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What are the pros and cons of selling a house "as is" versus investing in renovations to increase its value?
When selling a house "as-is", the sale price is typically 10-15% lower than a renovated house, according to Zillow.
70% of homebuyers prefer to purchase a move-in ready home, rather than a fixer-upper (National Association of Realtors).
The average cost of repairs in a typical home sale is around $14,000 (HomeAdvisor).
Selling a house "as-is" can be beneficial when the property is in a high-demand area, as buyers are more likely to overlook flaws for a desirable location (Realtor.com).
Home staging, which includes minor renovations and decluttering, can increase the sale price by 6-10% (National Association of Realtors).
The top three most valuable renovations for resale value are a new roof, replacing siding, and upgrading windows (Remodeling Magazine).
A minor kitchen remodel can recoup around 80% of its cost at resale, according to the National Association of Realtors.
Homebuyers are willing to pay up to 10% more for a home with energy-efficient features, such as new windows and insulation (Energy Star).
The average return on investment (ROI) for a bathroom remodel is around 102% (Remodeling Magazine).
Home sellers who invest in renovations can see an average increase in sale price of 10-15% (Zillow).
80% of homebuyers consider the overall condition of the home to be the most important factor when making an offer (National Association of Realtors).
A pre-inspection report, which highlights any necessary repairs, can increase buyer confidence and lead to a faster sale (HomeAdvisor).
Selling a house "as-is" can attract investors or flippers who are looking for a fixer-upper opportunity (Realtor.com).
A well-manicured lawn and landscaping can increase the perceived value of a home by up to 5% (National Association of Realtors).
The ROI for a major kitchen remodel is around 92%, making it a worthwhile investment for homeowners looking to sell (Remodeling Magazine).
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