Renovating a condo in Boston Beacon Hill before you put it on the market can help you attract potential buyers and increase the value. However, renovating isn’t quite as quick and easy as some home improvement television shows make it out to be. Before you start your renovation, make sure to take these six important steps.
1. Learn All of Your Condo Board’s Policies
Beacon Hill Condo boards typically have rules about logistical things like when renovations can be done, what types of things you can alter, and how your contractors can take materials through the building. Make sure you’re all caught up on these rules before you start, because it may cause major problems later on if you break these policies.
Before you get your heart set on knocking out walls to create an open floor plan or getting rid of a weirdly placed pillar, talk to a professional. Boston Beacon Hill Condos tend to have some architectural quirks that may limit your renovation plans. Knowing about them beforehand may help you decide on feasible renovations.
3. Apply for Necessary Permits
Depending on what you need to renovate, you may need permits from either municipal departments or the condo association to make changes. Apply for Beacon Hill permits before you start to avoid legal hassles later on. Having everything up to code and properly permitted means you don’t have to worry about unapproved renovations causing sellers to back out.
Skip costly and unnecessary renovations like installing a wet bar in a living room. Potential buyers mostly just care about kitchens, bathrooms, flooring, and walls. Research shows that updating bathroom fixtures, installing hardwood floor or new carpet, renovating kitchen cabinets, painting walls neutral colors, and adding trendy door and cabinet hardware offers the biggest return on investment.
To get a wise return on your investment, the combined costs of the condo renovations and the price you paid for the condo shouldn’t equal more than the price…