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You probably won't be able to recoup all of the costs of home renovation when you sell your home, but it seems like you've been trying to sell this for awhile. It might be worth it to make some repairs and hopefully a buyer will come along. |
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I always thought that home renovation before sellign a home was overrated. When I bought my home, there was a lot that I wanted to change. I didn't like the layout of the house and gradually I made the renovations that I wanted. By spending money on renovations, you might be makign your house appeal to a smaller perecnetage of buyers. Then again, I based my decision on buying my home on the neighborhood and the lot size. |
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It really depends on your neighborhood and the houses that surround yours. If your house is the smallest and least attractive on your block you might want to make some changes to attract buyers. On the other hand if you already have a relatively attractive home that is at par with the surrounding houses it might just be the market that is affecting the sale of your home. If this is so hold off on renos you might just end up needing to ask a price for your renovated home that no one will be able to afford. |
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