With the new $6,500 tax credit for existing home owners till 4/30/10, I can foresee more home owners are more ready and willing to put their home on the market. Is your house ready for sale, or you need to do some projects first?
Do you like to watch "Weekend Warriors" on HGTV, doesn't it bring the inner contractor side out of you? All the demolition, design, vision, color matching......just can't wait to start that project you have been putting away, can you? There is nothing to it, it only takes those home owners one or some weekend/s from start to finish, I can do that. Or is it really?
Unless you are absolutely 100% sure what you are doing, and how to do it. When unexpected problems come up, can you solve it yourself? Taking on a big project requires persistence and serious planning. If you started it, you need to finish it the right way, not your way, don't leave it half done. That's what some sellers think when it comes to selling their home:
- I can knock it off from the sales price and let the buyer to finish it : most of the buyers do not want to pick up any projects after the home owner, if they want to get a fixer upper, they will look for a fixer upper.
- The buyer probably won't pick up the flaws of my home made projects : if the buyer won't, the home inspector will. Home inspection is part of the buying process nowadays, buyers are more educated than they used to.
- The buyer should be glad that I get it done : if it is not done right, the buyer will appreciate more if it was never done at all. Believe it, I have clients told me multiple times before when I was showing them some houses with these home made projects. A poor finished home project can be a deal breaker when selling your home.
- It will save me money if I do it myself : it will probably cost you more money if you don't do it right, you may end up have to pay a professional to come in to repair what you have done.
Especially when it comes to anything electrical, you do need to hire a licensed electrician to do the work, you do not want any potential fire hazard, do you?
It is still majority a buyer's market, buyers rather choose something that they don't need to put money and time into it, if they can buy one at the similar price without the hassels. Look at it like this, you are the seller right now, but you will be the buyer later, would you like to pick up someone's unfinished home project, or you would rather not?