Should You Renovate BEFORE SELLING YOUR HOME | Home Seller Dilemma

Should You Renovate BEFORE SELLING YOUR HOME? | Home Seller Dilemma

Hi there, are you thinking of selling your home, but caught in a dilemma whether to renovate or not to renovate before you sell? Should you renovate before selling your home? It’s a home seller dilemma. So, you’ve decided to put your house on the market. The question you have is whether to pull the trigger on renovating your home. Before you do that, consider two things. First, there aren’t enough homes for sale right now. A normal market has a 6-month supply of houses for sale, but today’s housing inventory sits far below that benchmark. According to the National Association of Realtors (NAR), there’s only a 1.9-month supply of homes available today. As a result, buyer competition is high and homes are only on the market for about 21 days, during which time many receive multiple offers from hopeful buyers. Second, focus on getting a good return on your investment. When planning any bigger projects to tackle, you and your real estate agent will want to discuss the potential return on your investment and if those projects are worth the cost. We’re in a strong sellers’ market, and that means you have the leverage to sell your house on your terms.

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Albert & Lynn Alvarez, GRI, e-Pro
REALTOR®/Broker
704-957-2232 | 704-975-2429
The Ally Group Real Estate
https://www.LivingInGreaterCharlotte.com
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