Real estate is not property rights. All of the theorizing about how property rights work that actually matters in real estate was done in the 1200s. You can find it all written down on the Magna Carta. There has not been innovation in that realm of thinking for centuries.
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If you’re a homeowner or want to become one soon, you should know that the process of buying or selling a home has changed in the past couple of decades. Things like home improvement loans, mortgages, and realtors are still relevant. However, there are relatively new home buying and selling options as well.
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Before listing your home for sale on the market, you may be tempted to remodel to fetch the best price possible. But not all home renovations offer the same return on investment. Some renovations may increase the value of your home – and how quickly it sells – while you may lose money on others. Before hiring a contractor, here are some factors to consider if you’re pondering whether to renovate before selling your home.
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Every housing payment, every unexpected plumbing leak, and every time you had to mow instead of hitting the lake has turned you into a seasoned homeowner. You’re not sporting rose-colored glasses anymore.
But selling your house? Now that’s something different!
In the same way that buyers can have regrets (44% of homeowners experience them), sellers too can think “what if?” What if I’d priced higher? What if I’d waited longer to sell? What if I’d spent money on staging?
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Between the paperwork and the house hunting – on top of your “day job” – buying a home can be a stressful time. Add to this the concern that you’re not buying something with any hidden problems.
And while a home inspector can’t help you with the financial paperwork, they can give you peace of mind that your huge financial investment won’t cost you even more than you’d bargained for.
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