Renovating Your Mountain Rental Cabin
Make only renovations that count.
Experts agree that the right renovations,
especially bathrooms and kitchens affect the marketability and the rentabilty
of your cabin. Bathrooms have become a popular remodeling choice, and
for
good
reason,
they have the highest rate of return of any home addition or home
remodel. Real estate agents agree that a gleaming kitchen with state
of the
art appliances, cork or hardwood flooring, stone countertops and
lots of cupboard space can sell a house the instant a prospective buyer
sees it. Conversely, a cramped, ill lit kitchen with outdated linoleum
and harvest gold appliances might actually scare buyers or renters
away. Now you may not want to go to that expense if this is a little
mountain cabin get away that you only plan to use yourself a few times
a year. But you have other options
Improve what you can't renovate.
If you can't afford to renovate,
update and refresh key rooms instead. Replacing an old countertop,
repainting cupboards and walls, installing new door pulls and
lighting make big improvements to your kitchen for a very modest price.
Similar touches increase appeal of older bathrooms, too. Fresh paint
throughout
your home is another low cost, high return project. It makes
everything look cleaner and brighter. Decorate with rustic
lighting or rustic
furniture this will add a mountain cabin charm that will make your
rental special.When you are ready to sell, buyers
love a cabin they won't have
to redecorate immediately. And renters who find that perfect
cabin to rent will return year after year. Maintain where you can.
Depending on the age of your cabin you can expect to spend between
one and three percent of it's value every year on maintenance and repair.
Your maintenance budget should increase as your cabin ages, so remember
to include funds to replace major items as required. Foundations and
roofs are things that are difficult to inspect, but the long run minor
repairs can save about ten times the cost of work necessary to replace
or rebuild.
Don't over improve:
Before you commit to any big project, ask, "Is this improvement out
of character for my neighborhood or area ?" If the answer is Yes, you
may be consigning your house to an oddity status. If your cabin is improved
beyond the scope of all the surrounding area. Then it is likely your
cabin's value won't be realized when it comes time to sell.
Do your home value homework before you remodel. You want to attract
good seasonal renters plus have the comforts you prefer when using your
cabin.
But you don't want to go overboard unless you intend to hold onto it
for years to come. Be certain your choices will help you sell that cabin
when the time comes.
Buyer's Agent a better choice!
The Listing Agent, unless specifically disclosed
otherwise, represents the seller in any transaction for the sale of
a home. It is that
Agent's fiduciary duty to protect the
seller's position at all times. No matter what they tell you their
loyalty will lie with their selling clients. That is why you want an
agent with experience like Gary
Ward to represent YOUR interest as a buyers agent when buying
a home.
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