Are Pre-Listing Renovations Worth the Investment?

So then why would anyone list their property as-is when most of the buyers they attract will undervalue their home? Well, some people really don’t have the money, time, and energy to spare. They may be in a pinch and want to sell their home quickly and easily as possible. Whatever their reasons may be, the reality is that they lost out on thousands of dollars at closing. Exactly how much money depends on the type of renovations made by the homeowner and how desirable those renovations are to buyers in the area. It’s important to note that you don’t want to go overboard with pre-listing renovations. While adding a gilded spa bath may seem like a great idea to you, investing a fourth of your home’s value into one room will likely end up cutting into your returns.

In order to determine the extent of pre-listing renovations your home could stand to benefit from, we recommend working with an experienced agent who is familiar with your area and market. This will help you understand which renovations will produce a positive return on your investment, as a good realtor will know what buyers in the area are looking for. Even if you have a modest budget, affordable renovations still have the potential to produce significant returns.

Here at M&D Real Estate we have cultivated a team of industry experts ready to serve and work hard for you. Reach out to a local agent today to learn how much value you can add to your home with pre-listing renovations.