\u00a0–<\/span><\/p>\nKeep in mind that there are certain repairs homebuyers usually aren\u2019t interested in, even if they want to buy a fixer-upper. For example, some buyers will draw the line at homes that require foundational repairs. If moving walls or replacing a roof is necessary for your home to be lived in, your pool of buyers will narrow significantly.<\/p>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” background_color=”#edf7f3″ custom_padding=”32px||32px||true|false” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” header_2_text_align=”center” header_2_text_color=”#38505b” header_2_font_size=”2.63rem” header_2_line_height=”3.75rem” max_width=”800px” module_alignment=”center” header_2_font_size_tablet=”32px” header_2_font_size_phone=”27px” header_2_font_size_last_edited=”on|phone” header_2_line_height_tablet=”3.75rem” header_2_line_height_phone=”32px” header_2_line_height_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n
\u201cSome sellers sink too much money into fixing up their homes or spend money on unnecessary or unnoticeable repairs before listing them.\u201d<\/h2>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”||24px||false|false” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.3em” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” global_colors_info=”{}”]<\/p>\n
Pros and Cons of Making House Repairs<\/b><\/h3>\n
Sellers will discover that making repairs on a home before selling comes with both pros and cons. The pros are as follows:<\/p>\n
\u00a0–<\/span><\/p>\n\n- <\/span>Completing repairs can significantly increase the amount a buyer is willing to pay for your home (by as much as tens of thousands of dollars).<\/li>\n
- <\/span>Mortgage lenders may be more likely to approve a mortgage loan for a home in good condition, which increases your pool of buyers.<\/li>\n
- <\/span>A home that has been updated or repaired may be more attractive to buyers, which increases the odds of multiple offers.<\/li>\n<\/ul>\n
\u00a0–<\/span><\/p>\nMeanwhile, the cons of making house repairs are:<\/p>\n
\u00a0–<\/span><\/p>\n\n- <\/span>There is no guarantee of a return on your investment (that is, you could sink money into repairs and not get this money back in the home sale).<\/li>\n
- <\/span>Repairs take time to complete, with major repairs taking weeks or even months before they\u2019re done.<\/li>\n
- <\/span>The seller will likely be responsible for the cost of all out-of-pocket repairs.<\/li>\n<\/ul>\n
–<\/span><\/p>\nMost Important Things to Repair Before Selling a House<\/h2>\n
If you\u2019ve decided that repairing your home is right for you, take a look at the most important things to repair before selling a house. We\u2019ve divided the most important repairs into two categories: major repairs and minor repairs. Major repairs typically take longer and are more expensive but may be necessary if you want to sell your home. Meanwhile, minor repairs are usually quicker and cheaper but can go a long way.\u00a0<\/p>\n
\u00a0–<\/span><\/p>\nMajor Repairs<\/b><\/h3>\n
Plumbing issues<\/strong><\/p>\nPlumbing problems can lead to serious water damage, which in turn, can cause dry rot and mould. The cost of repairing plumbing issues depends on the extent of the damage, how long it\u2019s been left unaddressed, and the source of the water. If you\u2019re lucky, plumbing issues may be limited to one leaky faucet or a toilet that won\u2019t stop running. No matter the severity of the issue, addressing plumbing problems is usually worthwhile if you want to sell your home.<\/p>\n
–<\/span><\/p>\nElectrical problems<\/b><\/p>\n
Electrical problems are serious, even life-threatening matters. One problem with your electrical system could lead to a fire that damages the home or worse. The cost of electrical repairs varies significantly, so it\u2019s best to contact an electrician for a quote. Some are inexpensive, like fixing a faulty light switch or frayed wiring, while others, like rewiring your entire home or replacing an old circuit breaker, are more expensive.\u00a0<\/p>\n
–<\/span><\/p>\nHVAC issues<\/b><\/p>\n
Your home\u2019s HVAC system (which stands for heating, ventilation, and air-conditioning) is vital to the comfort of those who live there. However, new HVAC units can be expensive, costing anywhere between $3,000 and $12,000. Therefore, many buyers won\u2019t be willing to purchase a home if they know they will need to pay for a new furnace or air conditioner after moving in. Of course, most sellers also want to avoid this hefty expense. If the HVAC system in your home is giving you trouble, contact a qualified HVAC technician to visit your home and assess the system. They can determine if it needs to be replaced or if a repair will do the trick. HVAC repairs typically cost far less than HVAC replacements.<\/p>\n
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Roof problems<\/b><\/p>\n
An old, cracked, or damaged roof can significantly reduce the value of your property \u2014 especially since they are so costly to repair. If your roof is clearly in need of a fix, you might be wise to repair it before listing. While roof repairs are expensive, they have a good rate of return by adding major value to your home.<\/p>\n
–<\/span><\/p>\nFoundation flaws<\/b><\/p>\n
Foundation flaws should always be addressed by sellers if they want to sell their homes for the highest possible amount. Issues with the home\u2019s foundation put the structural integrity of the property at risk. Although these repairs can be expensive, they are usually worthwhile.\u00a0<\/p>\n
–<\/span><\/p>\nLack of safety features<\/b><\/p>\n
If your home is missing important modern safety features, like smoke or carbon monoxide detectors, make sure you right these wrongs as soon as possible. Not only are certain safety features legally required but your home\u2019s safety will likely be assessed during a home inspection, so the odds of a buyer not noticing are slim to none.\u00a0<\/p>\n
–<\/span><\/p>\nMinor Repairs<\/b><\/h3>\n
A fresh coat of paint<\/b><\/p>\n
The first example of a minor repair that can go a long way is giving your home a fresh coat of paint. Repainting is one of the cheapest fixes a seller can do and it almost always leads to a return on your investment. Repaint the entire home if you can. However, if you don\u2019t have time for that, pay close attention to walls, doors, or trim with chipped or peeling paint. While you\u2019re at it, make sure to remove any wallpaper or decorative borders. When repainting, choose neutral colours that will complement your home\u2019s staging, attract more buyers, and allow buyers to envision themselves in the space. Ultimately, new paint can completely transform a home, making it look cleaner, fresher, and more modern than it did before.<\/p>\n
–<\/span><\/p>\nReplace old countertops<\/b><\/p>\n
Replacing old countertops is a more expensive minor repair but one that may be worthwhile, especially if yours are outdated. A kitchen is the most important room in the home and has the ability to make or break a sale. Within the kitchen, appliances and countertops are everything. So if you’re going to do repairs anywhere, focus on the kitchen and start by replacing old counters.<\/p>\n
–<\/span><\/p>\nInvest in brand-new appliances<\/b><\/p>\n
As mentioned above, kitchens sell homes. A key part of kitchens is appliances. Appliances should not only work properly but should elevate the space. So if yours are old or broken, now might be the time to replace them. You\u2019d be surprised how one noisy fridge or old dishwasher can impact the value of your home.\u00a0<\/p>\n
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