What To Fix Before You List
With housing prices down across the country, there are a lot of homeowners barely breaking even on their respective home sales. Some are even losing money.
You may find yourself in that position, too; wanting to sell, but worried about bringing cash to your own closing.
It creates an interesting dilemma. You want your home to “show nicely” relative to comparable properties, but you don’t want to invest big dollars that may never be recouped into upgrades or renovations. So what do you do?
The answer is simple. Do the bare minimum.
From an advice piece in the Wall Street Journal, we learn of 10 basic home improvement projects that will help your home have better showings. The advice requires almost no technical skills, and the projects be tackled in a weekend.
The theme? Handled your home’s delayed maintenance.
- Repair or remove screen doors with holes and tears
- Pressure wash windows, sidewalks, and siding
- Paint your front door and polish the doorknob
- Pull weeds, seed bare spots, and lay down mulch
- Touch up holes, dings and cracks in paint
- Clean grout and re-caulk sinks, bathtubs and showers
- Buy new cabinet hardware
- Fix leaky faucets and toilets
- Spray lubricant on squeaky doors
- Get clutter into storage and out of the way
Now, you’ll notice that none of these projects can be considered “major”. By contrast, each is minor; they’re the items you’d add to your to-do list for work on “another day”. However, they’re extremely important for a home that’s about to be listed.
Here’s why. A prospective buyer doesn’t notice that the above repairs were made. He only notices if they weren’t made. When a buyer sees ripped screens or chipped paint in your home, it makes him wonder what else hasn’t been cared for. This is the why you should also hire an exterminator prior to selling your home. If a buyer spots a trail of ants in your home, it’s unlikely you’ll get an offer.
You don’t need to spend big bucks to get your home ready for sale, but you may to use apply elbow grease. The good news is that time spent up-front can be worth it in the end. Homes that show better tend to sell faster, and at higher prices.
How To Screen For A Good Home Contractor
Home remodeling projects are expected to top $130 blllion this quarter, their highest total since Q1 2008. A likely catalyst is that the average cost of a home improvement project is falling fast.
With the economy loosening up and contractor costs on a downswing, some homeowners are choosing to put money back into their respective homes, and making home improvements. If you’re among them, you’ll want to make sure you’ve properly screened your contractor.
In this 4-minute piece from NBC’s The Today Show, you’ll learn tips for picking a good home contractor. The advice is mostly common sense, and worth heeding. For example:
- Only select registered/licensed, and insured contractors for work in your home
- Don’t automatically select the lowest bid; you may want to discard it instead
- Communication skills matter. You must be able to express your wants, and have that message understood.
And lastly, if this is your first time working with a particular contractor, be sure to ask for references and follow-through on them, too. Sometimes, past customers can tell you more about a contractor than you can learn yourself.
