Repairs before Resale
Quick repairs to any home can ultimately make your home not only look better to potential buyers, but also raise the value of your home when you get ready to set a price. There are factors that affect whether repairs will make a difference and there are also certain types of repairs that work better to raise the resale value of your home than others. Knowing what repairs will work better for your particular home will be an excellent way to raise the value of your house and to make sure that you get what your home is worth.
Factors That Affect Whether Repairs Make a Difference
There is no guarantee that repairs before the resale of your house will make your house worth more or get you an offer that is very close to your asking price. These factors are all researchable through the Internet or your local newspaper, but you can also get help with them from reliable and seasoned real estate professionals like Karyn and Kimberly Schonherz. These factors include:
- Time of year - The time of year can affect whether your repairs are going to make your home worth more or not. If you make repairs during the winter, people who look at your home will be thankful that they don't have to do it, and be willing to pay the asking price for not doing it themselves.
- Location of the home - The location of the home is very important because if major repairs to the home will make the house more valuable than the houses surrounding it, you may not get what your home is worth when you try to sell it.
- Housing market - If you are in a buyer's market, it is smart to make repairs to the home that will make it more attractive. People are more likely to buy a home at the asking price that has very little to do to make it livable for themselves.
- Competing inventory - Having several houses like your own on the market at the same time can mean that repairs might set you apart from the other homes.
Types of Repairs
There are all types of repairs that you can do to a home before you resell it but there are certain repairs that will help the resale value of your home. These are major repairs but if you study the factors above, you can get back what you put into the house easily. Some of these repairs are:
- Flooring - Whether you put in the wildly popular hardwood or just a beautiful neutral carpeting, you can be certain that it will be noticed by potential buyers.
- Ceilings and walls - Painting, wood paneling and wallpaper are excellent ways to make the ceilings and walls of a home look fresh, neutral, and ready for someone to move in immediately and make it their own.
- Kitchen improvements - Putting in new cabinets and counter-tops can make a kitchen look even more modern than it may already be.
- Bathrooms - It is well known that the recoup cost of redoing a bathroom is more than 100% in most cases, so put in those new sinks, faucets, and fixtures.
- Roof and exterior - These repairs are the most important because the exterior is what a potential buyer sees first. Put in the effort and paint the house, plant some landscaping, and see how your bottom line grows with these repairs.
Making repairs can be a great idea, as long as you know that you are doing so within the right time frame and are not spending more money than you will get out of the sale of your home. If you have any questions about making repairs to your home before reselling it, you should call Karyn and Kimberly Schonherz at 714-283-6653 to learn about how repairing your home can work for you.
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