What Repairs Should I Make Before Selling My House?
December 23, 2018 | kcallender
Home Repairs on a Budget & Other
These home repairs won't cost you much to complete, and are easy enough for most homeowners to do on their own.
A Fresh Coat of Paint-
Brightening up your walls can be a great way to freshen up your home. A fresh coat of paint is als a very cost effective and budget friendly option to liven up any home. You should go for lighter neutral tones when you are selling your home. These colors tend to help a home sell faster than bright colors that everyone might not like.
Simple Kitchen Updates-
Kitchens and bathrooms will get the most attention from potential buyers. These areas usually have a great return on your investment and can really help sell a home. That doesn't mean you have to gut them and install everything brand new either.
In the kitchen look for minor repairs that need to be done. Things like loose hinges, missing drawer or cabinet handles, and chipped counter tops. If you cabinets have seen better days, consider giving them a facelift with a fresh coat of white paint. This gives them a new modern look.
Easy Bathroom Repairs-
In the bathroom you should replace any cracked and discolored caulking. depending on your budget and time it is a good idea to replace all of the caulking so that it is a consistent color.
Replace any leaky faucets and make sure all the drains are flowing fast and smooth. You can round out the bathroom upgrade by replacing the toilet seat and putting in a new shower curtain.
More Expensive Options
These repairs tend to cost a little bit more, but they are worth the time and money if you have the money to do them.
Hardwood flooring is a big plus for home buyers. If your floor is scratched and worn they can be a major turn off as well. It can pay off in the end when you refinish your hardwood floors. Keep in mind this can also be a big and costly job. The same thing goes for worn out and dingy carpet. Stained ripped and worn carpet can make a house look like it wasn't cared for. New carpet is also a great selling point as well. Who knows when you pull up that carpet you may even find beautiful hardwood flooring underneath.
Make sure you pay attention to the outside o your house as well. your homes curb appeal is the first thing that people see when they come to your house. well kept landscaping and a mowed lawn can go a long way towards setting the right impression. Other things to consider are, replacing door handles and locks, painting fences or adding a splash of color by painting the front door.
If you have a home with old single pane windows, or they are broken and looking their age, it may be worth looking at putting in new ones. New windows are a huge selling point for buyers. When buyers look at homes with older windows they are counting and adding up the cost to replace them when they move in and this can detract from the amount they offer.
How to Take Out a Loan for Home Repairs
If some major repairs are in needed before you sell your home, it may be possible to get some help with the funding of the project(s). You have options like a 203k loan to get the funds you needs to get the updates done. This will allow you to get your investment back when you pay off the loan when the house sells.
Your other options can be a home equity loan or line of credit if you have enough equity in your home to do so. These types of loans let you get the money from any equity that you have in your house (up to a certain percentage) and will be paid off when you sell your home as well. S
Get Advice Before You Sell
Before you start making any major changes to your home, you should reach out to your real estate agent. The can give you the advice you need on what should be done and what won't pay off for you in the end. Everyone is different, and other factors like the market and area can have an impact on what you should do to get top dollar for your home.