Usually not for major work. High-end gut renovations return only 45-55% of their cost at resale. When you add co-op alteration approval delays of 6-8 weeks and construction timelines of 3-12 months, carrying costs silently erode your net proceeds. Cosmetic updates like a mid-range bathroom refresh recoup 70-80% of cost and are generally the smarter investment.
⚠️ UNVERIFIED: No T1/T2 source located as of 2026-08-01.
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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