Thinking of selling your house? Is it in tip-top condition? Or does it “need a little love”? The work, time, and expense of readying a home for a traditional sale can be quite overwhelming. We know about the traditional ways to sell a house, but don’t forget that you can sell your house privately too. If you’re selling on the market with an agent or “For Sale By Owner”, repairs and upgrades are usually a necessary expense in order to get top dollar for your house. Selling your house privately to a professional and local buyer here in Indianapolis eliminates all of the issue with those repairs though – because we’ll buy your house just the way it is. A private house sale can save you a lot of headache.
Curb appeal – both exterior and interior – plays a significant role in the marketability of a house. Because most buyers are looking for a house that has all the features they see on television shows, you’ll also need to have all the appropriate modern updates to your home if you expect to sell for the highest price.
Did you know that selling your house privately can still net you a fair price AND save you the stress and financial strain of making all the repairs and upgrades your house needs? Wouldn’t you like to skip all that and just get your house sold and cash in your hand? A professional buyer handles everything for you in one meeting, walking you step by step through the process.
Read on to learn more about some potential issues you might face with your Indianapolis house repairs and how selling your house privately to a professional buyer will save you thousands in repair costs.
Fluctuations in Supply Costs
During the past year, construction supplies have risen in cost almost uncontrollably. Lumber is expensive right now, more than 112 percent higher than last year! Quite literally an un-treated 8 foot long 2×4 is $10 right now. It’s not just lumber; the cost of everything from faucets to windows, siding and flooring have all skyrocketed. Material costs are rising so quickly that companies building new houses and pre-selling them are raising the prices of their unbuilt houses every couple of weeks to account for rising prices; still others are slowing or stopping their construction altogether. Many homeowners have chosen to invest in their homes, making repairs they have been putting off and upgrades for home offices, home schooling, and more family-based activities. This increase in demand along with minimal staffing at factories due to COVID-19 has caused a bottleneck in supply chains. The high demand and low supply therefore causes the prices to go up. Selling your house privately will let you stop stressing about these rising costs of construction materials or about upgrades or repairs because a professional buyer like 317 Home Buyers will buy your home as-is.
Pretty much any time you do a repair to a house, it ends up costing more than you thought it would. Open up a wall? Oh hello termites! Let’s change this light honey! Oh, is that aluminum wiring? Surprises can, do and will happen and repair costs can spiral out of control. This is why experts recommend adding 10 percent to the estimated repair budget. All too often, unseen problems lie hidden beneath the surface and only to be discovered when the project is underway and the budget has already been established. These discoveries are often very serious, such as with wiring problems, framing issues or like I mentioned above: termites. Depending on your financial situation, some of these unpleasant surprises may completely derail your project or wreck your finances. While you could avoid avoid these bumps in the road if you made a private sale of your house, you probably can’t avoid them by getting your house inspected prior to your construction project or by getting pro contractors to come in and bid the job: remember they can only see what’s outside the walls too. Even if you avoid all of these potential pitfalls and surprises, there are other surprise expenses that pop up when doing renovations and repairs on your home which most people fail to take into account. In Indy, when you sell your house privately to pro buyers like 317 Home Buyers, they take on all of the risks of any potential problems. Selling to a professional buyer could conceivably be saving you from additional hidden repair costs that can increase your repair expenses by tens of thousands of dollars.
How Much Should I Do?
This is the question of the century. How much renovation should I do? Will buyers even like the repairs or improvements I’ve done? WILL I BE ABLE TO RECOUP MY MONEY??? These and many other questions plague professional renovation companies who often buy houses through private sales. Seriously though, there’s a pretty smooth flow for this. First, you should get yourself a home inspection and fix the major issues that your inspector points out. No matter how nice your home is, an inspection is most likely going to reveal some kind of issues that need addressed. Next, if you still have some money leftover then we’d recommend diving into some of these sorts of projects. Remember you’ll never see a dollar for dollar return on most renovations but some renovations do pay back more than others. Keep it simple – don’t get carried away! If you’d rather not concern yourself with all of this then maybe it’s the right time to consider selling your house privately to a local buyer like 317 Home Buyers. No stress, no worries – just done.
At 317 Home Buyers, we will handle it all! If you face expensive repairs, now is the perfect time for selling your house directly to 317 Home Buyers. When you work with 317 Home Buyers, there are no commissions or hidden fees that will be coming off of your cash payment at closing. We’re professional buyers and we’re happy to talk with you about all of the ways that selling your house directly to 317 Home Buyers will solve your problems. Get a free, no-obligation offer from 317 Home Buyers and see how easy we make the process! Send us a message or call 317 Home Buyers at 317-623-4734.