When thinking about selling your home, you might find yourself wondering if you should remodel it or sell it “as is.” Like anything in life, there is not always one clear-cut answer. While there are many benefits to remodeling a home before selling it, sometimes selling it “as is” makes more sense.
Keep reading to find out why.
Benefits of Remodeling
If you are selling your house and it needs updating, then there may be some benefits to remodeling it before you sell.
Buyers Want a “Turn-Key” Property
Most buyers in the market would like to get into a “turn-key” property. That is, one that is updated and ready to move into. Many buyers cannot visualize what they would do to improve a home, nor do they want the hassle or expense to do the work on their own.
Remodeling Can Be Quick
Many homeowners think that a remodel will take too long, and they are eager to get the house ready for the market. That is not always the case. Remodeling can sometimes have the opposite effect and save you time when selling your home. Updated homes are known for selling more quickly than those needing work. You will want to focus on updating major living areas and try to get the work done before the prime selling season – late spring and early summer.
Remodeling Can Pay Off
Remodeling can raise the value of your home and pay off in the end. But you will want to be strategic about it. Focus on remodeling the right areas of your home that homeowners pay the most attention to.
One area to focus on is the kitchen. Even minor upgrades can pack a payoff punch by raising the value of your home. These include adding a
fresh coat of paint to the walls, updating lighting fixtures and faucets, and replacing handles and knobs. Those things make your home feel fresh and modern and appeal to buyers.
Why Selling it “As Is” Might Make More Sense
Just as there are benefits to remodeling your home before selling it, there are also reasons you might choose to sell it “as is.”
Time is of the Essence
Perhaps you just landed a dream job out of state. Or someone in your family is ill, and you have decided to move somewhere to be with them. Whatever the reason, you may need to sell your home quickly.
If that is the case, you might not have the time or energy to renovate your home before putting it on the market. However, you’ll have to price it accordingly on the traditional market.
You Cannot Afford the Renovations
Selling your home “as is” is sometimes the only option for those that do not have the money to pay for renovations. If all your cash is tied up in the property, and you are not in a position to spend money on fixing up your home, selling “as is” is the best option for you.
Avoid the Hassle of Showings and Staging
Some people do not want to hassle with showings or staging their home. Let’s say you have small children or have a health issue that slows you down. Or perhaps you do not want to spend your free time worrying about selling your home.
Whatever the case may be, you might find yourself wanting to sell “as is” to skip the hassle of showing and staging your house. If that’s the case, looking at companies that buy houses for cash might be a great option for you. They can purchase your house quickly and without a hassle for cash.
Are You Ready to Sell Quickly?
Contact us today!