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"How do I decide whether to sell my house or keep renovating it?"
The decision to sell a house as is or renovate it depends on several factors, including the seller's circumstances, the housing market, and the potential ROI of any upgrades.
Sellers need to consider the potential ROI of any upgrades, as supply chain issues can lead to higher materials costs and lower ROI.
Experienced teams can make remodeling an efficient and fast process, and freshened-up homes sell faster than outdated ones.
65% of sellers who have sold a home within the past two years take on at least two home improvement projects to prepare their home for sale.
Remodeling the wrong areas can be a waste of time and money.
Even in a seller's market, upgrading a home before selling can make sense.
A minor or DIY kitchen remodel can cost between $10,000 and $15,000, while a major remodel will bump those costs up to somewhere between $29,000 and $64,000.
An HVAC conversion costs an average of $17,447 but has a resale value of $18,366, a 103.5% return on investment.
The biggest returns nationwide are associated with garage door replacement, new wood windows, and steel entry door replacement.
Instead of replacing windows, have a window cleaner clean them inside and out, touch up paint and clean stubborn stains, and leave them as they are.
Hiring a pro for interior painting will yield the best results, but it will cost between $2,000 and $3,000 for whole-house interior painting.
If you have several different kinds of flooring throughout your home, ripping up old carpet and keeping flooring consistent can be a heavier-duty home renovation project before selling.
According to HomeAdvisor, the cost of home renovations in 2022 can range between $17,942 and $782,634 for an average of $48,002.
Talking to the former clients of a real estate agent or remodeler can help you decide if they and his or her company feel like a good fit.
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