When it’s time to sell your home, you can’t just put it on the market. When you’re working with a traditional realtor, you have to do way more than that.
First, you have to fix it up until it oozes curb appeal. But if you do that, will all that curb appeal give you a big profit when you sell? Or could it go the other way? What happens if you spend a ton on pre-listing fix-ups and you get nothing in return?
Big Profit? Apparently not!
The return on investment (ROI) issue comes up so often the website Remodeling.hw.net created an online resource to help you make the calculations. The Cost Vs Value page provides home ROI data for every region in the country. It tells the average cost for the remodel, and the average money you’ll likely recoup when you sell your home. Here are a few examples for 2020.
- If you spend $21,760 to replace the wooden windows in your Connecticut home, the resale value would be $16,415, a 75.4% ROI. No big profit there!
- If you replaced your asphalt shingle roof for the average cost of $27,897., you would recoup $18, 343, a 65.8% ROI. No big profit there!
- If you spend $3,732. on a replacement garage door, you would recoup $3,715. when you sold your home. That’s a 99.5%ROI. On the 2020 Cost vs Value list, a garage door is the only remodeling job that promises an almost 100% return on your investment. You won’t make a big profit when you sell your home, but at least you’ll get your remodeling investment back.
If there’s no big profit in it, why do people spend so much money fixing up their homes before they put them on the market? Why do they endure the inconvenience of rearranging their lives around a contractor’s schedule just to get the work done?
At Next Level Home Buyers, we have a better solution
We don’t have the answer to questions about remodeling ROI, Cost vs Value, or big profit. We don’t worry about things like replacement windows, new asphalt shingles, or new garage doors.
We buy your home AS Is. Our Fair & Fast home buying process is simple.
- We evaluate your home.
- We make you an offer.
- You accept.
- We close in as few as 7 days.
- It’s just that simple.
We won’t touch anything you don’t want us to touch
We respect your right to keep your environment healthy and safe. Our Home Buyers always mask-up. We keep our home buying process clean, disinfected, and touchless.
Contact Next Level Home Buyers
If you don’t want to remodel your home before you put it on the market, call us at 860-368-0343 or complete our contact form.
WE BUY HOUSES IN ANY SITUATION:
Behind on Payments
- Death of a loved one
- Liquidating assets
- Inherited property
- Job loss
- Bad mortgage
- Medical Bills
- Extensive repairs