Did you know that, on average, homeowners lose out on receiving about $15,000 on the sale price of their homes if they leave $5,000 worth of repairs undone before listing their homes for sale? According to reporting at US News, it’s true: buyers will pay more for move-in ready homes than they’ll pay for homes that need work.
The main takeaway here is simple. If you want to sell your home that needs some minor repairs, you’ll definitely want to take care of them in order to maximize your final selling price. Here’s a list of four things you should fix before you sell your home.
1. Repair Leaks and Water Damage
Leaky water heaters, faucets and air conditioners can lead to massive problems with mildew and mold contamination. You definitely want to avoid those value-killers, so it’s wise to repair any problems that result in water damage immediately. Professional providers can help you repair or upgrade any faulty HVAC equipment.
2. Insulate Your Attic with Fiberglass Insulation
If you have an attic and it isn’t insulated already, you’ll more than likely end up further ahead if you take care of getting it insulated before you list your home for sale. According to the annual remodeling report, homeowners tend to get back 116% of their investments when they perform this task.
3. Replace a Battered Exterior with Manufactured Stone Veneer
If the façade of your house has seen better days, it’ll likely pay off for you to repair the problems before you put your house on the market. If you need to replace the façade completely, consider doing the job with manufactured stone veneer. If you spend about $7,500 to install new stone veneer, you’re likely to recover somewhere around 93% of what you shell out for the job at the time of resale.
4. Replace a Damaged Front Door
You know what they say about how crucial curb appeal is when selling a residence, and the front door is an integral part of that all-important curb appeal. It’s likely that you’ll be able to get back upwards of 80% of the cash you spend on a new front door.
The exact figure varies slightly depending on where you live and what material the door is made of; apparently, it’s a bit easier to recover the cash spent on a steel door than it is for a fiberglass door, as homeowners tend to be able to recover around 91% of their costs on a steel door versus only 82% of their costs on a fiberglass door.
By now we’re positive you’re convinced of the need for repairing your home before you list it for sale. We hope you’ll maximize your home’s selling price using this brief checklist we’ve provided. Best wishes for a speedy and profitable sale.
About the author: Anica Oaks is a professional content and copywriter from San Francisco, California. She loves dogs, the ocean, and anything outdoor-related. She was raised in a big family, so she’s used to putting things to a vote. Also, cartwheels are her specialty. If you need professional help with your HVAC systems, Anica suggests you check out the services of HELP Plumbing, Heating, Cooling and Electric.