In today’s real estate market, resale value is a serious thing to consider when someone set their eyes upon a specific property. But, budget always keeps you in edge as it takes a lot of money for any major renovations. The situation is often like this: the home owner exhausts entire budget behind a room, rather than investing it in the whole house, as required. This sort of negligence could make you pay when it comes to reselling a property. A potential buyer will put his or her offer on table on the basis of complete evaluation of your home. If there is only a renovated room in a house and the rest are in a rustic state, it will show off your house’s lacking even more. So, a renovation decision must be taken wisely, and the budget should be allocated properly. Unless there is a balance, the renovation efforts will only cost you money and fade away the chance of a resale.
It is never advisable to go for a short-term cosmetic renovation and putting crucial structural faults like electrical and plumbing aside. It is like putting on beautiful clothing, when there is disease in the body. What could be worse than a roof failure or water damage after you spent a fortune behind renovating the house in a way that beautified its outer appearance, only? At first make sure that all the structural or foundational issues have been dealt with and then, proceed with whatever else you want to do, if there is more cash left.
Many people tend to install granite counter tops on old cabinets that could be subject to many other issues that would drive off the apparent advantages you have been willing to get from the latest renovation work. And a potential buyer will earlier or later find out that you are in a business that emphasizes more on putting expensive ‘lipsticks on a pig’. Bathrooms are, as before, the most sensitive part of a home, and if required, you need to redo it by inches by inches.
Are you tensed about a limited budget? Don’t worry. There is always a way out. All you need to do is think smartly. Instead of keeping your resources busy in renovating a room, you should consider mild renovation for the whole house. Modern baseboards, new paint, and light fixtures don’t take too much money. With these apparently light innovation works, you will see your house change into something new, with a touch of modernity.
Another way to get the most out of your spend is selecting something timeless. Instead of falling for own your choice, be a little bit tactical and look for something current. After all your choice ultimately doesn’t matter, since you are planning to resell it soon.
Now the most crucial part – the kitchen – which will eat off your budget. Kitchen fixtures, layout, and design should be done carefully to ensure you are going to make the resale. If required, get some help – get advice from an interior designer.