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Are We SOLD Yet E01: Should I Renovate My Home or Sell As Is?

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Renovating your home before you sell can be a daunting task. Renovating your home can be expensive and time-consuming, but it doesn’t have to be! With the help of a professional stager, you’ll get the perfect look for your space without breaking the bank. The right way to renovate is with a professional home stager by your side. A good house staging company will work with you every step of the way – from designing an effective floor plan to selecting furniture that fits in with your style preferences.

Should you renovate your home before selling to increase value or should you sell as is? Renovating your home before you sell it can be a tricky proposition. The short-term hassle of renovating may not seem worth it if you think about how much time and money you’ll spend on the project, but there are several reasons why renovating might actually help increase your property’s value in Columbia South Carolina.

Consider these four benefits of renovating:

1) renovated homes often attract more prospective buyers than unrenovated ones; 2) renovations can increase the resale price by up to 15%; 3) some renovation projects will add significant equity to your home; 4) renovated houses are less likely to sit vacant for months on end. With so many potential benefits, it’s no wonder that renovating your home before selling is such a popular trend! If you’re on the fence about renovating or selling as is, here are a few tips to help you make the decision.

Homeowners who renovate and stage their homes before selling will see a higher return on investment

Today’s renovators are finding ways to renovate old, outdated homes to make them modern and beautiful. They also need to renovate their spaces so that sellers can find it easy to sell their homes. Staging is one approach to update the seller’s property so that it looks more appealing to buyers and competes with new construction houses.

Professional home stagers do much more than people realize. They tend to attract buyers because of the work they do on the seller’s property. They tend to be more knowledgeable than most homeowners about what needs to be done in order for your home property to sell effectively. They are trained professionals who know how to market your property. The buyer will think of your house as new and updated instead of old and outdated if you have a professional make necessary renovations to your home. This is because a staged home normally looks more appealing that a vacant one.

Staging a house also makes it easier for a buyer to imagine themselves in the home. A good stager will work with the potential buyer and offer useful insights about what needs to be done in order to renovate the property.

The return on investment for renovating and staging your home is normally about 6 to 15 percent higher than if you don’t renovate or stage your home. Most people think that renovating their home is a waste of time and money, but this isn’t the case. If you renovate your home the correct way, you will be able to increase the value of your home. You will also be able to sell it faster than if you didn’t renovate it at all. When renovating your home, it is important to make sure that you are doing the right things. You need to make sure that you are renovating it for the right reasons. Normally, homeowners renovate their homes in order to increase the value of their property, but are misinformed about what renovations should be completed. You can renovate your home with the help of professionals who are experienced in renovating properties. By doing this, you will be able to increase the value of your home and make it more appealing to buyers.

A staged home will sell faster than a non-staged one because it looks more appealing to potential buyers

A staged home will sell faster than a non-staged one because it looks more appealing to potential buyers. When renovating, think about what potential buyers might want. If you’re renovating to increase your home’s value, make sure the renovations are obvious and add value. For example, renovating a kitchen can be a good investment because it is a high-traffic area. Adding granite countertops or stainless-steel appliances will give your home an edge. If you renovate a bathroom, make sure it’s neutral and has good flow with the rest of the house.

Unfortunately, renovations can be expensive and disruptive to your life. You should renovate based on what will help sell your home quickly. Before renovating, ask yourself if you would buy your home right now with its current condition compared with other homes on the market. If the answer is no, renovate! It’s important to remember that renovations are an investment and should be done with care. If you don’t have the time or money to do it yourself, hire a professional.

At the Latimore Group, we know how to renovate your home to help you sell quickly for the best price. We are based in Columbia, South Carolina and serve the entire Midlands area. Continue reading this blog for examples of homeowners who sold for much more than their original offer price, by hiring our real estate team.

Hiring professionals for the job will make sure that the process goes smoothly and that all necessary repairs are taken care of 

Hiring professionals for the job will make sure that the process goes smoothly and that all necessary repairs are taken care of. A good contractor will be able to give you a realistic idea of how much the renovation will cost, and they will also be able to help you stay within your budget. When renovating, it’s important to remember that less is more. Keep your renovations simple and neutral so that they appeal to as many people as possible.

If you’re looking to increase the value of your home, renovating is a great way to do it. A well-done renovation can add thousands of dollars to your home’s value. However, it’s important to keep in mind that not all renovations are created equal. Some renovations will have a bigger impact on your home’s value than others.

Making an investment in renovating is a risk, but it can absolutely pay off when the time comes to sell. If you are planning on renovating before putting your home up for sale, remember that not all renovations increase home value equally. Hire a professional who is experienced and can provide evidence of work completed and how the work impacted the sales price.

