When you put your house on the market, you want to make a sale as quickly as possible, and get the best price you can. Buyers are generally looking for one of two extremes – a fixer-upper that they can buy cheap and completely remodel, or something that’s perfect and ready to move into right away. If your house is in mostly good condition, but there are a few repairs and renovations that need doing, that can be a big disincentive to many prospective buyers. So where should you focus your efforts? According to home improvement experts Porch, the five most important areas to look at are:
- Wooden decking
- Vinyl sidings
Here’s why it’s worth investing the money.
You get the best return
Most of these repairs will return around 80% of your costs. In other words, if you spend $10,000, you’re adding $8,000 to the value of your house. It may feel like you’re effectively losing $2,000, but think of how much it could be costing you to have your house sitting on the market for months. If you’re investing in energy-efficient windows, you may be able to recoup more than you spent. You may be eligible for tax credits, and it could be an important selling point. Reduced power bills is a hugely attractive feature, and you can put a clear monetary value on it. And if the work is new and still under warranty, that’s another plus.
They’re the tasks that buyers don’t want to do
Most people are prepared for some disruption when they move in. However, ripping out windows and doors is probably more than they’re prepared for. They don’t want contractors starting work just as they’re settling in, so this becomes something they need to do before the move. That means either negotiating with the mortgage company for extra funds to cover renovation, or having enough spare cash to pay for it up front. Either way, it’s a major hassle. Don’t let your prospective buyers start thinking about everything they’re going to have to tackle to get the house up to the standard they want. Take care of all the repairs yourself, and focus on showing them the good points instead of minimizing the problems.
You get instant appeal
Most buyers make up their minds about a property within the first couple of minutes. After that, they’re trying to justify their decision. New, clean, bright windows will immediately make your home look smart and well maintained, from the moment your buyers first pull up in your driveway. And as soon as they step inside, the interior will look light and welcoming. Right away, they’ll be in a positive frame of mind. So make it easy for your buyers to choose your home, and take care of the repairs you’ve been putting off. Replacing your windows will help you sell your home faster and get the best price. It’s also worth pointing out that the other items in Porch’s top five list include remodeling your kitchen and bathroom. We can help there as well – take a look at our other site, Cabinets By Rice and see what else we can do for you.