Sell As-Is or Pay for Renovations?

It’s time to sell your house, a house that perhaps needs some updates. Do you sell as-is for a lower price? Or do you shell out cash for renovations on the hope you’ll recoup your investment? This eternal struggle has two sides. First, a renovated property might sell faster and for more money. However, on the flipside, not renovating means you get to keep extra pocket change and not live in a construction zone. Which to choose?

The verdict? More often that not: Sell!

There are lots of scenarios involved with a potential sale. Perhaps you’ve already purchased your new home. Maybe you’re on a deadline. Or, maybe you don’t want to part with your hard earned cash. Home renovation projects are notorious for going over budget and taking longer than expected. Furthermore, hiring a general contractor that will make sure they stick to the timeline generally costs more.

Consider the fact that tastes vary and trends change. Your choices for a home renovation might not jive with all buyers. Buyers are more likely to purchase a home that needs minor renovations if it means they get to choose fixtures, colors, and materials.

One last thing to take into account is the state of your market. If your home and land is in an in-demand location, your home may sell quickly regardless of the condition it is in.

The most important thing in all of this, though, is to work with a Realtor you know and trust. Any Realtor worth their salt will walk through your home with you and honestly recommend updates and changes. They’ll be frank and honest with you regarding the return on your investment and whether renovations will be worth your time and money.

If you’re considering selling in this hot Charlotte seller’s market, contact us today!