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Real Estate

Selling real estate? A little renovation may increase the selling price of your real estate

The reasons why home owners invest in renovating their homes could be many: to make important changes in the premises to make it more comfortable; to do preventive maintenance work so that you do not have to spend a lot of money later. These of course increase the live-in comforts a great deal. Perhaps the most important gain which you can get out of renovating your home is that it can increase the value of the premises manifold. This can be invaluable if you are thinking of selling the property.

Spending a little money to upgrade your real estate can increase the market value a lot. It is up to you whether you would like to completely overhaul the décor, add or alter the space utilization within the home or you would like to simply touch up certain areas of the home which can make it look more attractive to the prospective buyer. There are renovations which can be done both to the exterior or interior of the real estate which could add a lot of value to the property.

In case you wish to do minor renovation work, it could well be a do-it-yourself job, materials for which can be purchased at your local home store. Most materials come with user instructions following which the task can be done easily. In case you wish to embark upon a major overhaul of the house, it is wise to consult a design or interior consultant or a contractor, rather that doing everything yourself.

The internet is a great place to locate the home designer of your choice. These renovation experts can offer valuable advice, opinions and other inputs which throw open many design ideas for the job. Over and above the design consultant, you could even hire the services of a general contractor who would supervise the entire renovation job for the home. There are also specialized contractors available for supervising specific jobs like roofing, plumbing, flooring etc. These professionals would take on the complete responsibility of the entire renovation and even clear the debris after the renovation work is complete.

The job of home renovation can be a daunting task. A lot of meticulous planning is required which can be ably be done only by a professional. Jobs like floor improvement, wall and roof replacement, re-designing of the rooms, improving ventilation by increasing windows, maintenance of heating or air conditioning systems, and more. Professional home renovators could offer valuable tips on reducing energy consumption which reduces your utility bills, tips of improving home safety measures as well as re-doing the interior décor, which can immediately enhance the look of the real estate before you sell it to a buyer.

Budgeting for the cost of renovation and the time it will require is an important aspect to consider before you decide to show the property to buyers. Remember to add 25% extra to the cost estimate given by your contractor and 30% extra to the time decided upon. It is perfectly normal to expect hitches, breakages, delays and absent labor in this type of jobs. There is really no point in getting upset or angry over such issues. Before you show your property to buyers make sure that the house is clear of all debris and dirt which is a natural fall out of any home renovation work. In fact, it would not be a bad idea to go for a short holiday which any major renovation work is going on in the house or even put up with some friends, if the noise and clutter is too bothersome.

If you calculate the time and the cost involved for renovation and plan your selling activities after all the work is over, you will be doing justice to all the efforts needed for selling the property. Remember, that buyers tend to look at certain areas of the house before buying. Strange though it may seem, the kitchen and baths are areas most people want to be exceptionally good. This is a strong motivator for any real estate buying decision.