When it comes to selling your home, presentation matters. Now, that doesn’t mean you should drop everything to remodel entire rooms that aren’t perfectly modern. According torecent HomeLight data, you won’t recoup all your renovation costs — 85% of your spend for a kitchen remodel and...
when selling your fixer-upper. If buyers go this route, they can factor the projected renovation costs into their total loan amount rather than buying the home and then paying to make upgrades separately. Some renovation loans include theFHA 203(k) loanand theFannie Mae HomeStyle Renovation ...
House flippers need to purchase homes at a price that allows them to cover renovation costs and still make a profit. As Villeda explains, “House flippers make their money on the buy, so they have to buy for the right price, but again, it needs to be a fair price.” That said, ...