When deciding to renovate before selling, look at prices of similar homes in your neighborhood that have been renovated recently and see what the asking price is, and how different it is from what you could get for your home as is. A light remodel should only include cosmetic updates. Things like new countertops, paint, hardware, cabinetry, or lights can make a big difference relative to the lower cost that comes with more intensive projects.
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Next Advisor Logo. Share Share on Social Media. There are some things you just aren't going to be able to change about your current house. In that case, it may be time to pack up and move. More from Invest in You: Property Brothers: Avoid top home renovation mistakes Many millennials say buying a home may finally be within reach The best thing you can do for a financially strong Another thing to consider is how much money you'll have to spend on a renovation to get what you want.
These 6 financial strategies can help military members transition to civilian life. Michelle Fox. Carmen Reinicke. Read More. By Lauren Phillips Updated June 28, Save FB Tweet More. Renovate or move?
How to make the decision, costs, and more. Credit: Getty Images. All rights reserved. Close Sign in. Once your home is under contract, you should be able to predict the time to close with relative certainty. But remodeling requires more patience and flexibility. Your contractor might tell you the renovation will take eight weeks, but could then end up extending it if they run into changes, issues or delays.
Message and data rates apply. I agree to receive a one-time text message containing a link to download the Zillow 3D Home app at the mobile number I provide above, and I confirm that the mobile number is mine. An iPhone 7 or newer is needed to use the app. One helpful tool in calculating which renovations will give you the most bang for your buck is the Cost vs.
Value Report , which can be filtered by region. Search through 21 common home improvements to find the ones that will be the most worthwhile in terms of resale value. Your ROI is important, but so is your happiness, so keep that in mind when deciding on your renovation project. If your tastes have outgrown your local market, it might be time to consider a move. If you want that high-end home and you can afford it, you might be better off moving into a luxury home in a neighborhood where the market can support the price.
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