A common question homeowners face when “selling as-is” is whether they should renovate or leave their homes as-is.
There are many variables to consider when weighing the renovate/sell-as-is option, including your renovation budget, desired completion date, season, and more.
We will discuss the advantages and disadvantages of “selling as-is” your property. Keep reading
How Long Do You Have To Wait to Sell Your Home?
While major overhauls may not be feasible if you’re in a time crunch, smaller projects can still give your home the face-lift it needs without delaying your sale date too much.
Plan the renovations so they will be finished a few weeks before your deadline. It allows some time for unexpected delays to have the house in show-worthy condition by your deadline.
Take a look at the current market and consult with your real estate agent while setting your timetable. If your deadline to sell is during a period when it’s unusual for houses to be sold, buyers may be more likely to seek homes that require little or no work.
Pros And Drawbacks Of Renovating Or Selling As-Is
Repairs are often a last-minute addition to the selling price and may significantly alter your timeline. There are advantages and drawbacks to both options. Let’s have a look at each side:
Renovating Pro: How to Increase the Value of Your Home
A clear advantage of completing certain home renovations is that attractive upgrades can lead to an increase in the value of the property. Upgrades that make your home more appealing to buyers can help you sell it faster and for a higher price.
It’s also a good idea to tour other homes for sale in your area to search for different features they may not have or might still require.
You may get a substantial return on investment by making some of these improvements in your house and surpassing the competition at a higher price point.
Con: You’re Probably Not Going To Receive 100% Of Your Costs Back
Before investing any cash in renovations before putting a property up for sale, it’s vital to remember that you will not necessarily recoup 100% of your expenses in the sale.
Roughly, you’ll get back approximately 56% of what you put in on average in your renovating costs–which isn’t always terrible news. Although not being able to make a full return may seem like a loss, keep this perspective in mind:
If you stick to smart improvements that make your house more marketable to a larger audience, you may be able to sell faster. It may even result in cost savings because the longer you wait to sell, the more you pay for maintenance.
Sell Faster And At Less Cost As-Is
One benefit of selling as-is is that you may sell faster. Selling as-is might still be a viable option if you need to complete a task on a deadline.
It can save you a lot of time and money. If your home needs significant repairs, it can take months to get everything fixed – and the cost of those repairs can add up quickly.
Selling As-is can help to attract investors who are looking for a fixer-upper. These buyers may be willing to pay more for a property they can renovate to their liking.
Work With The Best Cash Home Buyers And Have Peace Of Mind
We’re not agents or a listing service at OC Home Buyers. We’re direct and experienced cash buyers who pay in full.
We’re different from other companies because we buy houses in any condition and in your time frame. Plus, our process is simple and fully transparent.
If you’ve been searching to “sell my house fast in Orange County” at OC Home Buyers, our goal is to buy houses that need a little extra love and make them into dream homes for new buyers to make lifelong memories in.