If your home needs some minor or major repairs done to it this can impact the likelihood of an easy sale when it comes down to it you may not be able to get the selling price you wanted. Regular maintenance of your home can prevent the longer-term more expensive problems.
It is important that you are honest with your buyer about any major repairs that need doing, this will make it a lot easier to negotiate a price rather than leaving it until they find out from a surveyor at a later stage, this would make things worse for you and them. The potential buyers that will be interested in a house that needs repairs would probably be one of the following:
- Landlords who would most likely repair it then rent it out
- Developers who’s job it is to ‘flip’ houses
- Flippers people that aim to buy the property low, renovate it and then sell it for a high price
- Those who want to buy in that area but can’t afford a fully renovated property
Beware of those who do this as a job as they will want the best possible price so that they can make a profit, so make sure you get all your facts ready to retaliate towards particularly aggressive buyers.
If you are not wanting to deal with all the hassle of dealing with negotiations and difficult buyers then you could always sell your property through Auction, they will charge fees but a plus with selling at auction is that you can set a reserve price of what not to go lower than meaning it can only sell for higher than this. Ensure that you set a realistic reserve price or you will not get any interest.
There are also some smaller things that you could do before trying to sell your property to make sure you get the best price for your home;
Paint
This can be a large task depending on the size of your property but is one of the most affordable ways to spruce up your home. You should do this both on the inside and outside of your home, choosing neutral shades as this is then likely to appeal to the majority of buyers.
Lighting
Good lighting is key in selling your property quickly, clever lighting will help to make spaces in your home seem bigger and ensure the best features are seen making the property more inviting.
Flooring
If you are able to get rid of any dated carpets especially if downstairs do, in an older property they may be hiding some beautiful hardwood floors. Uncovering these would add so much appeal to your property, if you have uncovered them or have hardwood floors already make sure you treat them, sand them, buff them and polish them to ensure they look their best.
Kitchen and Bathroom
The kitchen and bathroom situation can be make or break for many buyers, re-fitting both of these rooms would probably be out of the question for many people but some minor tweaks can go a long way. A fresh coat of paint, replacing any missing or broken fixtures or tiles will definitely impact the buyers first impressions of the property. It is very important that you do a deep clean of these rooms, as dirty bathrooms or kitchens will have a huge impact on what a viewer thinks of your home.
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