It Doesn’t Always Make Sense to Renovate
Here’s my advice for home sellers who think they need to upgrade before selling.
People will tell me all the time that the only thing holding them back from selling their home is their perceived need to make renovations. Whenever I hear this, I want to say, “Wait! Wait!”
The truth is that in this market, you don’t really need to make those expensive renovations. It’s such a competitive market that we’re seeing very few sellers make renovations. They realize that they’ll make more money by not doing so.
Even the home renovations with the highest average returns won’t get you 100% of the money back that you put in. If you're going to live in the house for a few years still, some of these renovations might make sense. Most of the time, however, they do not.
What typically makes the most sense to fix is deferred maintenance items. Those are things that are going to come up on an inspection report anyways. We’d be happy to send you a list of areas you should focus on.
Each situation is different. If you have any questions or want some more guidance on your specific situation, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.