Renovating your home can be a great way to increase its value. Sellers know that when it comes time to sell, considerations need to be made about home upgrades. Spending some time thinking through the types of improvements that will provide to most return is a worthy endeavor. So what costs are involved in home renovation? Yorkville IL real estate agent Lauralee McElroy has the scoop.
When estimating costs involved with a rehab, you’ll first need to decide if you intend to sell the home. If so, you will need to pay for more than just the work to be done. You’ll need to work with a lender and attorney at some point. The cost of hiring a real estate agent should also be expected. For help preparing your home to sell in Yorkville IL contact professional Yorkville real estate agent Lauralee McElroy. And, of course, you’ll need to pay your contractor for the work. After the job is finished, expect to hire an inspector as well.
The Work Itself
The amount of money that you will spend on the rehab itself will vary from property to property. Some of the typical costs involved are:
In order to get an accurate estimate, start by working out a detailed plan with the contractor. Identify which aspects of the house need work and what expenses will be involved. Think about time spent on the project and material that will be used. You can also talk through your plans with an inspector. Listen to their advice on what is actually needed in the rehab. As a professional Yorkville Realtor being connected to qualified professionals is important.
Renovating to Sell
If the goal is to sell the property after your renovation, there are a number of other expenses to anticipate. There’s a commission for your real estate agent. You may have costs related to things like staging as well. Various tests for things like lead or radon can be in order in some cases. There are also fees for any kind of property sale, like attorney fees for example. For more information on selling your home or for help with the market contact Yorkville IL real estate agent Lauralee McElroy.