Renovation is simply the process of repairing, refurbishing and reviving an outdated or worn out structure. People renovate buildings for various reasons and to preserve certain values that give the place its identity. It is but a matter of touching and repairing what needs to be in order to have a structure sound and aesthetically proper building. In the current times, renovations have been a trendy aspect; from practical DIYs to professional services. Every single party working towards the modern day definition of sustainable perfection.
In the real estate realm, commercial and residential refurbishment is an every other day practice. With a goal to achieve worthwhile shifts at pocket-friendly solutions, pre sale home renovations has been the way to go for most home sellers. As the phrase pre-sale suggests, home improvements are done before a property is sold.
Pre-sale home refurbishment
This is a lump sum of activities and services offered by companies that transform houses into the listings buyers like. Visual appeal has been the ticket to fast sales and still is. Pre-sale renovations involve:
Exterior renovations dealing with landscaping, roofs fixing structural damages and any other exterior properties.
Cosmetic renovations concerned with the floor and walls, to remove any stains and make the space more appealing to the eye. Deep thorough cleaning of the house to get rid of any staining or discoloration.
Remodeling refurbishments in the three primary areas, that is the bathrooms and kitchens.
Maintenance and upgrades like servicing the available appliances, especially in rooms such as the kitchen to ensure proper functionality and purchasing and installing appliances that are a must have in a modern day home.
With pre-sale refurbishments, the owner gets to pay the service company after the closing of the house sale. Unless the owner and the service company agree upon an earlier payment. The value of the house is increased, the seller gets to maximize on the profits and every party wins.
Benefits of pre sale home renovations, timely and well carried out renovations. Integrates a variety of professionals in order to achieve wanted results. No upfront costs or risks.
Cons of foregoing a presale renovation
The probability of having a deal breaking presale inspection is greater.
Lower market and sales price.
Lower bargaining power that makes the house stay longer on the market.
Presale refurbishments prep a property for the market, equipping the seller with the upper hand there.
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