You’ll save money in the long run by investing in renovations now rather than later when they’re needed anyway

You’ll save money in the long run by renovating now rather than renovating after all the updates are needed anyway. You’ll also increase your home’s value, which will help you when it comes time to sell. You can renovate certain things like the kitchen or tiles, but make sure you renovate what is necessary.

You don’t want to renovate a room that doesn’t need renovating and leave other parts of the house in bad condition. If you’re not sure where to start, or if you’re worried about spending too much money, talk to a professional. They can help you figure out what renovations will give you the biggest return on investment.

Examples of Homes Renovated and Staged by the Latimore Group

Here are some examples of how the Latimore Group helped homeowners with renovating and selling for a great deal more. Keep in mind, none of these homeowners paid for the cost of repairs upfront. They were able to use the equity gain to cover expenses and walk away with more money at closing.

EXAMPLE A ▶️▶️▶️WATCH VIDEO BELOW

You will see that minimum renovations were applied to this home. One major repair, new paint, exterior power wash, yard maintenance, carpet cleaning and house cleaning were completed to improve homebuyers offers by an entire $45,000.

Marketing Manager & Home Stager: Donald Latimore

EXAMPLE B ▶️▶️▶️WATCH VIDEO BELOW

As a result of a long-term tenant, major repairs and renovations were required. This is a frequent occurrence in which a homeowner suffers significantly as a result of their lack of funds to repair. They also lack the cash necessary for a cosmetic overhaul to compete with other homes on the market. In other words, the short-term benefits accrued in positive cash flow throughout the years have been offset by the costly repairs needed to make a property livable again. Investors were offering $50,000 or less prior to renovations. After multiple competing offers, the FINAL sales price increased by $100,000!

Marketing Manager & Home Stager: Donald Latimore

EXAMPLE C ▶️▶️▶️WATCH VIDEO BELOW

Here is another illustration of a long-term tenant necessitating major repair work. The cost of the cosmetic work and staging was the least of the expenditures. Most of the renovation budget was spent on major home repairs including roof replacement. When selling your house, you should always address the structural components. Otherwise, homebuyers applying for FHA and VA loans will be unable to get financing after the appraisal. With the removal of most of your homebuyers, you’ve undoubtedly received a slew of offers from investors and cash purchasers who are unwilling to pay anything close to full value for your property. Major renovations improved this home’s sales price by $70,000! Multiple competing offers were received.

Marketing Manager & Home Stager: Donald Latimore

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Here is an example of a home that was not lived in for several years. Major structural repairs including foundation work, along with a modern makeover and staging were applied to this home. Due to property conditions, investors were not willing to pay the homeowners any more than $30,000. After just a few months of planning and completing major renovations, we received SEVERAL offers and improved this home’s sales price by $102,000!

Marketing Manager & Home Stager: Donald Latimore

EXAMPLE E ▶️▶️▶️WATCH VIDEO BELOW

This home is in a very popular subdivision with a great deal of competition. This house required no major repairs other than the HVAC system. Homebuyers were unwilling to pay the full value for this property due to the competition of new construction houses and resale houses in a more desirable condition. After a few weeks of multiple showings and no offers, we made minor upgrades to the house. A neutral color was used throughout the home in tandem with carpet repair, new granite counters in the kitchen, house cleaning, and www. After making these modifications, we received several bids within a few hours and increased the sales price of this property by $46,500! This house changed from homebuyers that were unwilling to pay even near to the list price to ones that were prepared to pay considerably MORE than that.

Marketing Manager & Home Stager: Donald Latimore

There are many more instances of how the Latimore Group raised what homebuyers were ready to pay significantly. Look for our upcoming videos for more examples.

***What If I Still Prefer to SELL AS IS?

If you are in a hurry and want to avoid the hassle of preparing your home, other options are available to you. You may be eligible to receive multiple CASH OFFERS for your home, fast and hassle-free! Visit our Express Offers site to learn more about our as is quick sell option.

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Bottom Line

If you renovate your home before selling, it will increase the value and make what you sell for a lot more money. You’ll have to renovate eventually anyways so might as well get started now or when necessary. Talk with professionals, if need be, about where to start renovating because there are many different parts of the house that can be renovated which mean allocating time wisely is important. It’s also important to know how much renovations cost in order to not overspend on things like paint or tiles while neglecting other aspects of the house such as major repairs needed from long-term tenants who were living in your property without paying rent. The Latimore Group has lots of experience renovating homes and raising sales prices significantly by doing so – we are more than happy to share this advice with you, so don’t hesitate to get in touch!

I’m excited to share more examples of how renovating your home before selling can increase the value and make what you sell for a lot more money. In my next video, I’ll be giving more examples of how the Latimore Group was able to raise what homebuyers were ready to pay significantly. If you have any questions or want advice on renovating your home, don’t hesitate to get in touch with the Latimore Group!

Learn More About Our “Home Makeover Concierge” Program Today!!

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