Advantages of Remodeling Before Selling
There are many good reasons to remodel your home before selling it!
- Hardwood floors are attractive and therefore make staging easier.
- New flooring can boost offers from home buyers.
- Hardwood floors are a hot item that can help sell your home more quickly.
ROI of Hardwood Floors
- Hardwood floors can be expensive to install. For a typical home, installing new hardwood floors can cost around $4,400. However, the majority of home buyers are willing to pay more for homes with hardwood floors, which can make the expense worthwhile. The best ways to maximize the ROI for your hardwood flooring includes:
- Have the hardwood floors installed by a knowledgeable, experienced licensed contractor.
- Take good care of the hardwood floors after they’re installed. Use rugs and furniture pads to protect the floor from scratches.
- Install hardwood floors that look right with the rest of the interior decor.
Which Homes Need A Flooring Upgrade
- Your flooring is very dated. Carpet of a dated color or made from a dated style can be a turn off to home buyers.
- Your home’s current flooring is damaged in some way. Some home buyers are reluctant to buy a home that has obvious cosmetic defects. Others will buy a home with cosmetic defects, but will use the defects as a negotiating tool, which can result in a reduced profit at the time of sale.
- Your home has carpet and you have pets. Carpet can absorb pet hair and pet odors, which can make a home less desirable for anyone with allergies. Hardwood floor is far more hypoallergenic.
Other homes in your area have wood floors. It’s no secret that hardwood floors top the wish lists of buyers. When competing for buyers, it is important to at least match the desirable features of other comparable homes for sale.
Getting Started With Your Remodel
- Once you’ve decided to upgrade your home’s flooring, you’ll have decisions to make. Making smart choices at the time of the remodel can help you maximize your return on investment when it’s time to sell.
- Pick the right wood stain for your home. You’ll need to choose between a dark, medium or light colored stain in your home. Often dark stains work best in homes with a lot of natural light and light colored furniture. Light colored stains work well in homes with medium or dark colored walls, or in parts of the home with little natural light.
- Hire a licensed contractor to get the job done right. Hiring a qualified contractor to install your home’s hardwood floors will help ensure a good quality installation that will maximize your investment.
- Meet with many contractors to get the best bid. Meet with a variety of contractors to get bids from several different companies before picking the right contractor for your needs. Shopping around will help you minimize your expenses during the flooring installation, which will help you maximize your profits at the time of sale.
- Get started many months before you plan to sell your home. This will help ensure that you have enough time to get the flooring finished before it’s time to put your home on the market.
Consult With A Real Estate Agent
By: Preston Guyton
Preston Guyton is the managing partner of CRG Companies, Inc., a custom home design, construction and real estate firm with three locations along the Grand Strand. They offer eco-friendly homebuilding solutions, design services and agents to help with the home buying and selling process.