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In 2025, homeowners in Chicago and the North Shore face a crucial decision: remodel your home before selling or sell it as-is?
The current market trends favor properties with updated features, particularly in kitchens and bathrooms, which can significantly boost your selling price and attract more buyers. However, it’s essential to weigh the cost of renovations against the potential return on investment (ROI) based on your specific property and local market conditions.
Consider:
- High Demand for Updated Homes: Chicago buyers are increasingly seeking modern features like energy-efficient appliances, renovated kitchens, and functional outdoor spaces. Making these upgrades can significantly enhance your home’s appeal and selling price.
- Limited Inventory: With a competitive market, well-maintained and updated homes are likely to sell faster and at higher prices. The demand for move-in-ready homes remains strong.
- North Shore Appeal: Neighborhoods like Evanston, Wilmette, and Winnetka are especially desirable. Focusing on renovations that align with local preferences can be highly advantageous.
- Evaluate Renovation Costs: Carefully assess the cost of necessary updates against the potential increase in selling price to ensure a positive ROI. In 2025, the average cost for home remodels in Chicago ranges significantly, so it’s crucial to budget wisely
When to Consider Selling “As-Is”:
- Minor Cosmetic Issues: If your home only needs minor cosmetic updates, selling “as-is” might be a viable option, depending on market conditions and how quickly you need to sell.
- Unique Property with Niche Appeal: If your home has unique features that appeal to a specific buyer demographic, selling “as-is” could attract buyers willing to take on renovations.
- Before Making a Decision:
- Consult a Local Real Estate Agent: They can provide insights into current market trends, comparable sales in your neighborhood, and advise on the best strategy for your specific property
Get Professional Pre-Sale Home Inspections: This will help you identify any major issues that could impact your selling price and determine which renovations are most necessary.
Contact me and I will guide you through this decision making process to a very successful sale!
