Houses are sometimes not worth listing for sales, especially when they have many repairs to be done. Most sellers always find it difficult to sell their fixer-upper because there are multiple options available for them to pick. Those who buy only do that because they have little or no options. It could also be because of the scarcity of houses around that place.
However, whatever the case may be, you can be sure that the agent or the buyer will devalue the fixer-upper house. This means you will end up making little to no gain from your property. This can be disheartening if you hope to use the earning to pay for a loan or finance other projects. Instead of listing your house directly, some options are available to consider to increase the value and attract more buyers.
CLEAN UP YOUR YARD
You do not need to add a landscape to your house before the value gets increased. This is not a bad idea if you have the money for it; however, simple cleanup is not bad. It can even go a long way in increasing the value of your home. No buyer will want to pay a high amount for a building filled with weeds and long grasses. You can mow your grass, clean up the weeds, and plant some flowers and adding gravel to your yard. These few cleaning can go a long way in attracting the right buyers and increasing your house’s value.
GET RID OF DIRT
A dirty environment can put off your potential buyers not to talk of the dirty interior. A dirty window can go a long way in either reducing your home’s value or even getting buyers disinterested in your property. A dirty window has the potential to have damaged frames. Also, window sills can give your house a bad shape. You can keep your house in shape without buying new amenities; simple cleaning of the floor and window can help your house sell faster.
Leaving faulty house parts for your buyers is not a wise decision. This is because it will cost them twice as much as it will cost you when doing the repairs. This is why several buyers get put off at the sight of even minor damages. Patching holes, cleaning stains in tubs and toilet, fixing leaky pipes, doors and hinges, replacing cabinet knobs and treating carpet stains. All these can give your house a new look, and you will be surprised how buyers will become eager to buy when they see the building.
RENOVATION LOAN OPTION
Some buyers prefer to buy a fixer-upper that has loan options attached to it. This means the seller will provide the option of a loan for the intending buyers. It makes it possible and easier for the buyer to handle the repairs, even if the seller is not interested in doing them. However, it is important to check the buyer’s credit score and see if he or she fits into the loan options available. Also, buyers do not accept a greater loan than the value of the house. This will only run you into unwanted debts.
All these options can help your property rank more than the others. It will attract better agents and buyers who are willing to pay more for the house.