Save some time, money, and the stress that’s inevitable during your home sale. We are big supporters of this.
We've put this guide together to help you out. We aren't inspectors but we have seen our fair share of homes and inspection reports.
The average annual maintenance cost on a house is 2% (of the home’s value reinvested). If this rule doesn’t hold true for you, please prepare yourself to invest the money you saved over the years into getting your home ready for the market.
Be mindful - a simple $5 valve may require installation by a $75 per trip charge plumber if ignored prior to listing only to be discovered during inspection. If you have any plans to perform (quality) DIY repairs, buy anything less than top-of-the line items or save a buck on any repair in any way do it now. Buyers won’t accept a seller trying to save a couple bucks when they’re agreeing to buy a house, whether it cost $100,000 or $700,000.
It may sound harsh, but think “perfection.” You must fix all items in disrepair, perform updating, and attend to all deferred maintenance to sell close to or at market value. Improvements in this category don’t really add value to your property. A seller can’t simply sell (to an owner occupant) unless you do these things. If the buyer sees any size crack, they think “foundation issue” and will be extremely careful if they decide to move forward with it. and remember, a handful of little things many times grows into a large issue in a buyer’s mind and sometimes causes them to think that the home was not maintained properly.
I’ve found that if you take a photo of a room and then look at it, you’ll notice more! If you see it, so will a buyer.
A large dollar expenditure in this category may be necessary. Buyers expect a good air conditioner (HVAC). A new HVAC could motivate a buyer to place an offer on your property. I cannot stress how good it is to have the AC serviced prior to listing your home. It costs around $250 (maybe more of you need a Freon refill) and is worth every single penny.
Remember - hold onto receipts and warrantees for work you get done.
No matter how much you do, an inspector will find issues (that's their job, plus a buyer needs to know exactly what they’re buying). A buyer will usually try to negotiate, just as we will when while buying your new home. Since you've disclosed every tiny thing possible, we now will see the benefit of this. Since a buyer will be aware of the quirks of the home ahead of time, repair on these items should not be asked for unless it was an agreed contingency on the contract.
At the end of the day, these are unavoidable factors of selling a home. Our goal is to maximize the number of offers, tighten down terms included in those offers, and minimize the number of inspection issues.