If you are looking to sell your home in the Washington D.C. area, you likely want to sell it quickly and for a good price. However, it may be difficult to determine how to get the highest value out of that home, given the cost and effort it takes to make repairs. For that reason, we are going to take a look at some of the ways to decide whether it is best to sell your home “as-is” or to make improvements in order to get the highest price when you sell it.
What Does it Mean to Sell my Property As-Is?
Selling a house as-is means the property will be sold in its current condition, and the seller will not make any repairs or improvements before the sale. In essence, it tells buyers: What you see is what you get. Often is a owner is looking to sell as-is, the home is priced and marketed for sellers to get it sold quickly without spending any extra money—and for buyers to pay a lower price than if it was fixed up or renovated. This, therefore, is a great option for sellers who are not looking to spend time and money by making repairs, but are still looking to sell their home fast and for top dollar in Washington D.C.
Should I Make Improvements Before I Sell?
Deciding whether or not to make improvements before selling your property can be tricky. While some houses require more work than others, it is important to determine what needs to be fixed or improved. Therefore, smart sellers will weigh the cost of the proposed improvements against the home's market value after the repairs or upgrades are completed.
For that reason, it is important to understand that certain improvements might not create a positive return on investment for your home renovations and would actually result in a net loss to the owner.
Therefore, it is helpful to speak with a real estate agent in Washington D.C. in order to decide what upgrades are most necessary to achieve the best return on investment for your home. However, let’s first take a look at the steps you can take to determine what needs to be done before you sell your house in the Washington D.C. area.
Determine What Needs to be Repaired
Before looking to list a home for sale in the Washington D.C. area, sellers should determine what needs to be repaired. Therefore, sellers should make a list of everything that's defective, broken, or worn out. While it may be difficult to decide what needs to be fixed, consider it this way: If you feel that these are issues, buyers likely will feel the same way!
Therefore, minimum improvements to consider making before selling your home in the Washington D.C area include: patching holes and cracks in the walls and ceilings, fixing broken appliances and HVAC systems, repairing broken windows, repairing the roof, and changing any dated light fixtures or ceiling fans. Also, looking for and fixing any serious building code violations is critical - as any serious buyer in the Washington D.C. area will likely have the home inspected in order to look for these issues.
Get Quotes for Improvements
Once you have made a list of the repairs and improvements that you intend to make, you can find out what it will cost to make these repairs to see if they fit within your budget. You can also consider renovations that might add to the value of your home and increase the number of buyers who might be interested in your home – everyone prefers a new kitchen or bathroom. Therefore, it is best to get accurate cost estimates from qualified local home renovation contractors in the DC area. Therefore, if you do choose to make the repairs, you’ll have a better chance of earning more money when you choose to sell your house in the Washington D.C. area.
Project costs can vary widely depending on what needs to be done. Here are some average costs of common home remodeling projects:
Project Job Cost
Living room and bedroom $1,500–5,500
House exterior $15,000–35,000
Remember – whether it makes sense to invest in repairs or renovations can be a tough decision and many projects will not create a return on your investment. In fact, most of the time it makes sense to sell your home as-is in Washington DC as many developers will still pay market prices for the home even when it has problems.
If I Decide to Sell My House As-Is in the Washington D.C. Area, Who Will Buy It?
If you have decided that making the above repairs is not worth the additional time and effort, it may just be best to sell your house as-is. Fortunately, if you live in the Washington D.C. area, you can turn to Congressional Home Buyers to sell your home fast, easy and with no obligation.
Therefore, you may be asking, “why sell your DC area home to us?” Above all else, Congressional Home Buyers, is committed to making D.C. area sellers great offers fast and making the process as easy as possible. Learn more about why owners sell to Congressional Home Buyers.
While you can certainly take the offer on the spot, selling your home to us can also be done in 3 easy steps, and the sale can be completed within 10 to 30 days. Thus, when it comes time to sell your home in the Washington D.C. area, the quickest and most efficient way to do it is through a home buyer company, and Congressional Home Buyers is the route to go. With us, you will get an offer, receive a contract, and get the sale done in 30 days or less.
Start today if you are interested and see what we have to offer!