No. of Recommendations: 2
Do you think it’s easier to sell a renovated house at a higher price than an unrenovated house at a lower price?

I think it depends a lot on your market, your price point within your market and what renovations need to be done. Also, if you are doing the work yourself vs. paying a contractor to do the work, it will make a difference on whether the renovations will make it more profitable for you. I would suggest talking to a good real estate agent in your area.

If you do decide to renovate, be sure you get any permits needed.

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 would be surprised if you could get all the floors replaced, a new kitchen and a new bathroom done for $30k (unless you're just talking materials, because you're doing the work yourself). Even if you did, the question is - will you really be able to sell it for $30k more? You need to look at the comparables in your complex, and see if the updated ones really sell for $30k more than the non-updated ones.


AJ
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