3 Major Maintenance Issues That Can Hold Up a Home Sell In Eugene
In 2018, most homes stayed on the market for an average of 70 days before selling. While the housing market has definitely seen worse numbers (140 days was the average in 2010 after the bubble burst), two or three months without an interested buyer can feel like an eternity.
There are numerous uncontrollable reasons a home sale stalls. For instance, some house hunters might not find the neighborhood as appealing as it used to be or the schools in your area have received low rankings. However, there are many reasons why your home isn’t gaining traction that you can control. Here are three of the most common ones — and how to fix them.
Repairing or replacing a roof is one of the most expensive repairs a homeowner will face — it’s also inevitable. If you are trying to sell a home with an older roof or one that is damaged, you may have a hard time getting buyers interested. You can address this by:
- Getting a quote from a reputable roofing contractor for the repair and knock that cost off the price of the house.
- Asking your home inspector to give you a detailed list of the roof issues so you can be upfront with potential buyers; for example, an inspector can find leaks, missing or broken shingles, and signs of mold or mildew.
- Making the repairs or replacing the roof before you put your home on the market.
Fixing or replacing a roof is one of the biggest home-related expenses, but it’s not the only major upgrade that will make your listing more appealing.
Depending on the situation with your home, fixing a faulty foundation averages $5,838. The foundation of a house is the literal foundation of a home. If it is cracked, bowing, settling, or leaking, then prospective buyers will likely start to back away. Make sure this doesn’t happen to your property by:
- Hiring a foundation inspector to tell you which fixes are essential to your home’s ROI.
- Making sure the fix addresses the root of the problem, as opposed to just postponing further damage down the line.
- Checking water-damaged areas for mold, mildew, and algae.
The stability of your home matters when it comes to how quickly it will sell. If you want to get an offer close to your asking price, you should consider repairs to what is in the home, too.
Making your home more energy-efficient can appeal to buyers for two reasons: it holds the promise of lower utility bills and it helps people feel better about their carbon footprint. Creating an energy-efficient household is scalable to how much you want to invest. It can be a major upgrade with substantial expenses like buying:
- All new energy-efficient appliances.
- Upgraded electrical wiring and panels.
- Energy-efficient doors and windows.
You can also make an impression on potential buyers with less expensive upgrades, such as:
- Updating outlets, switches, and electrical controls.
- Installing energy-efficient lighting fixtures.
- Adding outdoor and security lighting.
Whether you make major upgrades or aesthetic ones, addressing electrical concerns can really boost your home’s appeal to buyers of all ages.
When it comes to deciding which maintenance repairs to tackle on your property, it’s important to think through your priorities. Some people prefer to sell a home quickly and don’t mind taking a financial hit, while others want to maximize the ROI on their investment. Decide what is most important to you and that can help you determine which repairs to make.
Author- Natalie Jones
Natalie and her husband, Jason, recently bought their first home. She hopes to make the process of buying a homeless scary for first-timers by sharing what she and Jason have learned along the way.