The truth about selling “as-is” vs renovating

Should you Sell As-Is or make Renovations?

Choosing to sell your home "As-Is" instead of making renovations can be a smart strategy, but there are some simple updates can provide a major boost to your equity!

Once you know how much you want to net in the sale of your home and when you need to sell by, the next step is deciding what, if anything, needs to be done to prepare your home to list.

Watch the video below where I discuss selling as-is vs renovating:

Below I discuss some of the home updates that provide the best return-on-investment:

Selling "As-Is" Pros vs Cons

Pros

  • No upfront investment required
  • You can list right away
  • No dealing with contractors and workers
  • No unexpected expenses and delays
  • Potential to net more money if your home is well-maintained

Cons

  • Potentially lower sale price
  • Less appealing 1st-time home buyers and those without funds to renovate
  • More likely to encounter home inspection issues
  • May sit on the market longer
  •  Less appealing in online photos and videos 

Potential Home Upgrades

Below, I've grouped home improvement projects by price range. The lowest cost projects tend to provide the best return on investment, but more costly projects can be worthwhile, especially if they attract a larger pool of buyers.

  • New Interior Paint
  • Updated Hardware (door knobs, drawer pulls, etc.)
  • Floor polishing and buffing
  • Carpet cleaning
  • Pressure Washing

$$

  • Hardwood floor refinishing
  • Cabinet Refinishing
  • Epoxy Coating on Garage floor
  • Deck/Porch restoration
  •  New stone or brick walkway

$$$

  • New Insulating Windows
  • New Roof
  • HVAC upgrades
  • Structural repairs
  • Upgraded Kitchen Countertops
  • Finishing a basement