Many home owners have found it a necessity to put off minor home repairs, finding a way to just live with the issue at hand. For example, a dripping faucet in the bathroom can be easily overlooked instead of repairing it, keeping those couple of extra dollars in your pocket. However, when it comes time to sell your home, what may have been minor and livable to you could be unacceptable to a potential buyer.
The tendency to postpone repairs if they don’t disrupt your day-to-day living brings with it a tremendous list of “things-to-do” when it comes time to sell. In today’s real estate market, sellers are less likely to to find a buyer who would be tolerant of a dripping bathroom faucet or a flickering light in the closet.
One of the biggest mistakes home owners make when it’s time to put their home on the market is to overlook the small things, often not seeing them because they have become so used to living with them. Repairing the roof or eliminating a leak in the basement are on the top of a home owners list, but when it comes to a home inspection, the minor things will show up as well. Experts recommend that home owners keep at least $5000 in the bank for repairs that may show up the home inspection, but just one issue like getting your electrical wiring up to code could eat up that entire amount. This is just one of the reasons why it is in a home owners best interest to complete minor repairs as they happen instead of waiting until it’s time to prepare the home for sale.
In addition to making sure that the home is in tip-top shape prior to putting it on the market, a homeowner should also consider upgrades that will help to entice a potential buyer. Upgrades and enhancements could include changing the flooring, new paint, kitchen upgrades or changes like cabinet knobs, and making sure the lighting in the home will show it in its best possible light.
In today’s fluctuating housing market, home owners must do everything they can to help their home sell, from minor repairs to major fixes. No matter how small the problem may seem to you, it could be the difference of a potential buyer making an offer or not.