How to plan for a major home renovation

In the real estate industry, there are trends, fads and fashions that can take hold, shaping how and why homeowners make important decisions about their properties. In few places is this more relevant than when remodeling, as a wrong turn - or the right move - can be the difference in the sale of the house.

In the real estate industry, there are trends, fads and fashions that can take hold, shaping how and why homeowners make important decisions about their properties. In few places is this more relevant than when remodeling, as a wrong turn - or the right move - can be the difference in the sale of the house.

For the real estate agents helping these owners sell, sitting back and watching them slip up when renovating isn't the best idea. Instead, professionals can step in and offer some useful advice on home improvements, so when potential buyers do come through the doors they are looking at a quality, finished property. 

In order to ensure that all major improvements are handled correctly, here are a few tips and tricks that real estate agents can offer their clients during this process:

Plan ahead to avoid mistakes
Jumping into a large remodeling project can have disastrous consequences. In fact, a lack of planning is one of the biggest reasons why homeowners run into problems when renovating their properties. So, all real estate agents should make sure that the due diligence has been completed well in advance.

According to HouseLogic, the planning phase will often take longer than the actual construction of the new space. Take the kitchen, for example. This is one of the most trafficked areas of a home, and pulling off a successful remodel here can drastically boost the sale price. Solid planning can minimize mistakes, ensure that the owners are happy with the finished product and keep everything on a tight budget. 

During the planning phase, homeowners should first look over their existing space, the news source noted. It is at this time that the limits of the room are addressed, such as the size of the doors, where the windows are and what can actually be done during the remodeling process. It can also help to plan ahead for potential road bumps, so any little mistake or problem won't cripple the entire project. 

Advising clients is an important part of a real estate agent's job. With CRS Data, it is an easier proposition, as mortgage records, warranty deeds and much more are available right online. Learn more about the CRS Data Real Estate Suite to get ahead in the industry.

Keep improvements in line with the home
The home improvement process can be exciting for many people, and as a result, it can inspire some more creative choices. While branching out and having fun is admirable, homeowners who are remodeling to improve the final selling price need to be cautious about where and how they invest.

According to Houzz, each home has its limit to renovations. For example, a classic home may not be suited for a modern kitchen, or vice versa. While there is no absolute to this rule, it is vital that homeowners think about the qualities of their existing property before making key changes. This question can be answered during the research and planning phase as well. At this time, all options must be looked at and analyzed to figure which ones provide the best return on investment - and don't limit the number of potential buyers.

Furthermore, the final decision should be based off of a design, Houzz explained. The project can't be moving forward without some guidelines, or else it could end wildly off track. When ready to get started, homeowners should have a floor plan drafted that covers all the important elements. This will not only keep things moving in the right direction, but it will ensure that the final result is as perfect as possible.



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