While selling a property can provide an immediate cash inflow, renovating can add value to the property and generate a higher selling price in the future. If you find that the market has high demand and prices for properties in your area, selling may be a viable option. However, if there is low demand, then renovation may be a more profitable decision in the long run. Things like upgrading the kitchen, bathroom, or adding a bedroom can put you in a better position to sell at a higher price when the market shifts in that direction.
Ultimately, your decision to sell or renovate your property will depend on your goals and the current market conditions. Our team has extensive combined experience in new home construction, renovation, and all the necessary trends in real estate that matter the most to you.
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