Determining Which Repairs To Perform Before Selling Your Home

6 October 2017
 Categories: Real Estate, Blog

 When it comes to putting your home up for sale, you may be considering doing a few repairs to help get it ready for the market. These repairs may be an additional expense, which means you'll want to determine which repairs are right for getting your home ready to sell. The following considerations can help you to determine which repairs to perform.

Project Costs

Major renovations and repairs can be expensive, so consider coming up with a budget to determine which repairs you can afford. For example, you may not be able to afford a new roof, but you may be able to make some minor repairs to the roof that can prevent leaks from coming into the home. Other repairs, such as patching small holes in the walls, are things you can do on your own at a minimal cost

Scope Of Project

The scope of each project is important to consider, as some repairs may take a considerable amount of time. Adding a new roof or replacing your siding can be time-consuming projects, and you'll want to ensure they are complete before listing your home. With incomplete projects in the works while your home is on the market, some potential buyers may overlook your home. If you are hoping to sell your home fast, you may want to skip the lengthy repairs in exchange for lowering the asking price on your home.

Potential Impact On Selling

You should ask yourself what type of impact will the repairs you perform have on selling your home. A renovated kitchen can be a great selling point for potential home buyers, and a new roof complete with a manufacturer's warranty can help to sway a buyer in your favor. Repainting brightly colored walls can help potential buyers envision themselves living in your home. Before you undertake any major repairs, talk to your real estate agent. He or she can help you to analyze the cost versus the impact on your home's ability to sell. You may find that some repairs you thought were necessary aren't all that critical for getting your home sold. Ask your real estate agent to walk through your home with you so you can work together to determine which repairs you should do right away and which ones you can leave up to the new owners. With the right repairs, you can help to sell your home more quickly and get the asking price you had hoped for.