Selling a home as a fixer-upper is not out of the question. Some buyers might want a house that needs a little work. However, there might be non-negotiable home repairs that make buyers want to avoid a property.
It is not to say that no one would buy a property with specific issues. However, some repairs may make buyers steer clear. The buyers who do take interest may expect a significant discount for the time and cost of fixing the home.
What are some of the repair issues that can be non-negotiable? Read on to find out!
Most buyers will not want to deal with a roof that needs repairs. They know that a bad roof can have leaks, leading to damage in other areas of the home. Roof repairs can also be expensive. It might even be an issue that delays the buyer’s move into the house.
Minor floor damage won’t be a deterrent to many buyers. However, it could be an issue if the floors have extensive damage. Replacing some carpet or tile is one thing, but having to tear out and replace the subfloor is a major project. It could even indicate deeper structural issues with the home.
Significant electrical issues will be non-negotiable for many homebuyers. Some won’t mind replacing lights or switches, but extensive electrical repairs will be a problem for many. It might be a deal breaker if they need to replace the service panel or rewire a significant portion of the house. Anything that indicates an unsafe electrical system will cause many buyers to think twice about the property.
A termite infestation might be non-negotiable even if you do the repairs. Even beyond ridding the home of termites, there are the questions of damage. Termites can cause significant structural damage to a home. Getting rid of the termites, assessing the damage, and repairing the structure can be time-consuming and costly.
A damaged sewage system will be a non-negotiable problem for many homebuyers. Something like a collapsed sewer line can be expensive to repair. Along with that, sewer line repairs might require extensive yard excavation. The buyer might have to pay for significant landscaping after repairing the sewer line.
You can sell a home that needs repairs. Sellers need to disclose what they know about the property condition. While some repairs won’t bother most buyers, other more extensive repairs will.
Borrouso Realty is ready to help you sell your home in Metairie. Even if it needs repairs, we can help you find a buyer. Contact our team to learn more about our real estate services.
Thanks for visiting!