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What's on my mind...

Beyond the Basics - Don't skimp on repairs

5/23/2012

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As many of us know, selling a house is a lot of work. It means cleaning, de-cluttering, packing, and it also sometimes means funding some repairs and updates before putting it on the market. Although no one wants to spend money on a house that they're not going to live in, it behooves us to make those changes and prepare for the sale properly.

Remember, when  you list your home, it  becomes a product for sale. And if you think of it that way, you will understand that any product in good working condition can and will, be sold for more money than one that is not. Leaving repairs or updates for new owners will also leave you with less money in your pocket. The price must accurately reflect the need for these repairs because no one will pay top dollar for a house that needs work.

Even cosmetic changes tend to bring in more money to a seller. New bathroom, kitchen or lighting fixtures are relatively inexpensive, but those changes go a long way in updating the look of a space. Paint continues to be one of the least expensive but highest impact changes you can make. Window treatments and other cosmetic changes can transform an outdated space to an up-to-date dream home.

Before you list your house, get a home inspection so that you can address any major issues ahead of time. Talk with a professional, like your Realtor or home stager, about changes you can make that are within your budget and will give you the biggest impact. Don't spend money needlessly, but make the changes and repairs that make sense and reap the benefits in a higher sale price.


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