Recent research conducted by Revive Real Estate found the average pre-sale renovations result in a return of over 200% return on investment. Additionally, Revive found that renovated homes sell 72% faster than homes sold “as-is”. While the value of pre-sale renovations may vary dependent upon the individual home, sellers should strongly consider having renovations performed before the sale in order to net a higher sale price which will result in a net profit.
If your home is a bit out dated or something other than move-in ready, you should strongly consider performing pre-sale renovations. Verax Real Estate can assist in advising which renovations will net you the greatest profit, and coordinate financing to avoid significant up-front costs.