To Renovate or Not to Renovate? What to Do Before Selling Your Home

To Renovate or Not to Renovate? What to Do Before Selling Your Home

As a general contractor, we have noticed a growing number of people that are choosing to have a home renovation in Newmarket done for the purpose of resale. Many have debated whether this is a good idea or not, let’s delve into it further.

Is renovation a good option?

There is no clear-cut answer to this question. Choosing whether to renovate or not to will depend on many factors that are unique to every homeowner. Some even say that renovation is a science and an art. From our perspective, we believe that different homes have different needs.

Different homes, different needs

The choice of a home renovation in Newmarket and the cost as well will depend on whether you live in an apartment or a house. Here’s why:


1. Apartment

With an apartment, you’ll likely have another entity that is in control of the maintenance and upkeep of the building. The entity might be a co-op or a condo board. The board would normally be responsible for the exterior and the building systems like the electricity, sewage, and water. You’re likely going to have to focus on cosmetic improvements instead.

2. House

The whole matter changes when you’re dealing with a house. As a homeowner, you’re fully responsible for the building and the property. This aspect would mean that you need to focus on the aesthetics as well as the major repairs of the house.

As part of your home renovation in Newmarket, you need to make sure that all systems work well and are in good order. As experienced general contractors, here’s what we think you should consider before doing a renovation.


What to consider before doing a renovation

The main point of renovating before selling is to maximize your return on investment. With that in mind, here are a few variables to consider:

Your Target Audience

With this aspect, we’re looking at who is likely to buy the property. Some people prefer they do renovations themselves while others would like a home with all the renovations done for them. Your local realtor can help you assess who the ideal customer for your house will be.

The Condition of Your House

Some houses are too old to renovate. You might find that the house hasn’t been changed since the 60s. With this in mind, we’d advise you don’t renovate your house.

This is because the house might need a major overhaul to appeal to certain buyers. On top of that, it might unearth even more issues making what might have been a simple home renovation in Newmarket into an expensive affair.

High ROI rooms 

The High ROI rooms are rooms that facilitate a sale. Without a doubt, the kitchen, bathroom and high traffic areas like hallways fall into this category; these rooms are where you should spend most of your renovation budget.

In the kitchen, you can decide to update the faucets and appliances. In the bathroom, a simple faucet and lighting change can do the trick (of course this depends on how old your bathroom is).

Some of the few things you could do for your hallway or living room is to update the lighting and change the flooring and have a new paint job done.