Renovations are a great way to make your home feel more liveable, but they’re also much more than that. As a homeowner, any changes you make to your property will have a domino effect on your personal equity and ability to sell the home down the line. So before you proceed, it’s a good idea to check in with your real estate agent.
By working with a real estate agent, you can ensure that your renovation project is a success and that you’re making the most of your investment. They can help you choose renovations that will increase your home’s value, connect you with trustworthy contractors, advise you on local bylaws, and a lot more.
Need renovation inspo? Check out my list of home improvement projects that bring in great ROI.
Your Home Is More Than Just Where You Live
Yes, your home is the central hub of your everyday life, but it’s also a major financial asset. When you first bought it, you probably spent some time considering how your home purchase would play out as a long-term investment. However, you shouldn’t stop thinking about your home’s market value after you’ve moved in.
While there are plenty of home renovation projects that can be enjoyable and functional, not all of them will add significant value to your property. An experienced real estate agent can provide you with insight into what renovations are most popular in your area, will give you the most bang for your buck, and which improvements will help you stand out from the competition when it’s time to sell your home.
Looking for more helpful blogs about homeownership? Check out these other posts from my site.
- 7 Tips For First-Time Homeowners
- 10 Ways to Reduce Your Home’s Monthly Carrying Costs
- Real Estate Vows to Make Before You Get Married
Building Your Budget
Renovating your home can be an expensive endeavour, and it’s easy to get carried away with all the possibilities. However, it’s essential to set a realistic budget and stick to it to avoid getting in over your head financially. As experts in all things housing, a real estate agent can help you set a budget that takes into account the costs of the renovation as well as any potential return on investment. They can also help you prioritize your renovations so that you focus on the projects that will give you the most value for your money.
Connections to Contractors
One of the most important choices that come with renovating your home is deciding who to hire. Not all contractors will have the same experience, skill, and reputation. With the substantial costs that can come with upgrade projects, the last thing you want is to get stuck with someone shady, unprofessional, or underequipped to get the job done.
That said, by working with a real estate agent, you can reduce the odds of finding yourself in a less-than-ideal situation. An established and well-connected agent will have a network of trusted contractors that you can take advantage of. After getting a sense of your ideas and goals, they can point you in the right direction toward a trustworthy, high-quality contractor who will make a good fit.
Want to make the most of your future home sale? Read these blog posts for helpful tips.
- 3 Mistakes That Can Negatively Impact Your Selling Price
- Tips For Organizing a Family Move
- How Soon Can You Sell a Home After Buying It?
Navigating the Red Tape
Unfortunately, most major home upgrades can’t just start at the drop of a hat. Regardless of where you live, there’s a good possibility that your renovations will need to follow a handful of local laws and restrictions. On top of that, there will also be important regulatory steps to navigate, like obtaining permits and inspections. While a hassle, these factors are a necessary part of renovation projects and avoiding them can land you in hot water.
Rather than trying to make sense of the rules on your own, working with your agent is the best way to get through the red tape. While it may seem overwhelming to you, many agents are well-experienced in deciphering and following local regulations. Their expertise can keep you on the right track throughout the process.
Looking to upgrade your home but don’t know where to start? I can help! Call or text me at 647-239-7587 or, send me an email at firstname.lastname@example.org.
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