Thursday, June 26, 2014

To Fix or Not to Fix?


When you’re getting ready to sell your home, that is always the question. A rule of thumb to keep in mind is that a house in good condition will sell faster than one that needs work.

Low-cost, minor improvements that increase the appeal of your home are always a good idea – you want to be sure it looks like the house has been well taken care of. Patch nail holes and repaint, fix or replace damaged flooring, repair plumbing leaks, replace outdated light fixtures, clean out and reseal gutters, and keep up with the yard and garden.


Beyond the basics, ask yourself these questions when deciding what to fix:


What is the market like? In a seller’s market, you may not need to do much. In a buyer’s market, you might have a long list of repairs and updates to make in order to keep your house in the running.


How fast do you need to sell? If you must sell quickly, you’ll probably need to make the necessary improvements so your house is move-in ready. If you have time to test the market, you can hold off on pricey fixes and see how your house fares as-is, knowing you have the option of repairing those things later on – if you’re not getting the offers you’d like.


What is the condition of comparable homes on the market? If other homeowners have prepped their houses to move-in condition, you may need to do the same.


As your real estate professional, I would be happy to discuss how to best prepare your home for the current market in our area. Please contact me at your convenience!

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