The Cost of Repairs---To Do or Not to Do?
Hmmm, What does that title mean? When considering how much work to do to prepare your home for sale, do you make every repair before your home is listed? Or is it better to leave some things undone for negotiation later? Good Questions! In the eyes of a Buyer, small repairs are usually magnified. They expect those repairs to be much more costly than they actually are. The Residential Specialist (an industry publication) reports that "For every $1,000 of perceived defect, the buyer will ask for a $3,000 to $5,000 reduction of the asking price...You want to know about the issues now, not when the buyer's inspector shows up." I think this disparity is especially true with a first time home buyer. They don't have the experience in home repairs to know which items are small items and easy fixes vs ones that require more labor or expense. So, if you are able to make the repair prior to placing your home on the market, it is a good idea to do so. The home loo...