If spending money to make money on your property seems counter-intuitive, you might attempt to sell your home “as-is” and keep your money for the new place. After all, most of those homes featured on renovation reality shows are in worse condition than yours; and those buyers intended to gut the place for a complete makeover anyway.

Just know that the offers you receive will reflect the needs of the buyer, so you won’t get top dollar unless the property is in an extremely desirable area. Still, it might make sense to sell as-is for a discount if your situation is difficult or you’re strapped for cash. Conversely, selling a home that isn’t up to code reduces your buying pool. FHA and VA loans require a home to meet minimum property standards to secure the loan.

Another consideration is how much you still owe on the property. Unless the investment for repairs and upgrades is more than your remaining mortgage, it is probably worth spending to bring your property up to code. A qualified real estate professional can help you prioritize your repairs to those necessary to get it sold, or market it to buyers looking to renovate to raze the home.

So, who buys as-is?
Investors often purchase property intending to “flip” it; that is, to renovate a distressed property and quickly resell it to recoup expenses and make a profit. Typically, investors want the “bones” of the property to be sound, so foundation and structural issues are less appealing to them.

Another type of investor wants the property for its proximity to business or industry. Their goal is to have the property rezoned for commercial purposes or to build multi-family structures on it instead. If the area around your home is transitioning to commercial or multi-family dwellings, your professional real estate agent can guide you to this type of investor.

Less common is the buyer that wants a project or fixer-upper on which to put their own stamp. Some fixer-uppers buy for nostalgia (they lived in the home/area as a child) and others for what they know the area can become. Their goal is to restore the home to its former glory while adding newer amenities. As opposed to flippers, these buyers often intend to live in the home while working on it, or once the work is complete.

If you determine that selling as-is is the best option for your situation, discuss the issue with your agent. She can warn you about what to expect for offers with your home in its current condition and help you set a fair asking price based on its location and the market trends in your area.

If you’re looking to increase the value of your home before you sell, there are certain things that you can do to attract buyers and get a high return on your investment in your home. There’s only so much time and money that you have to invest in your home. You will be purchasing a new place most likely and will need some capital for that. Read on for some tips on how to cheaply and efficiently make some quick improvements to your home. 

Stage Your Home 

You don’t have to create a significant expense to make changes to your home. If there’s one thing you should know about selling your home, you should make an appearance. Clear out the clutter in your home. Then, take some time to stage it. No one who is touring your home should see your personal papers, children’s toys, and celebrity shrines. Think minimalistic when it comes to the things that need to be in your home when it’s put on the market. Having a clean house can make all the difference in selling your home.

First Impressions Are Everything

A mess never makes a good first impression. If things appear in disarray around the property, it’s going to deter interest in the home. Make sure the yard looks presentable. Add some plants to the outside of the house. A simple clean up can make a big difference in the property. 

The Kitchen And The Bathroom Are Points Of Interest

People pay particular attention to the kitchen and bathrooms of a home. One reason for this is that these rooms are particularly expensive to renovate. At the very least make sure that these rooms are clean. If you have the time and funds to replace tiles, or replace the sink, definitely complete these projects. 

Don’t Try To Take On Projects Yourself

It’s important to recognize what you can and can’t do. Hiring a professional to complete your projects can make a big difference. If you don’t have a grasp on home renovation procedures, an improvement can turn into a nightmare. It could end up costing you more money and time in the long run. 

Hire A Real Estate Agent

Hire a real estate agent to help you sell your home. Real estate agents understand how to price and market a home for an optimal sale. Fees for seller’s agents are very reasonable and worth it if you want a good price for your home.  

As you can see, there are many simple ways you can get more value out of your home when you head to sell it.            

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