Determining what repairs or enhancements need to be done prior
to listing your home and as a result of the buyerís inspection
can be a difficult decision. Here are a few guidelines to help
you with these decisions.
Letís be honest; we all know of things that need to be repaired
or enhanced in our homes. But, do they need to be done prior to
listing the house for sale? Many sellers have unnecessary repairs
done prior to listing while missing necessary repairs. Follow
these steps to an informed decision:
- Complete the enclosed home evaluation form with as much detail as possible.
- Contact Handy Hadley and request their professional evaluation
of your home. Give them the evaluation form you completed.
The professional evaluation will include issues that need
to be resolved, may need to be resolved, and a line item estimate
for each. Keep in mind, this is not an inspection, but will
help you determine what work if any needs to be done.
- Have your realtor and a Handy Hadley representative meet
with you to determine what repairs/enhancements need to be
done. Donít make the mistake of leaving your realtor out of
this meeting. Your realtor is a professional who knows how
best to sell your home. Some repairs to not pay for themselves.
Your realtor will be key in making an informed decision.
Some repairs need to be done prior to your home going on the
market. Others can be done after your home is on the market. And
some can wait until they are noted on the buyerís inspection.
Handy Hadley and your realtor will help you determine the most
cost effective timeframe for your repairs to be completed.
There are many contractors to pick from. You may have a friend,
relative or neighbor who is in the home repair industry. The timeframes
and requirements revolving around the sale of your home present
a unique set of circumstances that most contractors are not aware
of and cannot handle. Handy Hadley specializes in home repair
for homes being sold and purchased. If you chose to use another
contractor, be sure they have a track record and quality references
from the real-estate industry.
It is important your contractor fully understands the type of
repairs that need to be done. As the old saying goes, "there are
multiple ways to skin a cat." So there are multiple ways to complete
many home repairs. It is hard for some contractors to understand
that the seller is the customer but the potential buyer is who
will judge the work. The buyerís perception of the workmanship
could influence their purchase decision. Be sure your contractor
understands your timeframes. Missing a deadline could impact the
sale of your home, costing you more than you saved by going with
the "lowest price".
A licensed tradesman (electrician, plumber, and heating and air
conditioning) must do some repairs, especially those required
by the buyer before closing. Your contractor should know and understand
the local and state building code regulations so you donít have
any unexpected delays at closing.
When talking with contractors, ask if they are insured. If so,
ask the specifics of their liability limits. They should carry
a minimum of $1,000,000 or the value of your home. Are they bonded?
You will be more comfortable knowing the contractor has been approved
for a bond prior to letting them in your home. Have they had any
complaints filed against them? Check your potential contractorís
Business Bureau file.
You may be thinking that you could do the repairs yourself. Sometimes,
depending upon the repairs, DIY (do it yourself) is a great way
to save some money. But, it is important to be aware of local
building codes and requirements. Be honest with yourself about
your abilities. Donít let the quality of repairs cause a potential
buyer to lose interest. A lost sale could cost significantly more
than having a professional complete your repairs. Finally, do
you have time to get the work done? Delays in getting your home
on the market could cost you a potential buyer.
Donít let the cost of repairs keep you from having the work done.
Your realtor can help you determine what needs to be done to maximize
your return on your house investment. As with many things in life,
there is a balance. Your realtor and selling team can help you
find the perfect balance for your home in your area
in your market.