Tip 53: Hold your horses!

Here’s what some experts are also saying about undertaking major repairs. If it’s going to If it’s going to cost you an arm and a leg and substantially reduce the sale price of your home, think twice.

For example, your house costs $200.000.00 in the market. You’re thinking of selling it for $250,000.00 – to make a neat little profit of $50,000. Repairs will cost you $30,000.00 that reduces your profit by $20,000. Are the major repairs worth that measly profit?

Crunch some figures before you undertake those major renovations.