If you are planning to put your house in the
market, it is expected that you will face competition. There are already hundreds
of ‘for sale’ houses in your area that you might think to fix your house before
putting up the ‘for sale’ sign to set it above the rest. Fixing up means either
repair or renovation and there’s a big difference between the two. Repair can
be refer to fixing up a broken water system while renovation can be refer to
applying a new paint color to any part of the house.
While fixing up can boost your house’s sale ability,
it requires time and money. Before you make any decisions, think of your target
buyers and how much fixing up will do.
Target
Buyers
Do your buyers need a fixed up home? In your area,
check the houses that were sold for the past six months. Are they being fixed
or renovated before they got sold?
Some buyers prefer a house that requires a little
repair. Usually, they are the ones who don’t qualify to buy a more expensive
house or they simply want to ‘personalize’ the house. Some buyers are house
flippers; they are the ones who want to make a profit by fixing the house
themselves.
How far
would you go?
While minor repairs are not a problem, over-improving
can be an issue. Buyers will normally look for the least expensive house in the
most expensive and desirable subdivision they can manage. If you overdo your
renovation, this will put your house at the top of the market from the pricing
perspective. It’s not bad but it’s also not the best place to be from a selling
standpoint.
If the cost of improvement won’t return the
investment, it may be unwise to go through with an upgrade. You can sell your
house as is and still make some money. Sell your house for cash to private property investors.
Lucas Properties buys houses in any condition. You
can walk away with cash in as short as seven days. Contact Lucas Properties
now.
There are many difference in fixing and selling.
ReplyDeleteFixing requires time and money for boost your house’s sale ability. If you are going to buy or sell your home you will suffer many problem , don't worry homestead Road is a company where people can buy or sell house directly from owner at best price.