Ignite FB Tracking PixelShould You Renovate Your Florida Home Before You Sell? - Rod Banks

Should You Renovate Your Florida Home Before You Sell?

by Rod Banks 09/10/2018

If you’re in the market to sell your Florida home soon, you may wonder if making a few improvements to your property will help increase its value and appeal. A perfect place to start is with your realtor. Real estate agents can provide you with excellent advice on what repairs will help your home sell.  


As Is Homes


The first consideration should be if you plan on selling your home “as is.” Generally speaking, most homes that are listed under this category need significant amounts of work. These properties would attract contractors and those who are looking to flip a house. The price of a home that’s being sold as is a bargain. That’s what makes these homes attractive. 


Fixer Uppers


Don’t mix up a home that’s “as is” with a fixer-upper. Buyers who are looking to make improvements to a home are looking at the cosmetic things. These buyers don’t mind painting, replacing sinks, or doing some serious landscaping. They want to make the property their own. A fixer-upper is not a property that needs a new roof, a new foundation, or many walls torn down. Major repairs aren’t a part of purchasing a fixer-upper.   


Fixer uppers can also give buyers a deal. They’re putting all the repair and replacements costs into consideration with their offers on these properties. This means as a seller, you’ll make a bit less, but your home could move faster off the market when you come in contact with the right buyer. The price of a fixer-upper home needs to make sense for buyers even to consider it. 


Look At Your Costs


If you’re selling your Florida home, making improvements to the property could make it more attractive and increase its value. The most significant thing you need to consider is whether or not you’ll get a substantial return on your investment. The repairs and improvements you do make should make sense. 


What’s Next


If you decide to make improvements to your Florida home before selling you, need to make a list and prioritize what’s best for you to do at your house. Make a list of everything that needs to be done in the home and see what’s in your budget and best interest to do. You can have a conversation with your realtor at this point to get ideas of what will bring your sale the most value.        


About the Author

Author
Rod Banks

REO and Real Estate Experience

Residential and Commercial Florida Real Estate. Strong emphasis on verifiable customer service. 15 years experience. New homes and many years REO experience actively listing and selling properties with the general public, investors and asset management companies. HUD Local Listing Broker through Ofori Reo, Fannie Mae Master Listing Agreements through Chrisley Asset Management and RMS Asset Management, as well as, listing and selling properties for RESNET, NPR Asset Management, Kondaur Capital Corporation, Standard Asset, Meridian Asset Services, ABREO, Bayview Loan Servicing, HomeBanc Mortgage, RMS Asset Management, Single Source, Nationwide Servicing, and Prospect Mortgage. Equator Platinum, Short Sale and REO certified, REO BOSS certified. 3,000+ BPOs completed. Licensed Mortgage Broker: NMLS #644769#644769.

Affiliations

NRBA, NAREB, GTAR, NAR, MFRMLS

Over 40 Years

Our family has been Real Estate professionals for over 40 years in the Tampa Bay area. Anchor Florida Realty has a complete understanding of REO and short sale transaction management.

Education

Mortgage Loan Originator #644769

General Lines Insurance License P093986

Certified Probate Real Estate Specialist

A.A. Business Administration – St. Pete College 1991 

B.S. Computer Science Engineering – USF 2000

Masters MMIS – NSU 2003