Residence Vendor – Make Needed Fixes
Before a customer considers your home seriously, it must meet his demands in numerous ways. It should be an ideal neighborhood, commuting distance, size, design, and so on. If the majority of these demands are met, the customer will approach making an offer for your residence. The purchase choice is an emotional and also intellectual feedback, based on a degree of count on your residence. So, it is rational that in preparing your home offer for sale your goal ought to be to enable the customer to build rely on your home as rapidly as feasible. Your very first step should be to attend to noticeable as well as covert repair issues.
Make a Total Checklist
Bear in mind that prospective purchasers and their real estate agents do not have the warm personal memories and experience that you have with your home. They will watch it with an important as well as critical eye. Expect their problems before they ever see your residence. You might check out the leaking tap and also think about a $10 component at Home Depot. To a buyer this is a $100 pipes costs. Go through each room and take into consideration exactly how customers are going to respond to what they see. Make a total listing of all needed repair work. It will be a lot more efficient to have them all done at once. Make use of a handyman to fix the things swiftly. If your house is a fixer-upper, bear in mind that the majority of purchasers will expect to make a profit that is significantly over the price of labor as well as materials. When a house needs obvious repair work, purchasers will assume that there are extra troubles than satisfy the eye. Take care of repair work before marketing your home. Your house will certainly offer faster and for a higher cost.
Obtain an Inspection
It is an excellent suggestion to have your house examined by an expert before putting it on the marketplace. Your may discover some problems that will certainly show up later the customer’s inspection record. You will certainly be able to resolve the items on your own time, without the participation of a possible buyer. You do not have to repair every product that is written. As an example, because of developing code adjustments, you may not fulfill code for handrail height, spacing between balusters, stair measurements, single glazed home windows, and other products. You may choose to leave items such as these as they are. Just note on the inspection report which items you have repaired, and which are left as is. Attach the report to your Seller’s Disclosure, along with any repair receipts that you have. A professional inspection answers buyers questions early, reduces re-negotiations after contract, and creates a higher level of trust in your home.
Offer a Service Contract
A home service contract may be offered to the buyer for their first year of ownership. For a fee of about $350 a third party warranty company will provide repair services for certain systems or components in the house for one year after the sale. These policies help to reduce the number of disputes about the condition of the property after the sale. They protect the interests of both buyer and seller.
Should You Remodel?
Our clients often ask if they should remodel their house before marketing. I believe the answer to this is no – major improvements do not make sense just before selling a home. Studies show that remodeling projects do not return 100% of their cost in the sales price. Normally, it does not pay to replace cabinets, re-do kitchens, upgrade bathrooms, or add space prior to selling. There is a fine line between remodeling and making repairs. You will need to draw this line as you review your home.
Countertops are outdated: If other components of the house are up to date, the kitchen may be greatly improved by new, modern countertops. Although this is an upgrade, not a repair, it may be worth doing because the kitchen has a significant impact on the value of your home.
Carpet is worn or outdated: Carpet replacement almost always worth doing. Sellers often ask if they should offer an allowance for carpet, and let the buyer choose. Do not take this approach. Choose a neutral shade, and make the change yourself. New carpet makes everything in the house look better.
Wall texture is poor: You may have an outdated texture style or acoustic ceiling. In most cases, it does not make sense to strip and re-texture the walls. Just repair any wall damage or minor texture problems.
Walls need paint: This is a must do! Freshly painted walls greatly improve the perception of your home. Don’t forget the baseboards and trim. Use neutral colors, such as cream, sage green, beige/yellow, or gray/blue. Stark white, primary colors and dark colors do not appeal to a wide market, and may be a negative factor.
Bathroom caulking is dirty: Put this on the must do list. Cracked or stained caulking is a turn-off to buyers. It is easily replaced. Make sure the tile grout does not have voids.
Drainage or leak problems: Address any drainage issues or leaks in plumbing or roof. Use professional help to correct the source of the problem and check for mold. Fully disclose the repair on your sellers disclosure, but avoid giving a personal guarantee of the repair.
Structural and trim repairs: Fix any sheetrock holes, damaged trim, torn vinyl, broken windows, rotten wood or rusty fixtures. Homes sell for more that show a reasonable level of maintenance.
Overgrown shrubs and weedy beds: Repairs to the yard are some of the most cost effective changes you can make. Mow and edge the lawn. Add inexpensive mulch to flower beds. Cut back any shrubs that cover windows. Trim tree branches that rub against the roof. Buy new doormats. Replace dead plants. Remove any trash.
Check HVAC, plumbing and electrical systems: These systems need routine maintenance. Have the heat/AC system serviced and filters changed. Check for plumbing leaks, toilets that rock, corroded water heater valves, and other plumbing problems. Replace burned out bulbs and electrical fixtures that do not work. Check your sprinkler system and pool equipment for problems.
Make Needed Repairs
If you are planning to sell your home, your first step should be to discover and make needed repairs. By making repairs you will answer buyers questions early, build trust in your home more quickly, and proceed through the closing process with fewer surprises. Your home will appeal to more buyers, sell faster, and bring a higher price.