I have been renting my house in PA for the last 3 years and am ready to sell. I know it is in rough shape but I'm not sure how much money to put into it before listing. It could use new carpet and paint, there is also some wood rot on the three-seasons room. Will I make more if I fix everything first?
Asked By Alpa R. | Goshen, CT | 345 views | Selling | 1 year ago
Hi Alpa. I always ask my clients what their priority is. If it is timing, perhaps an “as-is” sale is appropriate. If it is maximizing your profit, then doing a few repairs/upgrades may be in order. An experienced local Realtor will be able to advise you best on the current market and what to do. Best of luck!
Hi Alpa, it depends as always. First thoughts, if you take care of the obvious defects, it will enhance your value a lot. As interest rates have increased, people have gotten picker on what they buy, places that a few months ago were selling very easily as-is now are having a hard time so there may be a difference in pricing that may not be acceptable to you. Once you discuss with your agent, you can make a game plan knowing the numbers as-is and knowing the numbers when rehabbed or cleaned up. Its not always clear cut, sometimes there is strong enough demand that going on the market sooner may help more than waiting. You need all of the data to make a good decision.
Dont ever advertise "As-is" it gives the wrong impression that there are major issues with the house. Be willing to negotiate with the inspections in the form of credits or repairs. That is the best way to get the best price. Good Luck.
It’s always hard to gauge without seeing the property but for example if it cost you $2500-$5000 to bring the house up to pristine shape and it would allow you to make 2x-3x on your money would it make sense.
Have you gotten a realtor to come out and take a look? This might help make all the difference.
-Briahna Savage
Licensed Realtor NY, & PA
[email protected]
If you are preparing to sell your home, you might have a list of repairs and renovations to complete. Making these upgrades can increase the desirability of your property and potentially speed up the home sale. At the very least, making repairs before selling your home can prevent delays in closing because the buyer won't find major issues during
On average, homeowners spend $5,400 improving their homes before listing them for sale. They invest in landscaping services, pressure washing, deep cleaning, and other improvements to make the property more desirable.
Most upgrades strike a balance between fashion and functionality, which means some improvements might make the house more aesth