Renovate Your Home or Sell It As Is?

on Wednesday, 29 February 2012. Posted in General Interest

Vaughan real estate agent David Ursino video blogs about deciding on whether to renovate a home or sell it as is.

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Vaughan Real Estate agent David Ursino video blogs about deciding on whether to renovate a home or sell it as is.

  • Get a pre-inspection done to begin with.  Take care of any major concerns (i.e leaky basements, old roof, etc) with the home before aesthetic decisions
  • Consider costs of renovations and weigh them against the intended returns
  • Keep in mind that decisions on renovating must be balanced against current real estate market conditions.  It's impossible to forecast what the market will do in a few months (yes I've seen the forecasts too...I've often seen them go wrong as well)
  • Sometimes there's a bit of a risk involved, but the payoff may be very well worth it as long as the risk is well managed