Which Is Better: Renovating Before You List or Selling As-Is?
Sellers often ask me whether it’s better to renovate their home before they list or put it on the market as-is. Today we’ll take a deeper look at this question.
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A lot of people ask me, “Should I remodel my home before listing or sell it as-is?”
When I receive this question, the first step I like to take is to sit down with the sellers and discuss their individual circumstances. I like to go over what it would cost to make necessary renovations versus what the seller could earn for their home if they sell it in its current state. The decision of whether to renovate before selling or not will depend on a seller’s specific situation.
Finding out what the seller can afford in the purchase of their next home can also help me guide them through this decision, as the money they earn for the sale of their current property may play a major role in the kind of home they will be able to move to.
Our office has a team that is solely dedicated to home flipping, so we have a lot of experience with these projects and what they cost. I will be able to give you a good idea of not only what renovations will cost, but also what kind of return they will bring you.
“The decision of whether to renovate before selling or not will depend on a seller’s specific situation.”
On that note, you shouldn’t always go with the lowest-priced options if you do decide to take on a renovation project. The old saying is true. You really do get what you pay for.
Before hiring contractors, you’ve got to do your due diligence. Also, be wary of contractors who ask for full payments upfront. Unfortunately, sometimes contractors who have already been paid in full may walk away from a job before it’s finished. Holding some of the payment until you’ve approved a contractor’s final work is something I highly advise.
We would be happy to connect you with a number of legitimate, quality professionals who you can be sure will do the job right. These people are legitimate, quality professionals who you can be sure will do the job right.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.