Should I fix up my house or sell as is?. This is a question that most homeowners who would like to sell their property ask themselves quite often. Is it a valid question to ask? Yes because house maintenance and renovation is an expensive at can definitely take up a lot of your income if you decide to do it. However, do you need to do it in order to make the sale?
In most situations, the answer would be a resounding affirmative. However, certain circumstances warrant a whole owner’s decision not to fix up the house before selling to be the best option.
In this article, you will find out the special factors that can help you decide whether or not to fix your house before selling.
The Various Advantages of Having Your House Fixed Before Selling
1.Fixing Your House Will Increase the Market Value
If you fix your house before selling it to a buyer, chances are he will be able to increase the value of the property significantly which means that you can sell it for a higher price.
2.A Long-Term Money Saver
You will also be able to save more money if you fix the house incrementally before selling it instead of doing it all in one go. Doing some renovations as one big project can cost a lot of money, but if you choose to do it over time, you will be able to save a lot more cash and change the façade of the property to your liking even more.
You will not have the problem of the time crunch if you fix your house earlier before selling it.
3.It Will Attract More Buyers
It will also increase the chances of you getting more buyers because of how the property would look both on the outside and inside as well. If you are able to maintain your house properly prior to selling it, word of mouth will spread and you wouldn’t even have to promote your property for sale. People will come around your backyard asking for the price the moment you start putting it out into the market.
Selling the House As It Is
If you’re pressed for time and do not have much to use for waiting on the potential buyer, you can also sell the house as it is. There are many Real estate companies that will be able to get your property without you shelling out money for renovations. These establishments will be the one to take care of everything for you.
However, the problem with this is that you may end up selling that property below market value which would have you getting the short end of the state when it comes to the deal.
You will also be able to save more money because you don’t have to spend too much on renovations if you don’t fix it prior to selling. However, the downside to this is that it may take longer for you to sell the property.
Should i fix up my house or sell as is?. With all these factors available to you, the answer to the main question in this article truly depends on the situation. If you have more time and you are willing to invest on renovating the house for the sale, then you should definitely give it a shot. However, if you want to do the transaction quickly, you can also take the “selling it as it is” option, albeit for a lower price. The decision is entirely up to you.