Sometimes there comes a point when your home just isn’t working for you; maybe your family expanded, your mobility changed, or you started a new home-based business.
If your home no longer fits your needs, you’re probably trying to decide between two options: renovating and selling. Let’s look at the pros and cons of each option and discuss what choice might be best in our current market.
Pros and Cons of Renovating
When you’re renovating, you can customize your home to your needs. You can add that chef’s kitchen you always wanted, turn a basement into an office or a guest space, or add a home gym. Renovations can boost your home’s value, as well. If you’re attached to your home, you may prefer not to sell!
Just be aware: not all renovations and updates have a good ROI. Renovating can be expensive, and you risk spending money you may not get back. You’ll also need to deal with contractor scheduling, potential project budget issues, and weeks or months of construction activity in your home. That chef’s kitchen reno may mean weeks of going without a stove, oven, or dishwasher!
Pros and Cons of Selling
One major point in favor of selling is the immediate profit. If you need money now, selling will definitely be the better option! If you’re not in a hurry, it’s still a great time to cash in on your equity—even if your home is distressed. You may be able to harness your equity to move into a turn-key property that meets all your needs!
If you’re selling on the market, you may have to make repairs before selling. If your home is distressed, this can mean investing a significant amount of time and money just to prepare your house for sale! However, this problem can be fixed by selling your house for cash, as-is.
Which Choice is Best in This Market?
Right now we’re still in a seller’s market, though it’s no longer as hot as it was. The rise in home prices over the past few years means that it’s an ideal time to cash in on home equity. 2024 is a good year to make a move!
If you see yourself in your current home forever, there’s nothing wrong with renovating and staying! However, if you can see yourself enjoying a new home, now is a great time to sell.
Sell Your House For Cash
If you’re worried your home is too distressed to sell, don’t worry! MarketPro Homebuyers is here as a resource. You may wonder:
“Can I sell my house fast if it needs a new roof?”
“Can I sell my house fast if it needs all new appliances?”
“Can I sell my house fast if it needs major electrical work?”
The answer is YES! No matter what your home needs, MarketPro will buy your house for cash, as-is.
Work with MarketPro:
We’ll give you a fast cash offer for your current home just as it is now; no repairs, no upgrades, no inspection, no commissions or fees. You can even choose your exact closing date. Our team will walk you through your quote, including a review of what your home would likely bring on the open market.
If you’re in Washington, D.C., Maryland, Virginia, Pennsylvania or Florida, we’d love to show you how easy and stress-free the sales process can be. Contact us today for a same-day, no-pressure quote.
