Selling houses is no longer a piece of cake. People are more careful when choosing the house they buy. They want the best value for the money they will spend. Other than that, if you sell your houses today, there will be a lot of competition. Since there has been an increase in the housing stock that has caused foreclosures and the market downturn, you will definitely have to do something to give your houses an edge.
One thing you can do is make repairs before you rent the property. This will help you improve the functionality of your home, making it more attractive to your buyers.
A buyer can easily be put off by homes that appear to be troublesome rather than workable. This gets worse when the problems are visible. That’s why it’s important for homeowners to fix up their homes before they sell. This is one of the best tools to encourage buyers to buy your home.
Here are some of the major repairs that need to be done:
1. Carpets: 98 percent of real estate agents recommend renewing or deep cleaning carpets. Typical repair cost is $500 to $800. Performing this repair will generate a return on investment of over 154%, which equates to between $1,532 and $1,950.
2. Floors: 94% of real estate agents recommend repairing damaged floors. The repair cost is $600 to $800. If you do this, there may be a return on investment, amounting to $1600 to $2000.
3. The electrical and plumbing repair of this system generally costs between $400 and $600. However, it can offer a return on investment of 164%. 93% of runners recommended this repair.
4. Walls: About 88% of real estate agents recommend painting the walls. The typical cost to remodel a wall would be between $600 and $900. There is expected to be a 147 percent return on investment if this is incorporated into their presale strategy.
5. Kitchen and Baths – Typical repair costs are $1400-$1800. Doing this will result in a return on investment of 121@. 87% of agents recommend this type of home repair.
This data is taken from the results of the Home Gain survey. More than 2,000 agents from different parts of the country participated in this activity.
Of course, the repair you need to do is not limited to just the top five broker recommendations. He can still fix your screen doors, straighten a crooked mailbox, repair your roof and clean your gutters. There are many things he can do to increase the value of your home and speed up sales. The important thing here is that you can list your homes and give them features that a buyer will see as something of value.
Repairs are an additional cost when selling the property. However, it has huge positive effects on sales. In addition, this avoids delays in closing.
