Many homemakers put too much money and energy into home repairs before listing them for sale. Some flaws are so trivial that prospective buyers would hardly ever notice or wouldn’t pay extra just because you’ve fixed them. But some repairs are serious and expensive. Irrespective of whether you choose to fix it or not, you could lose money without making an informed choice. Read on to learn how to prioritize renovations and how to sell a house without making repairs, should you choose to sell it as-is.
What To Fix Before Selling A House
1. Structural Repairs
Consult a structural engineer before listing a house if you notice any signs of structural instability. The engineer will inspect the foundation, stem wall, and retaining wall and look for signs such as horizontal or vertical cracks along the walls, horizontal cracks in the foundation, etc.
2. Electrical and Plumbing
Outdated wiring systems are a leading cause of the fire. Make sure electrical panels and circuit breakers meet current codes. Call an electrician if you have an older system to check if it needs to be updated or checked. Antiquated electrical services are wired to receive 60-amps which does not support the electric load in today’s homes. Consult a plumber to check for signs of leakage and water damage. Bad plumbing can affect the stability of your house, leaving you with substantial repair bills.
3. HVAC Systems
An updated HVAC system helps attract potential buyers because it could cost around $10,000 to install a new HVAC or replace an old system. Consult an HVAC engineer to check if the HVAC works well or needs replacement.
Check the roof to ensure there are no broken or missing tiles, shingles, or ridge caps. You must also check for cracks, blisters, or bubbles in the sealants. If you observe a problem, replace them immediately. A new roof helps attract potential buyers and receive a better offer.
What Not To Fix Before Selling The House
Since home repairs are expensive, we suggest you don’t start a project you cannot finish. Most importantly, don’t replace something that’s working with a trend – what seems trendy may be off-putting after a while.
Similarly, don’t spend more than you can afford on renovation. Other cosmetic upgrades like replacing furnishing or kitchen don’t repay well since the new owner may want to redo these aspects to suit their style. We suggest consulting your real estate agent to learn what needs fixing.
Why Sell A House As-Is
Not all repairs are worth your time or money. Some homeowners do not have the money for renovation, while others consider it overwhelming to spend time and energy on repairs. Sometimes, it pays to leave the house as is, i.e., the seller does not make any guarantees about its condition. This happens when the homeowner is in a hurry to sell or if you have inherited a home but have no intention to rent or keep it as a vacation home.
How To Sell A House Without Making Repairs
The easiest way to sell a house fast and as-is is to get in touch with a local real estate investor. Look for reliable companies that have purchased hundreds of properties in the past and have a good rating on the BBB. Make sure you enquire about the investor’s reputation because they could back off at the last minute, leaving you in a last-minute jam.
You need a company that can buy your home quickly and promises cash on hand almost immediately after closing. You can always call them for a quick no-obligation offer within 24 hours.