This is usually one of the first questions we hear when working with clients to sell their home, and it’s a very good one at that. No house is perfect, but how far do you need to go to make it “perfect” for a buyer? Below are some facts and tidbits we recommend when we hear the question, “should I upgrade my house before selling?”
Fix the Broken:
Buyers typically do a quick first walkthrough of a home and if they notice anything broken, damaged or on its way to “trashville,” they see dollar signs and usually abandon ship. If your roof has shingles coming off, or the faucet is leaking, tiles are cracked, the appliances are broken – we recommend you fix these things before putting your house on the market to get the biggest bang for your buck. If you’re not in a place where you can financially take on these burdens prior to listing, we can also write the repairs into the sales agreement.
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Find A Costly Approach to Bigger Repairs:
Let’s talk kitchens and baths here. These two rooms typically help sell a home if they are in good, upgraded condition. However, let’s say your kitchen hasn’t been touched since the 1980s and other comparable homes for sale in the area have upgraded kitchens. We don’t recommend you drop $20k on a kitchen remodel. First of all, the new buyer may not have the same taste as you do, and secondly, there is a more cost effective approach. Update the appliances (they don’t have to be top of the line), swap out cabinet hardware and even update light fixtures. A buyer will see that you’ve started the process and it will be less overwhelming for them to think about redoing the rest. Yes, you will put some money into it, but not nearly as much as an entire remodel.
First Impressions are Important:
Another way to tell if you should fix something or not is if it’s one of the first things a potential buyer will see when they walk in the door. Is the grass overgrown or dead in certain spots? Are the banister rods on the staircase cracking or need to be painted? If it’s something a buyer will see the minute they walk in the door, fix it!
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The Other Approach:
If you’ve read the above and don’t want to deal with any repairs or shelling out anymore money, you can always sell your house as is. Do keep in mind that the price will need to be lowered not only for the amount of work that needs to be done, but a buyer will want to see a slightly lower price than just the cost of the repairs to make it worth their time and effort to fix everything.
We are ready to help you sell your home and will partner with you every step of the way to make sure you’re completely happy with your sale. Contact us today!
If you’re thinking about buying or sell a home, contact us today to see how we can help!