Renovate Your Home Before Selling?

Let’s play a friendly game of truth or dare. The question we’re about to entertain focuses on whether to renovate before selling your home. If you picked truth, then you’re probably debating on this very subject. If you play by dares, then you might have already been in this situation. Regardless, there’s some pertinent information to contemplate.

Let’s face it; the housing market is a fickle beast. That renovation you’re considering might help sell the house, or it might not. According to Canada.com, a $25,000 renovation has the potential of adding a couple hundred thousand dollars to the asking price. In the grand scheme of things, it costs you next to nothing. But how do you know which renovations are necessary versus not necessarily smart?