Are you thinking about selling your home but you know it needs updates first? Perhaps it still has 1970’s cabinets or the bathroom fixtures are blue. Or maybe some of the wood windows won’t open or the garage door is dented. Which projects are worth the investment and which are a waste of resources if you are going to sell soon?
Take a look at the article “5 Home Improvements That Pay Off and 5 That Don’t” for some advice before signing with a contractor or swinging the hammer.
Another interesting read that gives you a fun visual look at the best ROI for your home projects is linked here.
Or save yourself all of the stress, time and effort and consider selling your home as-is to a real estate investor, like FasterHouse. Those blue bathroom fixtures and stained shag carpet don’t scare an investor. Their business is all about taking a home that needs some TLC and putting their rehab crews to work making it look like new. Because of the volume of work they complete each year and their expertise, they can finish rehabs far more efficiently and cost-effectively than the average home owner. Even major projects like foundation issues, roof repairs or electrical updates aren’t a problem.
“As a general rule, we can buy a home for about the same amount as the homeowner would get if they sold retail minus the cost of the rehabs, if the home needs a good deal of updating,” said Bryan Schroeder with FasterHouse. “By the time the homeowner puts thousands, or even tens of thousands, of dollars into rehabbing or updating their homes, they may lose money on a retail sale in the end…not to mention the cost of dealing with the frustrations of home renovation.”
And this doesn’t take into account the time delay for a retail sale. For many renovation projects, finding a good contractor, choosing and ordering materials and scheduling the work can take 6 months or more, depending on the size of the project. Then the house can be listed with a realtor and shown to potential buyers, which can tack on additional months.
Selling to a cash investor is as quick and easy as it gets! According to Schroeder, “I generally leave a contract with the homeowner after the first visit with them so they have an offer to consider. If they agree, we can close as quickly as they like…sometimes within days or weeks. The timing is really up to them.”
So if a quick and easy home sale is something you would like to consider, call FasterHouse at 314-926-0660 or fill out this form
