By Myra Arnold
Mar 10, 2025
Sellers are encouraged to showcase home renovations as buyers are increasingly seeking turnkey homes. Buyers are willing to pay more for remodeled homes.
NEW YORK — Even as home prices keep going up and properties become less affordable, homebuyers are willing to pay more to own a remodeled home, according to Zillow.
Nationwide, buyers pay roughly $13,200 more than expected — about 4% of the median price — for renovated homes, researchers at Zillow found.
In the company’s analysis last year, buyers were willing to pay less than 1% more.
“Buyers looking for a turnkey home should be prepared for increased competition from other buyers,” Amanda Pendleton, Zillow’s home trends expert, said in a statement. “For sellers, if you have made renovations, flaunt them in your listing description.”
