Does your Beverly Hills real estate for sale need a new paint job? Is there a cracked window, a hollow-core door with a hole, or even a torn window or door screen?
If so, correcting those problems before you put your house on the market can save you dollars in the long run.
You might be able to paint the house for $1,000 – especially if you have some do-it-yourself skills. Buyers will assume that it will cost much more. If they’re really interested in the house, they may even get a bid – and of course it will cost far more for a professional to do the job.
The same can be said for replacing a window, repairing a torn screen, replacing a faulty light fixture, or any of a hundred small things that detract from your Beverly Hills real estate looking “move-in ready.”
Whatever it will cost you, buyers will assume that it will cost twice that much – or more. If they still want the house in spite of needed repairs, they’ll deduct that cost from their offer.
How Much a Beverly Hills real estate Fix Up Really Costs
But that’s not all…
Those who don’t shy away will first consider the cost of the repairs, and deduct that. Then they’ll consider the financial factor of having to wait to move in or the annoyance of having to live in the house with repairs in progress.
So if they think that $1,000 job will cost $5,000, they might well deduct $2,500 or even $3,500 from their offer.
If the buyers make the purchase contingent upon specific repairs, you’ll have limited time in which to get them done. In addition, you’ll probably be required to have repairs made by a licensed professional. That means you can’t do it yourself and can’t take the time to ask for bids. You’ll have to go with the first contractor who has time.
The conclusion: If there are repairs that you can make or repairs that you can afford to have done, do them before you list the house.
Your Beverly Hills real estate will not only sell faster, it will sell for more money.