Should You Renovate Before Selling? Here’s the ROI Reality
IntroductionBefore you swing that sledgehammer or call the contractor, let’s look at whether your renovation plans actually add value to your home—and more importantly, how much you’ll get back at resale.The Myth of Renovation Windfalls
Home improvement shows have glamorized the flip-and-profit lifestyle, but reality rarely matches expectations. Renovations come with costs, delays, and sometimes, diminishing returns.Best Renovations for ROI
- Paint & Curb Appeal (ROI: 100–200%)
A fresh coat of neutral paint and tidy landscaping make a strong first impression. These low-cost upgrades often yield the best return. - Kitchen Facelift (ROI: 70–90%)
Think new cabinet doors, hardware, lighting, and countertops—not a full gut. Modernizing the heart of the home boosts value significantly. - Bathroom Refresh (ROI: 60–80%)
Replace fixtures, mirrors, and lighting. Add a fresh vanity for instant appeal. - Flooring Replacement (ROI: 60–75%)
Laminate or engineered hardwood offers a modern look at a moderate price.
- Full basement suites (unless creating legal rental income)
- Swimming pools
- High-end custom features that don’t match the neighbourhood
- Hot seller’s market: Homes sell fast, even with flaws.
- Tight timelines: You may not recoup your investment in time.
- Limited funds: Save your money and price the home accordingly.
Sometimes, staging can create a greater perceived value than actual construction work. Consider using staging to highlight the home’s potential without major spending.Conclusion
Smart sellers know when to hold 'em and when to hammer. Focus on high-impact, low-cost upgrades and consult a real estate expert to determine what will move the needle in your market.
If you want a FREE Home Renovation Review, please reach out. With decades of experience working with developers, stagers and seeing hundreds of renovations, I know what works and just as importantly, what doesn't.
Sincerely,
Kevin LynchRemax Crest RealtyDirect: 778-718-5686