5 Tips for Upgrading Your Home Before Listing in Chicago

To sell your home successfully, it needs to be in tip-top shape. Today we have five tips to help you update your home for a top dollar sale and a high return on your investment.

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When it comes to selling a home, it really has to be in tip-top shape. Sometimes that means freshening the home up, making some minor updates, or even renovations. If you plan to renovate your Chicago home to help you earn more from your sale, we have three compelling reasons to do so now:

1. Renovations always take longer than expected. Even minor renovations to your kitchen or bathroom might seem like they'd only take two weeks, but you want to plan ahead because it will take longer than you think.
2. You might come across issues you weren't aware of. If you're making updates and your contractor discovers an issue, it needs to be addressed. 
Wouldn't it be nice to enjoy your renovations before you move?
3. You get to enjoy the updates before you hand over they keys to the buyer. 
4. Many updates are inevitable. If you have an old roof, it needs to be updated anyway, for example. You might as well make the renovations now!
5. You will get a better return on your investment if you effectively plan ahead. 

If you're not sure which renovations are right for your home or will bring you the biggest return on your investment when it comes time to sell your house, we have a great cost vs. value resource you can use.

If you have any questions, don't hesitate to give us a call or send us an email. We'd be glad to help you!

Should You Sell Your Home or Rent It Out?

The rent vs. sell debate is a complicated one. It really comes down to where you’re at financially and where you want to be.

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We are excited to talk to you about today’s topic, which comes to us courtesy of our good friend, Ed Erickson. He wanted us to give some information on the benefits of selling and the benefits of renting, so those in the position to do either can make the decision that’s best for them and their family.

One reason someone may need to sell instead of rent is because they need the net proceeds from the sale to purchase a new home. Another reason is because they don’t want to be a landlord or have to deal with a property management company. Maybe they just have some really good equity in the property and want to cash out to take the money and invest it in something else.

They each have their own benefits.

However, renting out a house has its fair share of advantages. If you have negative equity, renting can help you build it back up. One of the great benefits of renting out a property is the many tax advantages. Depending on how your accountant handles things, renting out a property could help you out a lot. Finally, renting allows you to start a real estate portfolio while also providing a passive income stream. 

The stock market is always up or down, but the real estate market is a much safer bet. You can make a good deal of money investing in properties if you do it correctly. Thanks again to Ed for providing us with the topic. If you are in need of any business coaching needs, please give Ed a call at (773)-672-7418 or visit ericksoncoach.com. He will take great care of you.

If you have any questions for us about whether you should consider selling or renting your house, we would love to help you out. Just give us a call or send us an email. We look forward to hearing from you.