Renovate Your Home or Sell It As Is?
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