To get the most value when selling your home, getting necessary home repairs will help you show off the quality of your home.
But is there a good place to start, and how much money should you invest in order to attract potential home buyers? This is a tricky balancing act, especially if your property has a lot of issues. Here are some tips you can follow to impress buyers. After all, if a seller is diligent in maintenance and home repairs, the buyer will have the confidence to make the deal.
When Should You Get Repairs Done?
Before listing your home on the market, you want to make sure your home is in the best condition possible. If you’ve done some home improvement projects recently, but nothing major, then it may be time to check in on what issues you have and fix them before you list your house.
You can work with a good home inspector to find all of the potential issues and try to fix them before listing, but the buyer is a very discerning buyer. They will be expecting the same standards you’ve set. If there are issues, you might get too anxious to get the house listed and won’t complete the repairs.
What Are the Most Important Home Repairs?
“Such an improvement might not be warranted if an upgrade won’t provide a good return on the investment (ROI),” says Elizabth Wientraub of TheBalance.com. “Before you decide to lift the roof and install skylights in the master suite, realize that kitchens and baths carry the highest return.”
But what should you do if your property needs a lot of repairs and you can’t afford the big ones? One way to overcome this is by giving the home “away” to the buyers to check out. Another way to do it is to suggest that the buyer find a company that’s qualified to do the repairs.
How Much Money Should You Spend For Repairs?
For the most part, you should spend a minimum amount to get your home ready to sell. It is good to spend a little extra money to fix things such as rot and pests that may have been present before you moved in. But don’t drain your budget on things like mold and water damage. These are more expensive to repair but can be offset by the benefits.
Investing in home improvements comes with challenges. Repairs and renovation take time, so there is a risk that you won’t sell as quickly as you expected. However, a homeowner who takes the right steps will stand out in the market and receive more offers for their home. So, a few home improvements will have a big impact.
Contact SOS Home Offers for a Repair-Free Sale of Your Home
If you have struggled with realtors and worry that your home is in too poor shape to sell, contact your team of home buyers at SOS Home Offers today. We buy homes in any state of repair. We will give you a no-obligation offer and buy your home with cash in as little as seven days. It’s that easy.