Selling a house is always easier when the property is in good shape, but let’s be honest: Prepping and making repairs prior to your house hitting the market can be a major headache. Just take a second to think about:
- finding reputable contractors;
- haggling on price;
- getting them to show up to complete the work;
- shuffling around the inevitable mess;
- oh, and coming up with the cash to pay for everything.
Despite the nuisance, most people know how important it is to show a house in its best light – 83% of sellers invest in repairs before listing. If you are getting ready to sell your property, chances are that you’re going to have to invest in repairs, too.
Before you book your contractors and put money down, here are a few pitfalls to avoid:
1. Don’t spruce up select parts of the house, and ignore others.
Repairs can be expensive, so for some home sellers, that might mean focusing on “more important” repairs, and forgoing others. You ask some family members, “Will potential buyers even notice that bit of chipping paint in the living room?”
People are walking into your space trying to envision themselves in it, so they’re looking at every little detail to give them that “at home” feeling. Additionally, if potential buyers spot minor cosmetic issues that you’re trying to play off as normal, they’ll immediately ask themselves, “Whoa, what else is wrong with this house that these folks aren’t sharing?”
PRO TIP: Tap an inspector to go through your home, and provide you with a rundown on what needs attention prior to listing.
2. Hold your contractors accountable.
After weeks of searching for reputable contractors, you finally find one that will show up and actually do the work. Hooray! They review the project, and give you an estimate of five days. Sounds reasonable, right?
That is … until day five comes around, and your living space still looks like a jungle of sorts. Your contractor is going to need three or four more days to get everything in order. Ugh. More money. More mess. More time. More headache.
PRO TIP: Request a timeline from your contractors before you hire them. Once they’re on the job, ask them how the project is coming along after each work day.
3. Don’t fall prey to DIY repairs.
YouTube and Pinterest can be a home seller’s dream, but they can also be a nightmare. One wrong move, and you’ll end up a #PinterestFail – costing you more time and money than you had anticipated.
PRO TIP: If your brother-in-law’s girlfriend is an expert painter – by all means, DIY away. But, if user-generated online content will serve as your guide, you’re better off hiring professionals.
What if you could avoid the tough stuff and reap the benefits?
Sounds too good to be true, right? Believe it or not, Knock is the only company that will manage and pay upfront for up to $10,000 in repairs and then settle with you at closing. Knock helps you avoid falling prey to the pitfalls outlined above. That’s right, Knock will handle the repairs to maximize your sale price and you get the upside.
Just watch below.
Ready to make moves? Start here.