Selling Your House Can be A Daunting Process.
We Want to Make It Easier.
Should I fix my house up and sell it for more? Or, should I just sell it as-is?
This is a question that we get all the time. We’ve dealt with it ourselves. The answer is more complicated than a yes or no. It has to do with your goals, risk tolerance, urgency and more. One factor most of our homeowners have to consider is the amount of needed repairs. Homeadvisor put together a list of repairs and data that we loved. Check it below:
Home Repairs That Cost The Most:
Water Heater Repairs $95 – $1,550
Electrical Repairs $81 – $1,000
Driveway Repairs $800 – $2,599
Asbestos Removal $500 – $5,000
Source: HomeAdvisor’s True Cost Guide – https://www.homeadvisor.com/cost/
Home maintenance and repairs cost on average between 2 and 4% of a home’s value.
For a $200,000 home, that’s up to $8,000 in repairs per year.
Take a Look at the Average Cost of Home Repairs.
HVAC Repairs: $75 – $1,800
NATIONAL AVERAGE: $370
There are two main parts to HVAC repair: electrical components and internal piping.
Typically, you can maintain your HVAC unit yourself – you can replace filters, fuse and clear drain lines. However, if you are unsure, call a professional.
You don’t want to risk further damage to your air conditioner or heater, which could mean a full HVAC replacement.
When your HVAC unit malfunctions and none of the DIY maintenance tips work, call a professional as soon as possible. This can prevent further damage and save you money on buying and installing a new unit.
Water Heater Repairs: $95 – $1,550
NATIONAL AVERAGE: $575
When you wake up to a freezing cold shower, you know it’s time to replace your water heater.
Before calling a plumber, find out if it’s gas or electric. That’s probably the first thing they’ll ask.
If your water heater is a few years old, you might be able to fix it. If it’s older than 10-15 years, it’s probably time to replace it.
Electrical Repairs: $81 – $1,000
NATIONAL AVERAGE: $334
It’s dangerous to work with electricity, so you should hire an electrician whenever you need repairs.
Electricians can diagnose and fix problems with lighting fixtures, electrical panels, wiring and switches, outlets, smart home automation systems, and fans.
Driveway Repairs: $800 – $2,599
NATIONAL AVERAGE: $1,670
You can improve your house’s curb appeal and make your car’s life easier by fixing your driveway.
The cost of repairing a driveway varies widely, depending on the problem and its solution. For sinking/buckling, cracks, potholes, and crumbling, different repair solutions are available.
Changing the driveway might be your best option if you’re thinking about selling your house, but it can be expensive.
Asbestos Removal: $500 – $5,000
NATIONAL AVERAGE: $1,984
Houses built before the 1970s may still contain asbestos, a cancer-causing material that was banned for use as a building material.
You should have your home inspected (especially before you buy) to see if asbestos is present. If asbestos is found, it must be removed by a professional.
Roof Repairs: $150 – $5,800
NATIONAL AVERAGE: $900
It can be difficult to pinpoint the source of a leak on a roof. The roof boards may be soaked with water, and signs of the leak, such as stains on the ceiling, may be far away from where it started.
A small leak can probably be repaired with supplies from your local hardware store. More serious damage may require a complete replacement, which can cost $5,000 to tens of thousands of dollars.
Septic Tank Repairs: $150 – $5,700
NATIONAL AVERAGE: $1,572
Septic tanks don’t get much attention unless you smell them, see sewage leaking around them, or see sewage backing up in your sinks and tubs. It’s possible to fix a broken pipe or a failing drain, but if your house’s over 40 years old, you’ll probably need to fix your tank. And that’s gonna cost a lot.
Deck Repairs: $250 – $6,000
NATIONAL AVERAGE: $1,789
A deck is a great addition to your home, but you have to take care of it. As long as the supports are in good shape and the deck is in good shape, repairs should be relatively inexpensive.
Mold, mildew, and pests can cause hidden damage to decks. Routine house inspections should include a thorough inspection of your deck.
Mold Removal: $375 – $6,000
NATIONAL AVERAGE: $2,220
As well as damaging your house, mold can also cause health problems. Its presence can be detected by symptoms like allergic reactions, headaches, breathing difficulties, or burning skin sensations. The damage and discomfort caused by mold can spread and worsen quickly, making remediation quite expensive.
It is hard to detect mold, a type of fungus that thrives in warm, moist, dark environments. It can feed on organic materials in your home—drywall, some types of flooring and tile, insulation, and more—before you ever notice. In addition to being expensive, mold remediation may even require you to move out of your home for a while.
Foundation Repairs: $495 – $13,000
NATIONAL AVERAGE: $4,467
Symptoms of foundation problems include cracks in the walls, doors that don’t open or close, sinking floors, or gaps around window frames. You’ll save money if you get foundation damage fixed fast, but you’ll also be safer. If you don’t fix small foundation problems soon, they can turn into serious ones. A structural engineer can inspect your foundation and tell you what you need to do.
Siding Repairs: $100 – $22,500
NATIONAL AVERAGE: $752
Siding. It’s a general term for a wide range of materials used to protect and decorate a home’s exterior, like brick, stone, wood, stucco, vinyl, aluminum or fiber cement. Although they’re made from resilient materials, they’re abused a lot because they protect a house from all kinds of weather conditions. You’ll have to deal with normal wear and tear with siding of any kind.
It may not be necessary to repair minor siding damage, but more serious issues can lead to additional problems if the siding is penetrated by weather. It is also important to keep siding in excellent condition if you plan to sell your home; in order to maximize curb appeal. Otherwise, you could scare buyers away before they even set foot inside your home.
Back to the Question: “Should I Sell or Fix Up My House?”
Repairs may be more of an inconvenience, and costly than selling your house, but you may have to weigh them against the hassle and expense. Many people think that to sell, they must do their repairs, then endure the uncertainty of leaving their house on the market while strangers traipse through to look at it.
Another option is to sell your house to Wise Property Buyers. We can make a cash offer to close in just three weeks, with its repairs and all, no matter whether it’s ugly or not. You won’t have to pay any showing fees, commissions, or closing costs—we just buy your house for cash. You won’t pay a thing to get an offer from us, and there is no obligation to accept it. So you have nothing to lose except the repairs! Just call (313) 513-8824 or use our online form to connect!
Why Sell Your House to Wise Property Buyers?
When you sell to Wise Property Buyers– you get decades of experience. Get certainty. You’ll know exactly when you’ll close, and how much money you’ll get. You won’t have to clean the house, or fix up the house. You won’t have to pack your stuff or organize. Just leave it to us!
You can always make a change. Request an offer today and we will come to see your house tomorrow!