Selling Your Home?
Relax! 5 Things to Not Bother Fixing First, Selling your home? Then you've likely had that rude awakening where a real estate agent tours your home and breaks some tough news: Your house needs work before it goes on the market.
For starters, you'll have to fix the boiler. And paint. And replace those outdated cabinets ... the list might go on and on.
Given that all these tweaks cost money, you might wonder: Do I have to do everything?
Many of these fixes are indeed necessary, says Kathleen Kuhn, president of HouseMaster, a national chain of home inspection offices.
'Any defect or condition that affects the intended function or operation of a major house system should be fixed,' she says. This would include taking care of leaks, built-in appliances not functioning properly, insect infestations, plus any imminent safety or environmental hazards.
But beyond that, it's up to you: Sure, the nicer your home looks, the more money you'll likely be able to fetch when selling it. But not all improvements you make offer the same return on investment. Here are some fixes that some experts say you can pass on without too many repercussions.
1. Fixing cosmetic damage
'They are going to want to know that the electrical and plumbing systems are up to grade and that the utility bills are decent,' says Webb. If the home's structural issues are sound and the 'bones' are good, then you can let the surface stuff slide.
2. Updating kitchens and bathrooms
The reason: Many buyers these days look forward to remodeling these 'fun' areas—plus, trying to second-guess what they want and have it there waiting for them is just plain unrealistic, given all the home decor styles there are to choose from today.
'Maybe you favor a French provincial kitchen and he or she likes Scandinavian modern.' 'People have very different ideas about what a perfect kitchen is or what a perfect bathroom is. It's a big risk, and unless you know your exact buyer, it's better not to guess. The next person will impose their own dreams on the house anyway.”
3. Doing partial fixes
4. Repainting in trendy colors
The reason: Color trends come and go so fast, what might look great today will look dated tomorrow or, even if they're totally hip, might not appeal to large swaths of buyers anyway.
'Bright colors are really trendy right now, but they don’t appeal to a wide audience.' So if you must paint, 'keep things neutral,' advises Hancock. 'Odds are the buyer is going to paint the house how they like it anyway.”
5. Renovating beyond your neighborhood's norm
“No matter how much you try to have the jewel house to live in, you aren’t going to get the return on the investment if the rest of the neighborhood doesn’t match,' Webb says. So check out your neighbors' homes and plan accordingly. It’s important to choose an agent you are comfortable with and can provide the knowledge and services you need.
If you’re interested on a wealth of information to help you get started visit Precision Realty & Assoc. LLC or if you prefer a more personal touch, reach out to a us, CALL 801-809-9866 today. The decision to buy or sell is a personal one that depends on your financial situation, future plans and lifestyle.
Price your home
Your agent will research sale prices on other comparable homes in your neighborhood to help you set your sale price. It’s important to get the price right the first time.
Blog Archive2018-12-05 08:02:12
In 2019 Mortgage Payments to Jump 8.4%
Financing for Manufactured Homes Coming
Tale of Dual Markets
Need to Sell Your Home this Winter?
Buyers Pull Away From New-Home Market
Mortgage Loan Limits to Rise in 2019
Home Buyers and Sellers Should Watch in 2019
Townhouse Construction is Expected to Increase
Cities With Oldest, Youngest Homeowners
Overall, December is the Best Time to Buy a Home
Sluggish Home Sales came to an end in October
How to Pet-Proof Your House for the Holiday Guests
10 Great U.S. Ski Towns
A Way to Keep Aging Parents Close to Home
Huge Mistake to Take Your Home Off the Market for the Holidays
Best Mortgage Advice I've Heard, Ever
Tips to Help You Avoid a Rental Scam
Buying a Home?
Mortgage Rates Rise this Week
Cheaper the Home
Building Credit History From Scratch
How to Get a Mortgage Without Freaking Out
Home Prices Are Decelerating Not Falling
First-time Homebuyers Transition from Renting
Click here to see ALL articles.