Q. Does it make financial sense to re-model your home before selling?
The chart here says it all.....
About the only time it makes sense to do a re-model is right after you purchase a property, not right before you sell it .....
When a remodel is for your own personal use into the future, the return on investment is realized over your personal years of enjoyment.....
When a remodel is planned to help facilitate a sale, the money spent is rarely recouped.
Rather than spending money on a remodel, sellers are almost always financially better off lowering their list price and giving their buyer free reign on a project that makes sense to them after closing.....
With exceptions to the rule, of course! Carpet and paint ..... these two projects cannot be considered full-blown "remodels" ..... rather they should be categorized as necessary maintenance items.
No need to remodel,
instead: clean, de-clutter and stage.
Dedicated to Seller Profitability
Mike Krueger
cell: (970) 485-1518
email: mikek@realtor.com
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