Details for HOUSE--CLASSIFIED DEPT. - Ad from 2019-01-12

PLACE YOUR AD:

928.556.2298 | www.azdailysun.com/ads

ARIZONA DAILY SUN | AZDAILYSUN.COM

REAL ESTATE
DIRECTORY

Personals:
Service Directory:
Employment:
Misc. for Sale:

100
200-300
400
500-600

Real Estate:
Rentals:
Autos:
Bargain Corner:

700
800
900
998

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Fix it Up or Sell as Is?

Many people are faced with the
dilemma of fixing up their space or simply
pricing a “fixer upper” accordingly before
listing their home for sale.
Of course, there are many factors to consider before deciding whether a repair
makes sense. It’s a good plan of action to
analyze the structure for necessary repairs
and weigh the cost vs. return on investment, as well as the current state of your
local market.
A seller also should determine the timeframe in which the house should be sold. If
renovations will delay the sale to the point
it doesn’t make sense with a schedule, the
cost of repair can sometimes be discounted
in the asking price.
If you are on the fence about fixing it up
or going to the market “as is,” here are a few
factors to keep in mind.

The ‘Beyond
RepaiR’ home
If your property is suffering from serious
issues with electricity, weakened joists or
water damage, it may not be economical to
solve these problems before listing. In many
cases, the cost of these repairs will be too
high to get back in your asking price.
In these instances, it can be more feasible to advertise to the contractor or house
flipping audience. This avenue may not get
you the highest offers but if you are in a

© adobe stock

REAL ESTATE 101

Cost vs. Value
think you know how much your repairs will cost? Have a good idea of the return on
your investment? Remodeling Magazine offers data to help homeowners feel confident
about how much projects will cost, and how much they’re likely to recoup at sale. the
site offers national data, and breaks the costs down by region. Read the magazine’s
2018 cost vs. Value Report at https://www.remodeling.hw.net/cost-vs-value/2018/.

hurry to get out of the property, it usually
makes the most sense. Keep in mind,
experts in the home-repair industry will
negotiate a price that accommodates the
cost of repairs when making their bid.
However, if you do have the time and
resources to update problem areas, many
buyers will consider the repairs as upgrades,

making the home more appealing.

CosmeTiC RepaiRs
Sellers who are listing a property
requiring minimal updating have a great
advantage when listing their home.
If the structure has good integrity and
expensive appliances are in good working

order, a cosmetic touch-up may be all it
takes to spruce up a space.
Take the time to analyze your property
before rushing to market. Consider making these upgrades to impact your asking
price without hurting the wallet.
• The condition of carpet: The flooring in your home can be a dead giveaway
to buyers as to how the home was treated.
If carpet shows signs of pets or deep
stains, hiring a professional cleaning service can make it look new. If the carpet is
beyond cleaning, consider replacing the
flooring with an attractive vinyl or hardwood covering.
• Touching up walls: The most inexpensive way to give your home a fresh
breath of life is a new coat of paint. Don’t
forget to touch up trim while you’re at it.
Be sure to choose a neutral color that will
appeal to a wide audience.

ConsideR The maRkeT
Timing is everything when selling your
home. Enlist the help of a professional
real-estate agent to discover the state of
your local market. If they urge you that
the time to sell is now, consider which
repairs or upgrades would be most effective and can be completed in the shortest
timeframe.

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