Should I spend Money before Sell my house??
The deciding factor should be the return on investment, or ROI. The cost of improving your house before selling needs to result in a sale price that is higher than what you put in, but this can be very tricky to gauge. A good real estate agent will be able to help you go through these different levels of investment, to determine what will be most effective in your particular situation. It helps to have an agent on your side who is well versed with your local competition and the state of the market in general. If you are going to spend money on your home, it’s vital to ensure that this money is going to be put to good use and result in a higher profit at the point of sale.
Renovation
means “restore to a good state of repair.” In other words, dilapidated buildings or poorly maintained houses are sometimes considered to be in a state of disrepair. To renovate a house or building means to resurrect that structure from a state of disrepair.
Renovations can often be subtle, improving on the existing building or house. Or, they can be drastic, much like a remodel. Remember construction involving renovation often refers to “restoring” or “repairing” an existing structure, replacing the old with the new.
Remodel
means “to change the structure or form of something.” If you’re looking to remodel your bathroom, you’re looking to change the appearance of it. If you’re looking to renovate your bathroom, you’re looking to repair or update it.
Remodels generally work to change the appearance, structure, or function of a room. In other words, a remodel works to improve upon or transform the existing design and layout of a room. Remodeling refers to “changing” or “transforming” a building or home.