Looking to Sell Your Home? Home Improvements vs Home Repairs

Home Repairs

Home Repairs

Anyone looking to sell their home is undoubtedly looking to get the best asking price possible. As a result, altogether too many homeowners spend a great deal of money on home improvements. However, many of those improvements don’t actually add any real value to the home and could very well be a huge waste of time and money. Before selling your home and doing all kinds of unnecessary (and costly!) work, it is in your best interest to know the very real difference between home improvements vs home repairs.

Home Repairs Are Necessary

There is no getting around the fact that some home repairs are absolutely necessary before listing your home for sale. For instance, does your roof leak? If so, get it repaired if it is new enough to have several years of life yet but if it is nearing the 20 year mark, the usual lifespan of a roof, then it is better to find a good deal on a reroofing job. Is all the plumbing in good order and are all the doors and windows intact and weatherised? If so, you may be ready to sell your home.

Some Home Improvements Add Value

Then there is the overambitious homeowner who wants to add value to the home in order to mark the asking price up by thousands. This may be a grave error in judgement as only some improvements will add any real value after the cost involved in making and paying for those improvements. Some homes are in neighbourhoods that don’t have outdoor pools, for example, so to add one on your back lawn would most likely not add any real value because your home is valued based on a number of factors amongst which is the price other homes in your area sold for in recent times.

Merging Home Repairs with Home Improvements

Here is something to think about. When your home needs a home repair and an improvement over what is currently installed would add value, you may wish to consider an upgrade. One good example is that roof mentioned above. Perhaps you’d consider adding energy efficient roofing material that helps you maintain climate control within the home. Or perhaps you’d like to add a loft conversion at the same time to give your home greater living space. If you need repairs in order to list your home for sale, take a little extra time to see if you can improve upon the functionality or the appeal which, in turn, will add value. This is a wonderful way to make a bit of extra money whilst offering a home that would sell much quicker!

If you are looking to sell your home, then, remember that there is a very real difference between repairs and improvements. Don’t make unnecessary improvements that won’t add value as it would be a huge waste of money. On the other hand, the best option is to make improvements whilst doing repairs because those very well could add value and ultimately what you will get upon closing the sale. That’s what you’re after so give it some thought.

Both comments and pings are currently closed.

Comments are closed.