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How to go about updating an older home

On Behalf of | Oct 1, 2019 | Residential Real Estate

Homeowners in Delaware may not be able to sell their houses for top dollar without renovating them first. This is because younger buyers aren’t likely going to want to spend money to do so themselves while also trying to pay down student loans and other debt. Those who have been in their homes for many years or decades can start by painting or putting in LED lights.

It may also be worth the money to purchase stainless steel appliances as they are appealing to those looking for their first homes. If a home only has one bathroom, adding another can make it easier to sell. However a person chooses to upgrade a home, it is important that he or she get a positive return on the money spent to do so. It may seem overwhelming to spend thousands of dollars to renovate a property before putting it on the market.

However, homeowners are advised to start planning for renovation expenses several years before they plan on doing so. It may be possible to use a home’s equity to pay for repairs or upgrades that it could need such as adding a new roof or putting up new siding. This may be a good idea whether or not an individual has the money to pay for them already saved up.

An attorney may be able to help an individual lawfully represent his or her home to a buyer. For example, he or she may able to help a seller determine if it is legal to advertise a bonus space as an extra bedroom or include square footage in the basement in a property listing. An attorney may also help a seller make disclosures to those who are interested in buying his or her residential property.