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Increase the Value of your Home with Home Repairs


Most sellers are aware that repairs around their home can help their home to sell faster and perhaps for even more money, but it can be confusing to determine exactly which repairs will provide you with the largest return while eliminating other improvements that may not provide much benefit.

When considering home improvements in order to sell your home it is important to keep several factors in mind that can affect how much of a return you receive on repairs. These factors include:

  • Other homes on the market

  • State of the local real estate market

  • Where the home is located

  • Time of year

Keep in mind that every home and every market is different. Obviously, if there is some part of your home that is in great disrepair and is an eyesore, it would behoove you to take care of that matter as promptly as possible in order to make sure it does not turn off buyers.

In general; however, there are some features which may help to boost your profits more quickly than others.

Flooring

Even if your floors are not in disrepair, replacing them could prove to be a financial advantage when selling your home. If your home already has hardwood flooring but they are covered by carpeting, consider having the carpeting removed and the floors refinished. Hard wood floors are tremendously popular with buyers right now.

Walls and Ceilings

If you have lived in your home for awhile you may have grown accustomed to the walls and ceilings and as a result you may not have noticed cracks in the ceiling and stains on the walls. You can be certain that buyers most certainly will notice; however. You can easily combat these problems by having the walls and the ceilings freshly repainted. Cracks can be easily repaired with the fiberglass tape and joint compound then touched up with paint. When painting your walls and ceilings, do make sure you stick with neutral colors and avoid anything that might turn off a buyer.

A number of homes today still have wood paneling left over from decades ago. While it was popular at the time, that is no longer true today. The good news is that wood paneling can be removed or painted.

The same is also true of textured ceilings. ‘Popcorn’ ceilings were wildly popular a couple of decades ago, especially the kind with sparkles. Today; however, buyers know that these types of ceilings can contain asbestos. Make a point to get rid of textured ceilings and then repaint.

Improvements in the Kitchen

The kitchen can be one of the most important areas in which to focus improvements and repairs. In fact, it is often said that a kitchen can sell a home on its own. Two areas to give attention are cabinets and appliances. If the cabinets are in poor condition and the appliances are outdated and/or do not work, you will need to replace them. This can be a large expenditure; however, it is important to keep in mind that kitchen repairs and remodels can provide nearly a 100% return on investment. You need not go to the high-end route; however. Even a minor kitchen remodel can provide excellent returns.

If you simply cannot afford a complete makeover or your cabinets and counter tops are in fairly good condition, you can still upgrade your kitchen without spending a ton of money. For example, with cabinets you can resurface them for less money than installing new cabinets. Another option would be to simply repaint them and install new hardware.

The Exterior of your Home

Curb appeal is tremendously important to buyers so it is always important to make sure that your home looks attractive and well-maintained from the exterior as well. Options to give your home a boost include:

  • Planting flowers

  • Repairing and painting fences

  • Caulking windows

  • Resurfacing driveways

  • Patching cracks in sidewalks

  • Replacing doorknobs

Of course, if the roof is in disrepair, it is also a good idea to consider having it repaired or replaced as well. This is another area that could be costly; however, a roof that is in poor condition will most certainly drive buyers away rather than invite them in to see all of the wonderful interior features of your home.

Considering the number of homes currently available on the market from which buyers can choose, sellers can do well by considering steps needed to give their home a fresh, modern and well-maintained appearance.


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