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Renovation Calculator

Baltimore market read

Strong seller's market

Well-priced homes are moving quickly. Updates earn somewhat less than the national average.

Set by Liz Ancel

Step 1 of 3 · About your property

What kind of property is it?

Baltimore rowhome / townhome

Attached on one or both sides. Common in Canton, Fells Point, Patterson Park, Highlandtown, Brewers Hill, Locust Point and Federal Hill.

Suburban townhouse

Attached, typically with a garage and rear yard.

Semi-detached / duplex

Attached on one side.

Detached single family

Freestanding on its own lot.

Condo / apartment

Exterior and structure are typically the association's responsibility.

Multi-unit / investment

Two or more units.

Neighborhood

Select…

Canton

Fells Point

Patterson Park

Highlandtown

Brewers Hill

Locust Point

Federal Hill

Butchers Hill

Upper Fells Point

Riverside

Other Baltimore City

Baltimore County

Anne Arundel County

Howard County

Other

Estimated current value

$

When do you want to be sold and settled?

Within 60 days

3–4 months

5–6 months

6–12 months

I'm flexible

Who's in the property?

I live there

Vacant

Tenant-occupied

Do you need the proceeds to buy your next home?

Yes

Partly

No

See what the numbers say

Choose a property type and timeline to continue.

Step 2 of 3 · The live numbers

Why isn't every project on this list?

What are you considering?

Project cost

−

$

+

How long before you could list?

Estimate — adjust it

−

+

before the home hits the market

Your carrying costs — the part most sellers never calculate

Mortgage balance

$

Interest rate

%

Property tax rate

%

Insurance & utilities / month

$

HOA / condo fee / month

$

Monthly rent you'd lose

$

If it runs over, by how much?

%

An adjustable assumption, not sourced data.

And how much longer?

%

Only 36% of remodels finish on budget.

Reset to realistic defaults

Before you list

These aren't improvements with a return percentage. They're things a buyer prices against you — and they follow different math to the projects above.

How does the exterior look right now?

Tick anything a buyer would notice walking up. Cleanup is the one item whose return depends entirely on where you're starting from.

Estimate — adjust it

Cost to put it right

−

$

+

Time it takes

No published study measures a pre-sale clean-up directly. The closest measured comparison is NAR's standard lawn care service at 217% of cost recovered.

Any condition items you know about?

These surface at inspection whether or not you raise them first.

Three things this calculator can't tell you

Everything above runs on national averages. These three are local, and they're the ones that actually decide the answer.

  1. The real premium for updated homes on your block. National figures say a midrange bath returns about 80%. What it returns in your neighborhood is a different number entirely.
  2. What you'd be competing against the week you list. Four updated homes on the market changes the math. So does none.
  3. Your realistic price ceiling. Location, lot and layout set a limit that no renovation moves. Spending past it returns nothing.

Back

Compare your options

Step 3 of 3 · Side by side

Three paths, same property

All three update live. Change anything in the previous step and these move with it.

Back to the numbers

Get my personalised plan

×

Get your Spend / Skip / Fix plan

We'll send your full breakdown, plus the three local questions that decide the answer for your property.

Your plan is on its way.

Liz Ancel leaning on a kitchen island, smiling

Prefer to talk now? (410) 599-4161

  • 18 yearsExperience
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