Home renovations, home remodeling, or just simple house repair is a crucial task basically to preserve your home’s overall beauty, as well as fixing the areas that are prone to damages such as plumbing, doors, gutters, among others. Doing minor house repairs and maintenance helps a lot especially when you want to sell the house in the future.
However, while doing the house remodeling or renovation, it must answer the most important question. When you’re going to sell your house now, should you do the renovation? Rodney Miles might just have the answer you’re looking for in his article at Professor’s House. Read the article below to find out.
Should I Renovate before Selling my House?
Considering selling? Planning to sell a house you own? If so it will probably have occurred to you – or even have hit you squarely in the gut with some urgency – that you should do whatever possible to maximize not only the profit from the sale, but whatever possible to ensure you experience the quickest possible sale, the smoothest possible transaction, and all with the fewest possible pitfalls or weakness of position.
You do all of the above by having something someone else wants really badly, and being able to offer them a great price.
Sounds easy, right? Well the closer you look the sooner you realize the trick: spending your time and money efficiently and effectively in the process. So you ask yourself,
Should I renovate before selling my house?
1/1,000 = 0.01%
It can be illustrative to consider extremes. If you were to pay $200 per gallon for gold-flaked purple high-gloss paint and smatter it throughout the living and dining rooms, out of one thousand prospects you just might find one who will move heaven and earth to buy your house.
This brings up one of the most important maxims I have learned in my time as a real estate broker:
Assume prospects have no imagination, whatsoever.
How many home and garden channel reality television shows have you watched where the client remarks about how ugly the paint is or the landscaping, while they walk right past the swimming pool or an open view of the water? Did you imagine the real estate agent smacking them in the head, too? See full post here…
Deciding whether you’re doing the house renovation or not before putting your house in various listing pages is perhaps one of the biggest decision you’ll ever make in your life. Once you’ve decided to start the process, always remember that you must plan it carefully for you don’t have all the time in the world.
You need to finish it fast without setting unrealistic expectations. To help you with that, Luke Oleenik wrote an article in Lending Home about the importance of not setting unrealistic expectations when it comes to planning home renovations. Check out the article below to find out more.
Don’t Set Unrealistic Expectations – Planning the Timeframe of House Renovations
If you are doing your first significant home renovation, you may be busy working out a budget, gathering inspiration, refining your scope, searching for teams who can make your vision come true, and assessing final cost breakdowns. All of this planning may require renovation-specific software or spreadsheets in order to keep the details organized.
However, one area many new real estate investors may not give enough attention is planning the renovation timeline. Often, estimates are complete and it may feel like everything is in order until the project starts, and you realize that the projections were off. Just like in any other construction project, a lot of things can go wrong. This can unfortunately result in being done with one phase of the job only to realize that you need to start on another phase that you didn’t account for.
Factors that impact renovation timeline
If you have adequate resources and a proper plan, it is possible to stick to your original renovation timeline. Budget for between two and six months for significant house flipping renovations such as upgrading the electric and plumbing systems. Other factors that determine how long a renovation will take include:
- Space. How large is the area that is being renovated? You may be renovating only a kitchen and bathrooms, but their size significantly affects the timeframe it will take you. A larger space requires more materials, more time to install them and more people to get the job done.
- Disruption. Some people renovate while they are living in the home, which slows down the progress since consideration is made for the people living there. If you have somewhere else to live during the flip, it will take much less time. If you are planning to live in the house during renovation, make sure that is permitted by your lender if you have one. For example, LendingHome does not allow you to live in the property being flipped, before, during or after renovation.
- Planning. When you are thinking of how long it takes to remodel a bathroom, it is best to do it in stages. This slow and steady method allows for small errors to be caught along the way, preventing them from compounding, and becoming large errors in the end. Once you are done with one step, you can move on confidently to the next. Plan out the different stages by considering the materials and tools you need. Click here to read the rest of this post…
As mentioned, don’t set unrealistic expectations when you’re planning to do house renovations. Plan only on the things you can actually control and manage. But you don’t have that much of a time. Include time constraints in your planning as well. However, if you’re doing home renovation the first time and have no idea of the timeline, you should follow the tips written by Inspire Homes.
Planning A Renovation Project: How Long Does It Take?
“How long does a renovation take?” is a question we have often been asked over the years, and our response is always, “there are two parts to the process – the planning stage, which includes design and the building permit, and the construction stage.”
The time required is contingent on a number of factors, from the type of renovation and the scope of the project to how long you, the homeowner, take to feel comfortable with the design and make the necessary decisions.
Let’s look at each type of project in more detail so we can better answer this question.
If the project is small, such as a small bathroom or kitchen renovation, then it typically doesn’t take all that long to complete. What defines a project as small, besides the square footage, is that the layout does not change. Placement of fixtures, such as sinks and toilets, aren’t being moved.
Small projects like these are sometimes referred to as “pull and replace” projects because the room is simply getting updated. For a small bathroom reno, the actual construction time can be as little as a week, but usually two. Keep in mind that selections still need to be made far enough in advance that the materials are available when construction begins.
Typical design and planning time: 1-2 months
A mid-sized project is also often a kitchen or a larger bathroom, and this is defined when you begin to change the floor plan and move around fixtures. For example, in a mid-sized kitchen renovation, the space is rearranged to improve functionality and as such, the appliances aren’t kept in the same location.
A mid-sized renovation project, like the ones described above, can take a month or two to develop the design, and if you need a building permit, that can add an extra month.
Typical design and planning time: 2-4 months
Finally, there are large renovation projects, such as whole-house renovations or second storey additions. These projects can take between six to twelve months to get design and building permits in place. This depends on two things: How long it takes for the homeowner to feel comfortable with the design and what City approvals are needed. Learn more about this article here…
It is important to remember that you don’t have the luxury of time as far as home renovations are concerned, depending on the type of renovations you’re going to do. You need to plan according to the amount of project you’re going to do. Lastly, follow the plan thoroughly to avoid further delays on your project.
If you want to sell your house and already finished all the necessary repairs and renovations, we at Dependable Homebuyers can help you sell your house fast, finding the right buyer and the price you want it to sell. We have served thousands of clients and are fully satisfied with our services. To learn more, visit our website https://www.dependablehomebuyers.com/blog/category/real-estate/ to get started.