In today’s hyper-competitive market, buyers are often willing to overlook cosmetic or minor repair needs if it means snagging a home in their price range.
Ultimately, you’re unlikely to recoup the full cost of most renovation projects when you sell your house.
If the market is flooded with houses for sale, renovations might be necessary to make your house stand out, but that’s not the case today. As of October 2020, inventory levels of available homes for sale in New Castle County, DE was 33% less than the same time last year.
With so few houses available for sale today, you may be able to skip the bigger renovations before you sell and cash in on the equity you’ve built in you house.