I've owned and sold several homes that I've renovated and they always fetch a premium.
Recently I sold an apartment in a complex with 1200 units - so comps are widely available. The sale happened in a matter of hours with 6 way-over-ask offers, half of which were all cash. The closing price continues to be a high water mark for this unit / line in the complex.
There were other units on the market at the same time as us where the sale took weeks if not months and sold for drastically less. Some of them were recently renovated, but had builder grade finishes.
High end kitchen / bathroom renovations (aka appliances) are most certainly a major factor.
Recently I sold an apartment in a complex with 1200 units - so comps are widely available. The sale happened in a matter of hours with 6 way-over-ask offers, half of which were all cash. The closing price continues to be a high water mark for this unit / line in the complex.
There were other units on the market at the same time as us where the sale took weeks if not months and sold for drastically less. Some of them were recently renovated, but had builder grade finishes.
High end kitchen / bathroom renovations (aka appliances) are most certainly a major factor.