Debating whether to renovate before selling? We analyze the ROI of repairs vs the speed of selling as-is.
When to Fix It Up
If your house is mostly updated and just needs paint or carpet, doing the work yourself can yield a higher sales price on the MLS. This is best if you have time (3-6 months) and cash on hand for contractors.
When to Sell As-Is
1. Major Systems are Broken: Replacing a roof ($15k) or AC ($8k) rarely gives you a 100% return on investment.
2. You Don't Have Cash: Contractors require deposits. If you are cash-poor, renovations aren't an option.
3. Stress Factor: Managing contractors is a full-time job. Selling As-Is eliminates that stress entirely.
The Verdict: If the repairs are cosmetic, fix them. If they are structural or expensive, selling As-Is is often the smarter financial move.
Cost-Benefit Analysis
Before renovating, calculate your total spend (materials, labor, holding costs) versus the expected increase in sale price. In many cases, sellers only recoup 70–80% of major repair costs.
Market Conditions Matter
In a hot seller's market, buyers compete for homes regardless of condition. In a slow market, extensive repairs may not yield a return. A cash buyer offers certainty in any market.
Stress-Free Option
Life situations—like divorce, inheritance, or job relocations—often require speed. Selling as-is provides peace of mind and frees you from the project management that renovations require.