Definition
A property that has undergone comprehensive improvements or reconstruction of major systems. Renovated homes appeal to buyers wanting move-in-ready homes without major repair needs.
Not sure where this fits?
Answer a few questions and we’ll open the path that fits, at the right step.
Find my pathAbout this term
Renovated properties appeal to buyers who want move-in ready homes without the need for major repairs. Renovations significantly increase property value and appeal, though costs can be substantial. Buyers should understand what renovations were completed, when they were done, and whether proper permits and inspections were obtained.
Pro Tip
Ask for renovation documentation including permits and warranties. This adds credibility to renovation claims.
Example
The completely renovated 1970s home featured a modern kitchen with quartz counters, updated bathrooms, new flooring throughout, and a new HVAC system.