The New York City real estate market has been fluctuating. When the COVID-19 pandemic hit the city hard, people fled for all the obvious reasons. Prices went down but now they’re going back up. Priorities have shifted and if you own your place in New York, it is a good opportunity to sell. Of course you want to get the most for your property. Investing a little money into it before you sell may just be the difference. With many small places in New York, sometimes it is the décor and money put into the furnishings that matters the most. Here are some tips to renovate your NYC apartment.
Use a Renovation Review Site
One tactic to take that will really help you get a handle on the renovation is to work with a renovation review site. For example, HomeAdvisor will help you determine who to hire by providing helpful reviews on contractors in your area. In such a dynamic real estate market, a renovation review site can offer insight and peace of mind to hire the people who will ask the appropriate costs to fix up your apartment and provide some information about the work they’ve done for others. It’s a great first step to try to make the most of fixing up and selling your apartment.
Focus on the Details
When it comes to renovating and selling an NYC apartment, you have to focus on the details. How much space do you have? This is an important thing to keep in mind. Utilizing your space is everything in a city like New York. Then you should put money into the little things. The counters, the flooring, the kitchen appliances, the bathroom faucets, everything that you can improve will not just change the perception of how your place is worth—it will actually make a difference to the bottom line. With little space, you need to pay attention to everything.
Work with Professionals
You might think it’s a smart idea to do the renovations yourself, and it does cut corners on the cost of home improvements, but it isn’t always ideal. The standard is high, especially in New York City. You want the work to be done by professionals who know what they’re doing. You want them to be able to renovate to your specifications. It’s worth the extra money in the quality, people can sniff out when there hasn’t been quality renovations done. Working with professional renovators is necessary, but it’s also pivotal to make sure that their prices are fair.
Get the Job Done Quickly
If you know what renovations you want to do and are going to make them no matter what, there is no use waiting. You should get the renovations done and see where it brings the property. This is especially true if the housing market continues to rise. In all likelihood, with the push towards living normal lives becoming inevitable, prices will go up. If you do your renovations now, you may have the chance to sell the place at the right moment because you are ready to go. This will help you get as much for the property as possible.
Get Ready to Be Annoyed
With so many people living, working, and caring for children in their NYC apartment, you will likely be around for many of these renovations. While you might be able to get out of the house or live somewhere else, the odds are that you will be living in the place you’re renovating. New York City is known for its tight living situations. This is another reason why you should do your best to get the renovations done as quickly as possible. There are many ways to minimize the annoyance, but it all depends on you and your situation.
People will always want to live in New York City, there is no doubt of this. Even though there was a slump during the COVID-19 pandemic, when people reasonably wanted to escape the situation, they will inevitably return and others will join them. If you are thinking about fixing up and selling an apartment you own on a piece of the rock, now might be the time to get started. You just may be able to make a lot of money on your Big Apple apartment. You won’t regret getting the most you can out of it.