SELLERS
Fill out this Confidential Request Form and we will contact you within the next business day. Repairs That May Help Sell Your Home Most sellers know of some repairs that need to be made to their home, but not all repairs are equal or, rather, not all home improvements rank high in the buyer’s mind. Finding out which repairs may help you sell your home helps you create a good, solid fix-it list to work on. According to one study, the top four areas to focus on are: clean and de-clutter, lighten and brighten, stage the home for sale, and landscape Here is a break-down the ROI for the top four repairs we’ve seen that are top on the list. Cleaning and de-cluttering can create a 578 percent ROI (the highest return was 837 percent in the West). The ROI for staging a home was 340 percent (this category ranked second in the South and Mid-West). Landscaping the front and back yards, brought in a 415 percent ROI. According to a survey, each of these repairs range in cost from a few to several hundred dollars but can return thousands in profit. Rounding out the study’s top-ten list of repairs are: Repair electrical or plumbing problems, replace or shampoo carpeting, paint interior walls, paint exterior walls, repair damaged flooring, update kitchen and bathrooms. Of course, routine maintenance can help too. “Not washing the windows is something so simple but a big mistake that homesellers make - Another top mistake is covering up or neglecting care of the floors. “If they leave a dirty carpet on the floor that would be a mistake and a key strategy for staging a home is to, “lift up the carpets and show off those nice floors — give them a quick shine and clean them up first.” When you make the above repairs costing approximately $5,000 - $8,000, reports state that prices, for example, on a three bedroom, two bathroom home can result in price increases: in the West, as high as $22,762; in the East, as high as $23,532; in the South, $21,470; in the Mid-West, $20,279. The areas of the home for repairs that bring the Homeowner the greatest return on their money has been seen to be: Bathroom & Kitchen upgrades and for the buyers concerns when purchasing is always, the roof, electrical, plumbing and A/C. Be sure to keep these areas maintained and show receipts if possible for maintenance and repairs. “With homes sitting on the market longer, homeowners should do everything they can to sell it quickly and at a price they expect the market will handle. However, homeowners in a Pre Foreclosure position may not want to spend as much money and just do the staging and clearing of the home so it is not cluttered and show’s well. Obviously, having your home available to show at any time from daylight to sunset is a way never to miss a potential buyer! ****************************************************************** |
