Monday, March 21, 2016
By Jed Williams
Renovate Before You Sell

Before selling your home, the thought of renovating it first seems a little daunting. After all, you’ve lived with it the way it is for so long, that you know new buyers can make it work. You don’t even know where to begin with finding contractors, getting quotes, and supervising the work. It seems like a lot of trouble just to get your home ready for the market. You’ll be tempted to just throw a coat of paint on the walls and call it good. Did you know that the average kitchen renovation has an average 72.1% return on investment? That may not seem like a whole lot, but when you consider that your kitchen in its current state might turn away hundreds of potential buyers, that return goes way up.

So how do you know when a renovation is worth your time and investment? Listen to your Hagan agent. Depending on your home’s current value, what comparable homes are selling for, how much money it will cost and how much time you have to do the projects, your agent can steer you in the right direction. In your time living in your current home, maybe you fully upgraded the bathrooms, but left the kitchen largely untouched. Your agent can let you know if a kitchen remodel is worth your time and money. In your home’s price range, it’s possible that home buyers will be looking for something to “make their own.” It’s also possible that upgrading your kitchen will mean pricing your home out of your target buyer’s budget. We want you to get the most for you money and to get the most money out of your home. We analyze the current market to help you make the right decisions. Sometimes a renovation will be as simple as applying a fresh coat of paint. Sometimes it’ll mean finishing your basement to be a legal rental space. We know those are tough decisions, and we’ll be there to help you figure out what is best for your unique situation.

Once you and your agent have discussed your options, you might need to find the right people to execute the renovation. If you’re handy and have the time, doing it yourself is a great option. But we know DC Metro Area residents’ lives are crazy busy. Oftentimes paying someone to get it done right, quickly, and with as little disruption to your life is well worth the money. For as many years as we’ve been in business, we’ve been helping our clients find reputable contractors to work on their homes. We’ve helped oversee everything from a new kitchen installation to adding on square footage. If you choose to do it yourself, we can guide you through the permit process as well.

Our job is to make your life easier and to offer our expertise to help you make the right decisions for your unique situation. Not every home is exactly alike and the market changes frequently. What was a good renovation to hold off on last year could be a necessary upgrade this year. Knowing what buyers are looking for can help you make the right decision. We can offer those insights and much more help along the way.

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Jed WilliamsJed Williams
Principle Broker and founder of Hagan Realty