OP:
To answer your questions....
All updates will ad value and in all likelihood, lead to a quicker sale.
I believe the question that would be helpful to know the answer to is...
Do you want your home to sell quickly and aren't as concerned on the returns on your investment?
or
Do you want the best bang for your buck and to sell the home for the best return on your investment?
Most sellers would say "Yes please" to both questions, but the reality is you probably can't have both...
Statistically, renovations always lose money. The best returns I've seen written about in a broad sense typically quote an 80% return or so on a kitchen renovation; so spend $100 on a renovation, get $80 back. All other renovations in general go down from there in terms of returns.
To me, what happens in general goes out the window if a home is at the extreme end of needing renovations. From what I read, your home doesn't seem to be at the extreme.
So it comes down to the two questions above. To sell your home quickly and lose money on the renovations (again, generally speaking) do all the repairs/renovations and price your home fairly. To get the best bang for your buck, do as little as possible (paint and maybe carpet) and price lower.
My two cents.
Best of luck.
![:sharebeer]( "celebrate")
To answer your questions....
All updates will ad value and in all likelihood, lead to a quicker sale.
I believe the question that would be helpful to know the answer to is...
Do you want your home to sell quickly and aren't as concerned on the returns on your investment?
or
Do you want the best bang for your buck and to sell the home for the best return on your investment?
Most sellers would say "Yes please" to both questions, but the reality is you probably can't have both...
Statistically, renovations always lose money. The best returns I've seen written about in a broad sense typically quote an 80% return or so on a kitchen renovation; so spend $100 on a renovation, get $80 back. All other renovations in general go down from there in terms of returns.
To me, what happens in general goes out the window if a home is at the extreme end of needing renovations. From what I read, your home doesn't seem to be at the extreme.
So it comes down to the two questions above. To sell your home quickly and lose money on the renovations (again, generally speaking) do all the repairs/renovations and price your home fairly. To get the best bang for your buck, do as little as possible (paint and maybe carpet) and price lower.
My two cents.
Best of luck.
Statistics: Posted by thedaybeforetoday — Thu Nov 28, 2024 4:42 am