So you got the report and it says you passed but there are still some concerns that you want to address. How important are they? Which should you address first? Which must be addressed and which would just “be a good idea”? Here is all the information you might need to make the best choice:
- use your best judgement: there is a lot of information abound that says that what is important to you will also likely be important to most home buyers. If the roof looks terrible and the inspection says it “could use” repairs and you have the budget for it – that would be a good place to start! If there is something on the list that you would never notice and that isn’t a priority….it probably isn’t important to prospective buyers either.
- Look at “bang for the buck”: you might be able to address 10 smaller concerns for the same price as one major concern. Depending on the just how major or minor they are you are probably better off addressing 10 instead of just 1. If the 1 is a huge issue and will likely keep the house from being sold the address it first and then the others as budget allows.
- seek professional advice: ask your inspector, realtor or a contractor you trusts. In all cases go with someone you trust and that is experienced in the area to address your concerns. In a high end area the concerns will be different than in a more affordable area. If your realtor is selling 1 house a week he/she is probably a good resource – is he/she sells 1 house a year – probably not so much. It is likely that you are totally out of touch with the current real estate trends so don’t just do what you think is best if everyone is telling you otherwise here. The goal is to make the house sell faster and for top dollar – not to make it look like that cabin you visited when you were 12…..grow up!
- he who hesitates is lost: as a home sits on the market longer and longer the likelihood that it will sell fort the asking price dwindles down to nearly zero. This is for more that one reason but a major factor is that buyers think “if nobody else wants it then there must be something wrong with it. Don’t waste those valuable first days and weeks limping along with issues that should have been addressed already. Get them fixed upfront and don’t end up having to sell for less than you want or need because you didn’t want to spend a few bucks upfront.
Remember – this is going to be someone else’s house soon and they want to live in it and enjoy it as much as you did. Make it easy on them and your realtor by addressing the concerns that will mean the most to the buyer and make sure you get the home ready to sell before it hit the market!