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Selling Your Home: Renovating for resale
When it comes to home renovations, one plus one does not necessarily equal two. The money invested in improving your home will not always translate into an equivalent return in the selling price of your home. However, with planning it is possible to both increase the salability of your home and even profit from your home renovations.Renovations do not have to be extensive or expensive to earn a high rate of return. In fact, one of the cheapest and simplest improvements yields one of the highest paybacks.
Signing a listing agreement
- Plan of Survey or Location Certificate
- Property Tax Receipts
- Mortgage Verification
- Deed or Title Search
- Other Documentation
The major elements of an offer- Price
- Deposit
- Terms
- Conditions
- Inclusions and Exclusions
- Closing or Possession Date
Renovating for resale- 1999 Renovations and Home Value Survey
- Major findings
- Another study
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