Almost everyone knows it’s a good idea to renovate before selling your property. A little paint, new lighting, and posh flooring can go a long way in helping you increase your potential revenue. This increase in property value after a renovation is also known as Return on Investment (ROI).
Most homeowners are surprised to learn that the return on investment, meaning the profits in excess of renovation costs, can be significant. As reported by CNBC, remodeling results in an average ~64% ROI when selling a home! The following top 3 remodeling trends have been identified as the best way to boost ROI:
- 96% – Install Stone Veneer Panels
- 94.5% – Exchange Garage Doors
- 78% – Remodel Kitchens
Think about it: the first thing you notice about a property’s aesthetics is the exterior. Modern paneling and garage doors make a huge first impression when buyers come to see your home, and a significant area of your property’s exterior is dedicated to the garage. Installing a garage door, that emits security, strength, and style is a great way to showcase the value of your house to potential home buyers.
Accessing the funds you need to renovate before you sell can be tough, but thanks to WiiBid, is has never been easier! We are your financing partner and can help you access a healthy budget, in order to complete the projects you envisioned. An interim private mortgage will help you get your renovations done from start to finish. Renovating your house will help increase home value, so you can sell at a higher price, or leverage lower refinancing rates.
Need help accessing your home equity for pre-sale renovation? Our auction technology helps you get the best rates in less than 3 days: