Presale Home Renovation Companies and Their Benefits

Presale home renovation companies can be a game-changer for homeowners looking to sell their property quickly and for a good price.

These companies specialize in renovating homes to appeal to a wider range of buyers, often resulting in a faster sale and higher profit.

By hiring a presale home renovation company, homeowners can avoid the hassle and expense of making multiple repairs and renovations themselves.

According to industry experts, a well-done presale renovation can increase a home's value by up to 20% and sell it 30% faster.

For more insights, see: Top Home Renovation Companies

Curbio and Renovation Sells are two companies that offer pre-sale home renovation services to help sellers get the best price for their homes.

Curbio leverages national buying power and technology to streamline the process and lower costs, while Renovation Sells uses a local team of designers, project managers, and subcontractors to quickly design, budget, and complete renovations.

Most of Renovation Sells' projects are completed within 14 days, making it a convenient option for sellers who need to get their homes ready for the market quickly.

Renovation Sells and Curbio collect payment at closing, using the equity in your home as collateral, so sellers don't have to come out of pocket before their home is sold.

Properties with deferred maintenance or outdated finishes are seeing fewer and lower offers, as well as longer market times, making renovations a crucial step in getting the best price for a home.

Freemodel, a pre-sale home renovation startup, has achieved 500% revenue growth year over year since its debut and has helped real estate agents earn their clients over $33M in additional profit.

Freemodel uses local, in-person design and project management to deliver high-quality, custom renovations, making it a superior option compared to other pre-sale home renovation services.

Freemodel plans to expand its service to additional states, starting with Texas and Florida in Q1 2023, using the funds from its Series A funding round.

A fresh viewpoint: Do Home Renovation Shows Pay for the Renovations

Not every seller is a fit for a presale home renovation company, and that's okay. Some homeowners may not have the budget or desire for renovations.

Presale home renovation companies often require sellers to have a minimum equity in their home to justify the investment. For example, a company may require sellers to have at least 20% equity in their home.

Related reading: Home Equity Loan for Home Renovation

Some sellers may not benefit from presale renovations if their homes are relatively new or well-maintained. Properties that are only 8 or 10 years old may not need significant updates to appeal to buyers.

Renovations can be costly, and sellers who don't have a lot of equity in their home may not be able to afford the upfront costs. Sellers who are on a tight budget may be better off exploring other options.

Curbio and Renovation Sells offer financing options that allow sellers to collect payment at closing, but this may not be suitable for every seller. Sellers who are not comfortable with financing or have complex financial situations may want to explore other options.

Ultimately, sellers need to weigh the potential benefits of presale renovations against the costs and potential risks. It's essential to consider factors like the age and condition of the property, the local market, and the seller's financial situation.

Consider reading: Home Renovation Costs Toronto

If you're not ready to put in the time and money for presale renovations, there are alternatives to consider.

You can sell your home as-is, which means you won't make any repairs or upgrades before listing it for sale. Many buyers are willing to take on the renovation project themselves, which can be a win-win for both parties.

Some buyers are looking for fixer-uppers, and they're willing to pay a lower price for a property that needs work. In fact, a buyer might offer 10-20% less for a home that needs renovations.

You can also consider selling to an investor or a house flipper, who can take on the renovation project and sell the property for a profit. This can be a good option if you're in a hurry to sell or if you're not interested in dealing with the renovation process.

Selling to an investor or house flipper can also be a good option if you're not sure what repairs are needed or if you're not comfortable with the renovation process.

Discover more: Home Renovation Plan