Real Estate: Is The Fix-Up Worth It?

 Addition Renovation

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BOTH THE FAMILY HOME AND YARD ARE TOO BIG for the two of you. With the children grown and on their own you want to sell then buy a home with real estate that is smaller, easier and less costly to maintain. And now that you’ve decided to sell you also want a fair price and a speedy transaction. Are there things you can do to make that happen?

Of course, if you have time to wait, the money to spend and limitless energy there are a myriad of things you can do to create excitement, sizzle and glitter for the house. Perhaps a recreation room, gym or other amenity could be constructed, or a swimming pool or ice skating rink installed in the backyard. But for many the prospect of lengthy periods of time, hefty expenditures and exhausting effort to prepare a home for sale are problematic, to say the least. Moreover, costly improvements not only may be unnecessary, they may not sufficiently raise the value of the home to justify the expense or the time to complete them.

So what can be done to improve the chance of a quick sale, if anything? Assuming the home and yard are not in need of major repairs (such as leaking roof, structural damage from uneven settling, collapsed cesspool, etc.), are in mostly presentable condition and other things are equal, having tasks performed that generate a comfortably neat home and yard appearance should suffice. For example: Cleaning, painting and sprucing up the home’s interior and exterior; the lawn seeded/ mowed/ edged; bushes/ trees trimmed and pruned; and flower beds weeded. Such undertakings are often minimal cost items that should aid in producing an attractive first image for your home.

Still, an older home that has been maintained in good condition with serviceable though passé appliances, out of style cabinets/ wallpaper/ carpets and/or similar detractions may meet with buyer resistance. In such a situation a negotiated mutually agreeable price adjustment could be the equalizing factor that helps develop the sale. However, markets for real estate and houses differ. In some locales price may be less important than pizzazz. Elsewhere the yard size, number of bedrooms or other factors/ elements/ issues may affect a sale. For these reasons a qualified and reliable real estate agent familiar with your area should be considered to assist you through the process.

Nonetheless, in many neighborhoods an attractively maintained home in good condition selling at a fair price is usually viewed as being in a great position to be placed on the market.

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Need consulting, coaching or problem troubleshooting regarding other single-family or multi-family housing issues? We’ll be pleased to help you. Visit us at the Inhouse Corporation website or contact us at inhouseco@aol.com

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Blog Terms of Use and Disclaimer: The purpose of this blog is to promote awareness and general discussion of the presented topic. Use of this blog shall be the reader’s agreement this blog is not a substitute for the advice of a qualified professional and each action that may be taken shall be under the specific guidance and oversight and/or performance of a professional qualified in the subject matter. If you have a question or want assistance with a featured or related matter please contact us at InhouseCo@aol.com (include the blog article title on the subject line). Links, references and credits in this blog are for convenience only and are not endorsements by the author or Inhouse Corporation. Statements and/or opinions of guest authors may or may not reflect those of Inhouse Corporation.

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One Response to “Real Estate: Is The Fix-Up Worth It?”

  1. USHUD Says:

    USHUD

    Real Estate: Is The Fix-Up Worth It? | Inhouse Corporation Insights

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