Moving? It’s time to think about possible repairs to your home before you sell. Making repairs and disclosing problems before you sell can benefit you in the long run as a seller.
Here’s what you should know about making repairs to your home before selling:
Understand What It Means To Sell “As-Is”
Selling a house “as-is” typically means that the seller will not make repairs before the sale, or will offer credits to the homebuyer to make improvements. “As-is” homes are often dreams for DIY-ers, flippers, or contractors—not your average homebuyer, who will prefer to make as few repairs as possible.
Make A List Of Repairs Needed
Go through your property and make a list of repairs needed—it’s also a good idea to hire a professional inspector and include that report in the sale documents. What can you realistically do on your own and what needs a professional? If the home has code violations, get them fixed as soon as possible. When a buyer is interested in your home, they will hire an inspector who will note these kinds of things.
Know How Much You’re Willing To Spend
Know how much you’re willing to spend on repairs to your property before selling. Smart sellers will weigh the cost of the repairs/improvements against the home’s market value before taking on the project. The reason being, some repairs and home improvements have a higher return of investment (ROI) than others. For example, the kitchen and bathrooms tend to have the highest ROI.
What’s The Housing Market Like?
In a seller’s market, you may be able to get away with fewer fixes before selling, but don’t let that be a pass to neglect needed repairs. Ignoring repairs can come back to bite you in the form of lost sales or a reduced home price. Walk around any open houses in your neighborhood to get an idea of what prices are like, what improvements there are, and the condition of the homes.
When selling your home, turn to the experts at Merchant of Homes. We have extensive experience selling properties of all shapes and sizes and will work with you to make your home an attractive buy. We will also market your property by highlighting unique features, marketing to the right people, and hosting open houses.