HOW NOT TO LEAVE MONEY ON THE TABLE WHEN YOU SELL (Hint: Let us do our job for you!)
How much should you spend on fix-up before selling your house? This is the question asked the most by the home sellers. Often, they do not want to go through the hassle of cleaning up the house and making repairs or cosmetic updates. It is inconvenient at the least, not to mention the labor and capital involved. They ask because they hope for a magical answer… that their homes will sell for top dollars, no work required.
If I tell you this, I’ll be lying. However, I can promise your home will fetch top dollar by adding two words – no work required “by you.”
When it comes to pricing your house for sale, the number is always a moving target, depending on who the right buyer for your house is. Very few owner-occupant buyers have the cash to fix up a house after spending a fortune to make the biggest purchase in their life. This is why they are willing to pay top prices. You also have investors and flippers… the worse-off the house is cosmetically the better, since it gives them a bigger margin to work with.
Your house can use some updates if you want to capture the potential equity yourself, but how much should you spend? After all, the last thing you want to do is to over-improve the house beyond its market value or incur the additional upkeep in the process such that you do not get your money back.
We recommend that you make updates costing half of the value added to make it worthwhile.
For example, in one of our most recent listings, the sellers are an elderly couple with two small dogs. The house has become too much work for them, especially with their pets. Their plan is to build and move into an ADU (additional detached unit) at their daughter’s home. They utilized the Reliance First Concierge service and sold their home for $20K more over the weekend, for a cost of $10K, which they paid at closing with the sale proceeds.
If you want to know the value of Reliance First Concierge, contact us for a free consultation. The Reliance First Concierge service includes:
Seller home warranty coverage
Staging
Deep cleaning
Decluttering
Cosmetic renovations
Landscape maintenance
Plumbing repair
Interior and exterior painting
HVAC repair/maintenance
Roof repair
Moving and storage
Pest control
Seller home inspection