How To Manage Common Home Repairs
Whether you live in a sprawling mansion or a tiny studio apartment, there are some repairs that you cannot avoid. The problem, however, lies in ascertaining if it makes sense to fix them or sell the house As Is. Here is a list of common repairs and what you should do:
Houses with multiple problems
If the house is fairly old with multiple problems, it’s best to sell the house AS IS to a cash home buyer. For example, you may have spent hundreds of dollars on a new roof, but repairing internal problems like mold, damaged drywall, insulation caused by the leaking roof can be very expensive. Even if you go ahead with the repairs, you are still required to list them on the seller’s disclosure notice or face legal consequences.
Prospective home buyers wouldn’t be enthusiastic about paying top price for homes that have undergone major repairs, especially when those are related to internal leakage or roof repairs. Rather than haggle with them, it makes sense to avoid spending on repairs and sell the property to a real estate investor.
Homes with important, but not expensive repairs
Sometimes, you may not need to fix the entire house. But on most occasions, the repairs may not be extensive or expensive. For example, re-piping, installing a new HVAC system, and electrical work are important, but not as expensive as fixing a leaking ceiling. Some flaws are cosmetic and not a cause for concern. If you are planning to sell the house, and fixing them could increase the value of your home, you should go ahead and fix them.
If you cannot afford the repairs, or you do not want to be bothered about the extra work and time, it’s best to sell the house. At Area Code Home Buyers, we buy houses for cash – any condition and location. We’ll close when you’re ready and buy the place as is!