Formula: (Expected post-renovation sale price) minus (Current as-is value) minus (Renovation cost) minus (Carrying costs during renovation) equals your true ROI. Most sellers forget carrying costs - maintenance, taxes, and foregone capital deployment during 3-12 months of construction. If that final number is zero or negative, sell as-is. Also factor co-op alteration agreement approval time (6-8 weeks) before construction even begins.
⚠️ UNVERIFIED: No T1/T2 source located as of 2026-08-01.
This article provides general educational information only. It is not legal, tax, financial, insurance, compliance, housing, brokerage, or professional advice. Rules, tax rates, obligations, enforcement practices, and market conditions vary by property, building, contract, municipality, and jurisdiction, and they change. Sellers should consult a qualified attorney, CPA, or other appropriate professional before making decisions based on their specific situation.
From the seller playbook: Renovate or Sell As-Is? The Pre-Sale ROI Decision
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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