Skip to main content
No. of Recommendations: 0

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,
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.