Category : Real Estate

Tips for Making Profitable Home Renovations

Selling your home in a buyer dominated market is not an easy job. The competitive scenario requires the sellers to make every effort they possibly can to sell their home quickly and at a profit they desire. Home renovation is one of the best solutions to make your home stand out and attract potential buyers. However, it can become difficult to decide which home renovations are capable of enhancing the value and price of your property and which are merely wastage of your money and time. Here are some tips to help you make profitable home renovations.

The very first tip is to invest in renovating the exteriors of your home, as it is the first thing that potential buyers will notice. A home that looks beautiful and welcoming from outside is more likely to be sold faster than a house with a shabby lawn or poorly maintained walls. A fresh coat of paint on the walls and front door, replacing the door knob and adding a few lights can significantly improve the appearance of your home. You should keep your lawn properly mowed and add a few flowering plants too. These are some of the inexpensive renovations you can consider to spruce up the exteriors.

The next tip is to replace or repair those elements which can get worse with time. For example, a sink with chipped edge or a broken window is better replaced, rather than letting it affect the saleabilty of your home. The buyers are quick to observe such small details, which homeowners usually ignore by considering minor. If you notice any element which is likely to fail or break in near future, then get it repaired or replaced immediately, before the prospective buyers notice it.

You should pay attention to upgrades which can add to the energy efficiency of your home and lower the operating costs. Every buyer wants to live in a home which offers convenience, without adding to the utility costs. Investing in solar panels might not be a good option in every case, but you can consider replacing the existing appliances with more energy efficient models. Adding energy saving appliances promises long term gains and this one factor can help considerably in making your home more desirable among buyers.

Sufficient storage space is one element that every buyer wishes to have in his new house; however, not every home offers this expediency. This can be your chance to maximize the storage space in your home and lure potential buyers. If your house has an attic, which is lying unused, then it can be easily utilized as a storage space. Similarly, the vacant space above your garage can also be used as storage area.

The renovation ideas mentioned above do not cost a lot, but surely make a great impact on enhancing the sale prospects of your home. As a seller, your focus should be on presenting your house in such a way that it appeals maximum buyers and these home renovation tips let you do just that.

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By: navjeet

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