Congratulations! You’ve made the first step towards getting your house sold: you’ve admitted that you have an ugly house. Much like ugly babies, acceptance is the hardest step. Now that you’ve done so, you are wondering what to do about it. Should you try to update your home? Even more important, will it be worth it in the end?
You could pour your money into a home to update it. Not only do you need to put in all the work to complete the updates, but you’re not guaranteed a return on your investment. And the last thing you want to do is actually lose money because you were just trying to get your house to a sellable state.
The biggest misconception about this process is that it is the only way. But that is just not true—you have options! Keep reading to learn why renovations may not be the answer for your ugly home, and what other options you have available.
Your Selling Situation Is Unique
One size does not fit all when it comes to selling your home. Understanding the circumstances and pressures surrounding your situation is what will help you decide if you should avoid renovations altogether. Your time frame and money is one of the many aspects to consider.
Let’s Talk About the Money
Money is crucial to understanding your options for selling an ugly home. You should always evaluate financial goals with the home before making a decision. Are you looking to sell at or above market value? Do you have money set aside to complete updates? How much are you willing to invest?
Renovations may be completely out of the question if you don’t have a budget to even work with. Sometimes, you just need a fair deal so you can get the house out of your hands fast. However, even if you have a budget to work in, your repairs may be way out of the ballpark for what is worthwhile for you. Some repairs are just too crucial for buyers to look past, but too much money for you to fork up.
The Type of Renovation Matters: Extensive or Cosmetic
No renovation is created equal, so understand the type of repair you are looking at. Cosmetic fixes, such as a fresh layer of paint, are less cost and labor. These are ideal fixes that produce a great return when trying to sell your home.
Unfortunately, what may seem like an easy cosmetic fix could end up being a lot of work—or even worse, an extensive repair. That crack in the wall may need more than putty to be repaired properly. Full kitchen remodels, foundational work, and re-routing plumbing are just a few tasks that we recommend avoiding if you are trying to just get the home off your hands.
How Much Will You Get Back? Getting a Fair Offer
More Coming Soon!