How To Get The Most Money Out Of Remodeling Your Home

July 28, 2020

The endgame for a home sale is to ultimately get more money than you paid for when getting the home in the first place. Making this happen requires a lot of smart steps, from getting the Best Realtor in Victoria BC on your side, to doing some well-planned remodeling. When it comes to remodeling, though, a measured hand is necessary. Do it right and you can increase the ROI on your home sale. Do too much and you can put in far more money than you ever get back. Here are some tips on how to get the most money out of remodeling your home.

How to Get the Most Money out of Remodeling Your Home

Start Early

Ideally, if you want to remodel before selling a home, you want to start the process well before you actually start the selling process. This will give you less of a time crunch. That way, you can get more work done. Also, you’ll be able to wait until the ideal contractors are available, rather than taking whoever you can get to work with you on short-notice.


Know Where to Focus

Not all rooms are created equal when it comes to remodeling. Statistically speaking, the kitchen and bathroom are the two biggest rooms people focus on when it comes to remodels and sale price. This is largely because working on these rooms incurs costs that many homeowners aren’t interested in taking on themselves.


Don’t Blow your Budget

Remember, your goal isn’t to put in as much money as possible, but to try and build your ROI. This means that some expensive additions may be worth skipping. Sure, they can add value to your home, but not always enough to offset the cost.


See What’s in the Neighborhood

Before you make any major commitments, it’s a good idea to look at homes similar to yours that have already sold. What areas were most recently remodeled? What types of designs did they use? All of these give you good blueprints into what buyers in your area might favor and focus on. Enlisting the expertise of a real estate agent in Victoria BC might be a great move here. They will have the experience and expertise needed to help determine your best option for a remodel.


Choose a Contractor You Trust

When it comes to keeping costs low, you want to avoid as many hiccups or bumps in the road that you can. This means working with a contractor that has a good reputation in your area, so do your research. If you have a lot of work you want to be done, it may pay to work with a general contractor, so as much work is done by one company as possible. 


Get the Most Money out of Remodeling your Home

When you’ve put together a remodel that matches your goals and budget, the next step is finding a smart way to advertise it so you can draw in interest to your home in a sale. That’s best done with professional help from the Top Realtor in Victoria BC, Brad Maclaren Real Estate. By explaining what work you’ve had done to your home as well as what you want in terms of sales price, they can put your home in front of the ideal clients and make it look its best in listings. When you are ready to take that step, reach out to our team today.