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URL:  https://boards.fool.com/question-renovate-34285494.aspx

Subject:  Question - renovate? Date:  8/31/2019  8:43 PM
Author:  JiminyBillyBob Number:  14259 of 14287

Hi,

Do you think it’s easier to sell a renovated house at a higher price than an unrenovated house at a lower price?

For example, I’m going to put my one bedroom condo up for sale and hope to get 300K. It’s old with carpet floors, old kitchen cabinets and countertops, and a bathroom with an old shower stall that dates back to the 70s.

Is it easier to sell the condo with 30k of renovations at a higher sale price of 330k, or leave as is for 300k?

I believe that it’s better to renovate since a buyer would probably not have the extra cash to renovate after putting a down payment on the condo and would prefer the larger mortgage with renovations. Does anyone have any strong opinions or experience one way or the other?

Thank you,
Carl
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