Why you shouldn't renovate before you sell your residential property.
Most people have it engrained in them that if they want to sell their house for a good price, they need to spend serious time and money to renovate the property before it hits the market. But what if we told you that 9 times out 10, that new carpeting your adding doesn’t add a penny to the property value?
Most of the time, the things that you think will add the most money, are the things that are simply wasted. Swapping curtains for blinds in every room can seriously set you back in budget, whilst it does nothing for the market value of the property.
Here are the main things that you should consider doing when you have decided to sell your residential home:
· Redecorate, (painting / repairing any damage in your home)
o Cost: £3,000
o Added Value: £9,000
· Solar Panels
o Cost: £6,000
o Added Value: £12,000
· Utility Room
o Cost: £8,000
o Added Value: £14,000
· Garden Office
o Cost: £9,000
o Added Value: £21,000
· Kitchen Upgrade
o Cost: £10,000
o Added Value: £15,000
· Electric Car Charging Point
o Cost: £1,000
o Added Value: £4,000
· Garage Conversion
o Cost: £13,000
o Added Value: £28,000
The average homeowner spends their money on the wrong things. New spot lighting, wiring, and tiling, but that doesn’t add to the structural value of the property. If anything, most buyers will completely remove and redo the effort of the seller when they move in, and it is extremely wasteful.
Of course, not every seller has the budget to add these features and it can sometimes feel like you are stuck between a rock and a hard place. Auction can help! At Smart Auction UK, we sell your property as it, meaning no need for renovations, decorations, upgrades, or repairs. We sell to experienced buyers and investors who understand and can see the potential of your home. We do not ask you to sell for less, or pressure you to take every offer that comes forward. We prefer to wait for the bidding wars to start!
Contact us today to discuss how we can get your property on the market and sell it for market value in 30 days, putting in on a reserve price that suits you and building a long-standing relationship with you so we can do business again the future.
Call us on 0151 697 5118 for a free consultation!
With us, it’s totally free to sell – no hidden costs,
no commissions, no “optional extras”. We offer a complete service, including a free estate agent, to make your sale as smooth as possible. Our local experts will always be on hand to guide you and answer any questions.
All information is kept completely confidential and will only be used by our team to assess if we are a good fit.
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