Should you renovate your property before selling it?
Many homeowners wonder whether they need to carry out any work to increase the value of their property before selling it.
But what is it really? What work should be done? What will help your property increase in value? What kind of work will help you sell faster?
Many homeowners wonder whether they need to carry out any work to increase the value of their property before selling it.
But what is it really? What work should be done? What will help your property increase in value? What kind of work will help you sell faster?
First of all, we advise you not to undertake any major work before selling your property, as potential buyers and future owners will probably make alterations to suit their own tastes. So there’s no need to spend a lot of money on major renovations that future owners may not like.
We recommend that you refresh your home and bring it up to standard before selling it. Of course, you can decide to sell your property as-is, but there must be a logic in the selling price, which cannot be equal to the price of the same renovated property.
Here are a few things you can work on before selling your home.
Refresh your home
First and foremost, we advise you to give your home a new look. To achieve this, 2 steps are essential:
A big clean-up
A thorough cleaning of your home will bring freshness and lightness to your visits. It’s easier to attract buyers with a home that looks healthy and clean. First impressions are crucial to getting a feel for a new home. Cleaning your property also means clearing out the clutter and tidying up to air out the spaces.
The paint
A lick of paint will bring a breath of fresh air into your home. New, clean paint also contributes to visitors’ first impression of the home. Repainting walls isn’t very expensive and is easy to do, although it does take a little time. We recommend using a nice white paint or a fairly neutral color to brighten up the rooms. Don’t choose too strong a color to help potential buyers in their purchasing decision.
Bringing electrical systems up to standard
Bringing your electrical installation up to standard is a very important point before selling your property, because without a compliant electrical installation, the price of your home can fall. At the time of sale, real estate diagnostics must be supplied to build up the sales file. Mandatory diagnostics include electrical installation diagnostics. We therefore recommend that you carry out an electrical upgrade before entering your home.
Home insulation
Replacing windows may seem like a big expense, but think again. This expense will add considerable value to your home, and thus increase its price. Nuisance can be an off-putting criterion for potential buyers. The other significant advantage of having your windows replaced is the energy performance of your home, which is mandatory in any real estate advertisement. Installing double glazing is a worthwhile investment to improve your DPE (Diagnostic de Performance Energétique) rating.
Any rooms to be renovated
Bathrooms and kitchens are often rooms in need of renovation. These are the two most decisive pieces in a sale. However, this work is quite costly.
We advise you to give these rooms a fresh look with paint on the kitchen units, for example, as a color that’s too old or too pronounced will be an obstacle to appealing to potential buyers. Other details can be improved without incurring too many costs, such as repairing seals or changing door handles.
Our final tip
- Focus on energy efficiency
- Refresh your home
- Don’t forget the outdoors
And for heavier work, we advise you to provide estimates to be transparent with future buyers and give them confidence in the amount of work required. This will also avoid any unreasonable negotiation on the sale price. To avoid incurring unnecessary costs in renovating your home, enlist the help of a real estate agent who can guide you through the necessary work before selling your property.