If you’re planning to sell your home at the start of summer, it’s time to tackle all the necessary repairs. These repairs can save you money in the long run — money
What Are The Seven Things To Do To Your Home Before You Sell
If you’re planning to sell your home at the start of summer, it’s time to tackle all the necessary repairs. These repairs can save you money in the long run — money spent on improvements now will be far less than the cost of that first price reduction if your house sits on the market.
Even if your home doesn’t linger on the market, you run the risk of a buyer asking for concessions and credits for items you didn’t fix, and the quotes from experts doing the work will almost certainly be higher than your own out-of-pocket cost.
Here are 7 things you should fix before selling your home.
1. Structural and mechanical
It might not be glamorous, but buyers are looking at big-ticket items like the age and condition of the roof, air conditioning and heating systems, water heater, electrical panel and pipes.
Now, I’m not saying all have to be replaced, but if any of these components are on their last leg, you might seriously need to consider replacing them as these items could factor into the kind of financing the buyer is able to obtain as well as insurability of the property.
Appraisers are notorious for requiring a roof to be replaced, for example, as a condition of a loan when it comes to FHA and VA financing.
Replacing a roof that is at the end of its life before putting your home on the market will go a long way to solidifying buyer confidence in deciding to make an offer.
The buyer (and you) won’t have to sweat what an inspector says, deal with a potential renegotiation before closing or face a price reduction. The last thing you want to be doing is putting on a new roof in the midst of trying to pack.
If you lack the budget to replace these items, get estimates on the cost involved to replace. You can always offer to contribute to the replacement cost in the form of a credit to the buyer’s closing costs and offer a home warranty that can provide some coverage should something fail or need repair.
2. Repair Damaged Flooring.
One of the first things buyers look at when they walk into the home is the floor. If you have vinyl flooring, check for holes and tears. Replace worn out or damaged vinyl flooring. Fix deep scratches in hardwood flooring with steel wool, wood filler, and seal with varnish. Have carpets professionally cleaned. Old, ripped carpeting should be replaced.
How does the exterior of your home look? Is there any wood rot? When was the last time it was painted? Are there any mortar that need attention?
First impressions start on the outside, and the exterior will show up in photos across a multitude of websites, etc. This is definitely an area worth spending the money.
Speaking of the exterior, how does your landscaping look? Are the plantings overgrown, worn and wilted? What about the ground cover?
Are the planting beds in need of some fresh mulch, pine straw, rock, etc.? Are there any overgrown tree limbs hanging over the house or blocking the home’s view? For a relatively inexpensive investment, you can transform how your exterior looks by trimming back and freshening things up with new plants and landscaping
Let’s face it: buyers buy with their eyes, so now is the time to go through the interior in detail. Are there dents and dings on the walls, scratched moldings or worn paint? Now is the time to spruce up the inside with a fresh coat of paint.
Pick light, neutral and on-trend colors. Choose a neutral palette that will transition well with any buyer’s furniture.
Look at your light fixtures, celling fans and light switches— these are relatively inexpensive things to update and replace, yet they go a long way toward creating value.
The front door? This is critical! Does it need fresh coat of paint or new hardware? Consider adding a glass panel to create light that evokes a sunny and warm space.
This area is always huge with buyers. Even if the buyers barely know how to boil water, they always envision themselves in the kitchen cooking and entertaining or perhaps auditioning to be the next Food Network TV star surrounded by sleek appliances and cabinetry.
Here’s where you need to give them the look for less. Think new hardware on cabinets, adding or changing out a dated tile backsplash and updating appliances. Also, consider changing out counters — you might be able to find a reasonably price remnant of a granite slab.
Simple and clean rules the day. Sprucing up your bathrooms to sell can be as simple as having the grout on the existing tile steam cleaned or re-grouting where needed. Caulking, new plumbing and light fixtures along with mirrors can create value.