Home made project-you started it, you finished it the right way, not your way

By
Real Estate Agent with RE/MAX REAL ESTATE TODAY, Executive Broker 901-488-9590

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?

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Serving Marion, West Memphis, Crawfordsville, Hughes, Horseshoe Lake, and surrounding areas.  If you are planning to sell or buy, please feel free to give me a call, find out if I am the right agent for you.

 

 

 

Rita Fong, REALTOR®

RE/MAX Real Estate Today

1813 Highway 77  Marion, Ark. 72364

cell:901-488-9590

office:870-735-4663

fax:870-735-4668

http://www.ritafong.remaxarkansas.com

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Judy Schneider 11/16/2009 09:18 AM
Location:
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Ambassador
1,649,105
Fernando Herboso - Broker for Maxus Realty Group
Maxus Realty Group - Broker 301-246-0001 - Gaithersburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

Good and sound advice. . 2010 will be a different year for all of us.

Nov 16, 2009 05:50 AM #1
Rainmaker
1,148,853
Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Rita....that's a great idea...I will try it this week.

Have a great day!

Nov 16, 2009 06:33 AM #2
Rainmaker
230,753
Lina Robertson Jones
Ozark, Nixa, Republic & Willard Real Estate - Springfield, MO
REALTOR, Springfield MO Area Homes for Sale

Rita - I've seen this so many times.  Someone decides to finish the basement for themselves and doesn't quite complete it.  In the buyer's mind, the cost to complete it is inflated from what the actual cost would be, so it's always better for the seller to complete it themselves, whether that be by a professional or themselves, if they're handy in the trade.  Good post!

Nov 16, 2009 07:30 AM #3
Rainer
98,435
Judy Schneider
eXp Realty - Bellingham, WA

Rita,

What great information! Some of the new shows make people think It is cheaper to do the work themselves. It can end up costing them more if they do not know what they are doing! Hiring a professional can actually cost them less.

Enjoy your Thanksgiving too!

Judy

Nov 16, 2009 09:04 AM #4
Rainmaker
331,239
Rita Fong
RE/MAX REAL ESTATE TODAY, Executive Broker 901-488-9590 - Marion, AR
Realtor - Marion Arkansas Homes for Sale

Hi, Fernando, I am working on a few new things to give myself a good new start for 2010.  I have confidence it will be an excellent year for many of us.

Hi, Rob, Great!

Lina, I have a client did the exact thing as what I posted, they finished the bonus room themself in a very unprofessional way, and it turned a lot of buyers away.

Judy! I will do some very minor, I mean minor project myself, but I will not tackle anything I know I can't finish.  It is good to have confidence, but not over confidence, lol.

Nov 16, 2009 09:59 AM #5
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Rita Fong

Realtor - Marion Arkansas Homes for Sale
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