When looking for a home in Bloomfield Hills, you’ve likely asked yourself: should I buy something that needs work or go for a turnkey home? The answer depends on your goals, budget, and tolerance for renovation stress.

1. Cost vs. Convenience

In Bloomfield, renovating can be expensive. Between material shortages and skilled labor premiums, even a moderate kitchen remodel can run $60,000–$80,000. Add bathrooms, flooring, and mechanicals, and you might be at $200K before move-in. Buying a move-in-ready home often costs more upfront but eliminates the uncertainty, delays, and surprise costs.

2. Value Appreciation

Strategic renovations can yield solid returns — especially for homes in top school districts or lake-adjacent neighborhoods. However, buyers should focus on high-impact updates: kitchens, bathrooms, windows, and mechanical systems. Luxury finishes can boost appeal, but structural and system improvements add true long-term value.

3. Timeline and Lifestyle

Renovations take time — and patience. If you’re juggling work, kids, or a move-in deadline, a turnkey home may save more than just money — it saves your sanity.

Takeaway

There’s no “one-size-fits-all.” The right move depends on your lifestyle, cash flow, and time horizon.

If you’d like help comparing renovation scenarios vs. move-in-ready options, I can walk you through real numbers based on your goals.