Sometimes putting off home repairs can escalate over time, leaving you with a project that is too difficult to handle on your own. It can also create a costly situation that is not worth the time and money. How can you sell your house in this condition? It can be challenging to convince a buyer to purchase a home that is in need of a significant amount of renovations. Contrary to popular belief, it is possible to sell a home that is in a less-than-perfect condition. Below are 3 options you have for selling you house when it is in need of repairs.
1. Sell the House ‘As-Is’
For a property in poor condition, repairs and renovations can be a costly and laborious endeavor. You may not have the time to put into fixing up the house before selling it. It will also require a significant investment of money upfront. If you do not have adequate savings or finances are so tight that you can barely afford your mortgage every month, selling it ‘as-is’ could be your best option.
If you decide to do nothing and sell the house ‘as-is,’ you may still be required to disclose details about the condition of the house. In Arkansas, certain conditions do not have to be openly disclosed, but cannot be deceitfully answered when asked about directly. In this situation, the buyer will purchase the house knowing that it will require a significant amount of initial renovations.
Even though you may decide it is not worth investing in repairs to the home, deep cleaning the house is a great way to improve the overall appearance without spending a lot of money. Taking the time to declutter and organize will make the space look larger. Thoroughly cleaning the house (such as the carpet, kitchen, and bathrooms) can also help the house to look newer. One of the best investments you can make is enhancing the landscaping. The front yard is the first impression of the house and can make a big difference in the buyer’s perception of the property.
When selling your house ‘as-is’ you will want to reach out to a trusted professional home buyer to ensure you are getting the best price for your property. 365 Property Buyers is dedicated to providing you with a fair offer the first time with no “low ball” offers. We will buy homes in any condition and will with work with you no matter what situation you are in. For more information, contact us here.
2. Perform Minor Repairs and Cosmetic Updates
Sometimes a small amount of time and money can go a long way when it comes to fixing up a house. Minor repairs can often be done by yourself and will not require the work of a professional. Many small jobs pay off by increasing the value of the home. These repairs include the following:
- Replacing light fixtures or faucets
- Refinishing cabinets or countertops
- Swapping bathroom vanities
- Swapping door knobs and hinges
When making the cosmetic updates, try to choose colors and designs that are neutral and traditional in order to appeal to everyone. Carrying out these repairs will not only enhance the image of the property, but it will also decrease the list of tasks needed to fix up the house, making it seem more feasible to a buyer.
3. Invest in Necessary Major Repairs
If you have the time and money, you may decide you want to invest in the major repairs in order to get the most money out of your house. This option is only advised if you are willing to do most of the renovations yourself and have the resources to do so. Just because you increase the value of the home, that does not always mean you are increasing the profit you will make. You need to wisely consider all of your options before taking on a project you are never able to complete. When performing major renovations to the house, here are some ideal places to start:
- Upgrading the kitchen
- Upgrading the bathroom
- Replacing appliances
- Upgrading your HVAC system
- Roof replacement (if your roof is at the end of life)
- Repairing or replacing flooring
If your home is in poor condition, you may feel as if you will never be able to sell it. There are many ways a house in poor condition can be sold. You may decide to invest in minor or major renovations before putting it on the market, or you could simply want to sell it ‘as-is.’
At 365 Property Buyers, we buy homes in Arkansas in any condition. Before you make any decisions about what to do with your home, receive a fair, no-obligation cash offer from us. We can guide you in determining what options are best for you. For more information, contact us today!