The ROI of renovations: explaining the financial potential of renovating before selling
March 20, 2024
Low listing inventory is a common challenge that agents (and brokerages) are facing in 2023, and one big reason is because homeowners who live in properties that could use a little TLC before going to market are unable to fund those renovations. It's hard for a homeowner to list their most valuable asset knowing that they could be asking for more money if they made a few small changes upfront!
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While there is an abundance of evidence that supports that renovated turnkey homes sell faster and for more, Revive, nor the Contractor, can guarantee a specific as-is or after renovation value or the exact time that it would take to get a renovated home sold. Further, Revive cannot provide a guarantee that the real estate market will not experience fluctuations or a decrease during the renovation or sales period.
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