Did you know it can be a costly mistake to pay for expensive home improvements before putting your house on the market? Only if your condo or home has a deficiency that could prevent it from being sold should you go through the major improvement route. Here are some reasons to support this theory:
1. The buyer may not want or like your improvements such as a swimming pool or an extra bedroom. Many people will convert their garage into an extra room.
2. The buyer may need the lower end price range or you might be pricing your home out of the neighborhoods price range.
3. Your improvement may cost more than you will get out of the home. It is always less expensive to put in the improvement while the home is being built. To build an addition for example is more costly due to tearing down walls, hauling away debris, and protecting the rest of the house during the construction. These are all added expenses.
If you do decide to add an improvement to your Ocean City condo or home to boost sales please check with your real estate agent. You do not want the expense to be more than what the home is worth. Pricing your home out of the neighborhoods price range will make selling your home very difficult and frustrating for you. Your agent can tell you what will increase the value of your home and what will make the best improvement so that it will sell quickly.
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