Take the cash offer or invest in renovations and list? Here's the ROI and risk comparison.
Run the math: estimated post-renovation value minus current value, minus all renovation costs (with a 20% buffer), minus carrying costs during the renovation. If that net is materially better than a current cash offer, renovation may make sense — but only if your timeline and risk tolerance support it.
No — cash buyers price for the renovation work and risk they'll absorb. The spread between cash offer and post-renovation listing value is the cash buyer's margin. That spread is the price of speed and certainty.
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