Homeowners often fear putting a little extra work and updates into their home before they sell it. Erring with caution is a good thing because a person selling their home certainly wouldn’t want to spend more on repairs than what they will get when they ultimately get the proceeds of the sale.
To stay on top of the situation, it pays to have all the information you can get. There are myths currently in circulation that must be debunked in order for homeowners to make the best decisions before they sell. Here is a list of some of those myths to help people looking to sell their homes become more aware.
Top Home Remodeling Myths Before Selling:
Myth No. 1: Homebuyers want to remodel after they purchase the home
Truth: Yes, Homebuyers want to remodel, but that is not always the case. Many times, they simply want to move in and try to enjoy the home they just purchased. Remodeling is a big undertaking, and some homebuyers just want to move in and start fixing up the rest of their life. Some homebuyers don’t want to move at all, so they will use the home for rental income until it is time to upgrade. This can sometimes result in remodeling once the home is rented out.
Myth No. 2: Remodeling takes too much time
Truth: Real estate sales often take quite a bit of time already. If a homebuyer is already interested in a home, extra time may be given for the seller to make the needed repairs. Repairs that take a long time to finish may not be worth the wait. It is wise for sellers to do what they can to make sure their home is as move-in ready as possible.
Myth No. 3: Remodeling won’t pay off
Truth: Some homeowners may not want to spend the money to fix up the home and make it look nice before selling it, thinking it will not be that much more to make the extra repairs in the end. This is definitely not the case. If the home looks nice, buyers will pay more for it. This money can be used to fix up other parts of the home.
Myth No. 4: The home won’t sell unless it’s newly remodeled
Truth: Some homeowners may be under the misconception that the home will not sell unless it is newly remodeled. This is not the case. If a home is remodeled well, a buyer may pay slightly more for it. However, the home will still sell if it is not remodeled. This may just take a bit longer.
Conclusion
It pays to be careful about the information currently circulating about home remodeling. Remodeling may be a great idea for many homes, but it is not always the case. Before jumping the gun, it is wise to do what you can to research the costs of doing the remodeling. If the costs add up quickly and the options seem too expensive or too much effort, it may just be best not to get started.
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