Should You Renovate Your Condo or House Before Selling?

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Claudya Généreux

Residential and Commercial Real Estate Broker

Claudya Généreux Inc.

Phone: C. (514) 699-9095
O. (514) 374-4000

Address: 3299 rue Beaubien Est
Montréal, Québec, H1X 1G4

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E-mail: claudya.genereux@gmail.com

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Should I Renovate My House or Condo Before Selling?

This is indeed the question that many people are asking themselves. Some people lack the time to carry out renovations and others do not have a sufficiently developed manual side. Is using the services of a renovation expert really worth the cost? Here are the answers to your questions.

A Renovated House or Condo Sells Faster

When selling your property, you have to put yourself in the buyers' shoes. Some are very busy with family and work and don't want to invest time in renovation; others barely know how to use a hammer and finally other people have the time and skills to renovate a condo or a house. If you choose to leave your property without carrying out work, you will lose several types of buyers. Your home will therefore be more difficult to sell and you will most likely have to negotiate your sale price downwards since your house or condo is not in perfect condition.

Does Renovating Your Property Really Increase Resale Value?

Would you be willing to invest a little more money knowing that you won't have to invest in your home for the next few years? Buyers see a renovated house or condo as a more profitable investment. They know that they will not have any unpleasant surprises in the months or years following the transaction. We will not hide the fact that the buyers who will visit your house have visited several of them. If, for example, your house is worth $15,000 more than a comparable house because you have made renovations, the buyer will be able to spread this additional amount over their 25-year mortgage. The difference will not be huge to have a hassle-free property.

Is Using the Services of a Renovation Expert Worth the Cost?

I Want to Sell

Who says renovation expert, says speed of execution and a job well done. A task that would take you hours and hours can take an expert minutes. A renovation professional can, in a few hours, correct several problems with your condo or house that could harm the sale. It is recommended to obtain a quote before jumping to conclusions too quickly and imagining that it will cost a fortune. Remember that the primary goal is to renovate your house to give it back its character and not to do a general renovation to make it look like a newly built property.

If you have any questions about whether you should renovate your house or condo before selling, do not hesitate to contact me and I will be happy to answer your questions.