Selling Real Estate

Is Renovating Sensible When Selling If Your House Is Well Maintained?

By April 19, 2022 No Comments

A surprisingly common question I get asked by homesellers is whether they should renovate BEFORE selling, especially if their home is already well maintained and not dated and tired looking.

The main reasoning behind this question is the idea that renovating will improve the final sale price of the home, which will bring in more money once sold.

However, a LOT of the time, this is a false economy so I often don’t recommend doing it.

Of course, if you think your home might be the exception to the rule, feel free to contact me to take a look at your home and see what – if anything – you might consider improving before going onto the market.

Once you’ve watched the video, let me know your thoughts in the comments below.

Note: The video was filmed in portrait mode rather than landscape, which is why it is narrow rather than wide. For the best viewing experience, I recommend you click the Full Screen mode button.

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Transcript:

Most of the time, no!

When you weigh up what the market conditions are currently and I mean, this, this all depends on on what happens in 12 months, two years.

Advice can change as markets change, but at the moment, and realistically, well-maintained good condition, combined with well presented will always sell well, and will always be recognized by buyers as a property that will be on their must see list.

If they can’t break down anything that’s broken that they have the opportunity to update and bring it up to more trend, if that’s what they want to do, then they’ve got a blank canvas.

But in the meantime, there’s not a cent they have to spend because it’s well maintained.

So it’s a win-win.

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