Most likely you do not need major repairs or renovations before listing your home for sale if your home is maintained in good conditions or if it is still new. However, if you want to repair and renovate your home for your own comfort or to invest in the future, below are some helpful statistics you may like to use for reference:
Renovation Return On Investment For Homes Below $250,000:
Renovation Return On Investment For Homes Between $250,000 And $400,000:
For example, your home is in the range of $250,000 to $400,000. If you put in $10,000 to build a swimming pool, you can only get around $4,100 in return. However, if you put $10,000 to upgrade the kitchen, you can make around $5,600 in addition to the money you put in.
Renovation Return On Investment For Homes Between $250,000 And $400,000:
For example, your home is in the range of $250,000 to $400,000. If you put in $10,000 to build a swimming pool, you can only get around $4,100 in return. However, if you put $10,000 to upgrade the kitchen, you can make around $5,600 in addition to the money you put in.
