In the real estate industry, the best agents are the ones who can stay competitive. A thriving real estate agent can recognize when a home is undervalued, and can see things that other people cannot. Doing well in real estate and making a profit is all about the little gains, about paying attention to detail. That is why some of the most successful real estate agents are those who focus more on renovation than locating homes that are ready-to-sell.
The advantage that a renovated home has over a ready-to-sell home is that there is a lot more potential and opportunity for profit in a renovation project. This is because if you renovate properly, using cost-effective procedures and well-established professionals, you can get a lot of bang out of your buck.
The key to doing well with renovation-based selling strategies is to know which kind of renovation jobs pay out big, and which are bad returns on investment. What this means is that not all renovations have the same dollar payout for your investment. In fact, they can differ substantially depending on what the renovation is. Remodeling a bathroom, for instance, can cost about $3,000, but increase the value of the home considerably, amounting to getting about $1.71 for every dollar spent on the renovation. Conversely, a kitchen renovation job can cost upwards of $22,000 dollars, and only return about $.50 cents for every dollar that you spend. That is why it is important to know which areas of the house are worth investing your hard-earned money in.
Patricia Cavalier is a real estate agent who has had exceptional performances in sales over the years.
The advantage that a renovated home has over a ready-to-sell home is that there is a lot more potential and opportunity for profit in a renovation project. This is because if you renovate properly, using cost-effective procedures and well-established professionals, you can get a lot of bang out of your buck.
The key to doing well with renovation-based selling strategies is to know which kind of renovation jobs pay out big, and which are bad returns on investment. What this means is that not all renovations have the same dollar payout for your investment. In fact, they can differ substantially depending on what the renovation is. Remodeling a bathroom, for instance, can cost about $3,000, but increase the value of the home considerably, amounting to getting about $1.71 for every dollar spent on the renovation. Conversely, a kitchen renovation job can cost upwards of $22,000 dollars, and only return about $.50 cents for every dollar that you spend. That is why it is important to know which areas of the house are worth investing your hard-earned money in.
Patricia Cavalier is a real estate agent who has had exceptional performances in sales over the years.
