Why You Should Talk With Your Agent Before Renovating

Putting work into a home you're about to sell may seem counterintuitive, but in some cases, it can land you a higher sale price. However, in other cases, major upgrades can be a sunk cost. So how do you know if a certain renovation is worth your time?

The truth is it can be difficult to know whether renovations will lead to a higher sale price, but this is where your real estate agent's expertise can be a big help. If you're planning to sell soon, here are a few reasons why it's essential to consult with your agent before making any major upgrades or renovations:

• Your Agent Can Help You Avoid Costly Pitfalls
  The truth is most renovations don't result in a return. However, there are definitely a few exceptions. For example, you stand a good chance to generate a profit or at least break even on new kitchen appliances or an additional bathroom. However, you might be rolling the dice with other upgrades, such as a new roof — especially if your home can get by without it.
  
  Before beginning any upgrades, speak with an experienced real estate agent. They will be able to tell you where to focus your time and energy and give insight into what types of upgrades will help you boost your listing price.
  
  
• Your Home Might Not Need Any Upgrades
  After taking a look at the property, a real estate agent might think your home is ready to sell as-is. Your agent is a wealth of information when it comes to what buyers look for, and this can help you avoid investing in unnecessary upgrades that won't generate a higher return. If you're selling in a low-inventory market, you might not have to stress about the small stuff in order to attract buyers.
  
  
• Your Agent Has Connections
  If you're planning to renovate, finding good contractors at a good price can be a challenge, but remember, your real estate agent is likely well connected in the community. Most agents have a wide network of connections to local service providers. If you're in need of a plumber, carpenter, roofer, or electrician, ask your real estate agent ahead of time.
  
  
• Your Agent Can Show You Examples
  Nobody knows the market quite like your real estate agent, so they can easily show you other examples of renovations made by local sellers. You can also see how those renovations influenced the sale price. This not only gives you a blueprint to follow when making your own upgrades but makes it easier to estimate your potential return.

While many sellers believe the right time to start working with an agent is when you're ready to list your home, the truth is you can start working with an agent any time. Consulting with one before beginning major upgrades can save you a lot in the long run.

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