Know When To Sell Your Home As-Is or Make Repairs
When determining how to get the most value for your home, one of the first questions is whether to put up your home in as-is condition or make some repairs or renovations. If you sell your home as-is, you are selling it in its current state. This indicates that the house is a distressed property and needs significant repairs like roof replacement or mold removal. These fixer-uppers attract property investors who are often bargain shoppers.
However, making repairs on your home and improving the property's condition can attract first-time and primary residence home buyers. These buyers put more emotion into their home purchasing decisions and are more often attached to properties. Because of this, you can increase the asking price.
In today’s Colorado real estate market, homes that are in better condition sell more quickly and for more profit. If you have the time and money to upgrade your home before selling, it will generally pay off in the long run. When making upgrades to sell the house, you want to make sure you get the biggest bang for your buck, so prioritize each repair and make sure that each renovation project is a true investment in the home.