If you are planning on listing your home for sale, you need to get it in the best shape possible to attract potential buyers and get the best possible price. The home will also have to pass a building inspection. Many realtors will indicate potential problems with selling the home, including repairs that need to be done, items that need to be replaced or renovations that should be undertaken. Most homes on the market now are sold move-in ready, so homes that are run down or that need obvious maintenance are usually overlooked.
For the buyer willing to take a fixer-upper, there is the potential for a great bargain when negotiating for the home. By doing renovations and repairs after purchasing the home, the buyer can greatly increase the value and the livability of the home.
It definitely pays to have an experienced renovator on your side when you are buying or selling an older home that requires upgrades and renovations. Some of the things to look for are any obvious signs of water, mold or cracks in the foundation. Windows and doors must be inspected, any broken or cracked glass replaced and caulking re-sealed. The electrical, central heating and air conditioning systems will also be examined. The exterior should have curb appeal, be clean of clutter and debris and not appear in need of repairs.
Kitchens and bathrooms are the rooms that are most used so renovations pay big returns – whether you are selling a home or have just bought one that needs work. Older homes often need walls taken down to make rooms larger and more airy. Home additions, basement finishing and attic conversions can all add needed space to homes as well.
Jim Carcone, of Carcone Construction has over 25 years experience in home renovations in Mississauga, Oakville, Burlington and the GTA. He can suggest repairs and renovations for the home you are thinking of buying or selling, so you can get an accurate estimate of costs and potential for the home. Call him for all your home renovation and restoration needs at (416) 953-5185