If you are thinking about selling your house in the near future, the decision of whether to embark on kitchen and bathroom remodeling might be nagging at you. Should you try to make your Atlanta house more appealing to prospective buyers, or should you just go ahead and put it on the market as-is?
It’s a tough decision, but here are a few pros and cons to consider as you make your decision:
- If the market is sluggish and houses aren’t selling fast, kitchen and bathroom remodeling can give your house an advantage when would-be buyers weigh their options. The kitchen is considered the most important room of the house. Updated counters, beautiful cabinetry and flooring, and energy-efficient and technology-advanced appliances gracing your kitchen will help put you ahead of your competitors.
- If your house is older or perhaps has just one bathroom, adding another bathroom or half-bathroom (powder room) can make your home more attractive. Adding square footage will add value to your home as well.
- Small improvements can make a big difference. Look at nearby houses in your price range to determine whether your kitchen and bathrooms are up to par. By all means, don’t go overboard with a high-end, gourmet kitchen. Stick to more modest improvements, such as replacing the flooring, countertops or cabinets.
- You’ll have to put some money into it, and that’s money you won’t have to put into your new house. And as you wait for your kitchen or bathroom to get a face-lift, that’s also more money you’ll be putting toward your current mortgage and household expenses, rather than immediately putting your house on the market and selling it.
- Preparing for a possible move is already stressful, and choosing to spearhead a remodeling project may only compound the already high stresses from relocating yourself and your family.
- It’s hard to predict the tastes of potential buyers. What if you add new cherrywood cabinets but the couple looking at your house wants a light-colored kitchen? Or, what if they want to eliminate the bathtub in the bathroom where you just added a claw-foot tub? If you decide to go ahead with any remodeling, make all your additions as neutral as possible to appeal to as many people as you can.
- If the housing market is heating up and houses are selling quickly, you’ll have a better chance of selling your house as-is, especially if it is priced right. The buyer can then make any improvements he or she wants.
If you’re still unsure about whether to pursue renovations before you sell, you should contact a real estate agent. He or she can examine your house and share the local market conditions with you and give you a recommendation about what is best for you.
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