As you consider how you can sell your home fast and for a good amount of cash, one less thing you have to worry about is paying for repairs. At El Paso Cash Home Buyers, we make the process of selling your home as stress-free and seamless as possible. Since we are able to buy your home in any condition, we can buy homes in need of repairs, updates, and remodeling projects, no matter how big or small.
Over the past ten years, we’ve seen a wide range of homes needing repairs. As we keep up with the realm of real estate, we are able to provide our customers with information on common issues, including hefty costs, associated with home repairs.
Here are the top frequent home repair issues that sellers encounter as they prepare to put their house on the market:
Large cracks in the concrete, windows that don’t shut, cracked drywall, misaligned doors, and gaps between the wall seams are all examples and signs of a foundation with damage. While it’s possible to sell a home with drastic foundation issues through a realtor, many potential buyers tend to back out as they reconsider what they’re truly inheriting. If you’re considering doing the repairs yourself, you will first have to get a city permit and once it’s completed it will become a public record. This type of public record tends to turn people away because they now know of foundation problems and question if the job was done right.
On average, the US sees an estimated $5 billion worth of damage due to termites in homes and buildings. The chance of getting termites in your home is much greater than your home catching on fire. What’s worse is that most termite damage is not covered by insurance providers. This means you are looking at spending thousands to cover repairs. Common signs of termite damage include wood that is carved out, cracks in the walls that appear out of nowhere, piles of rough grain sand appearing in dry wood, and a floor that becomes spongy. Rest assured because if you’re looking to leave your home because of termites, we can buy your home, and you’ll never have to look back.
Another cost-intensive type of home repair is water damage. If a flood occurs in your home, time is critical. Within 24 to 48 hours, mold can begin growing and it multiplies fast! Unfortunately, home insurance does not always cover water damage. Depending on how the water got there in the first place, providers can turn you away. For example, if you failed to maintain your property, you will most likely be turned away. If you cannot afford the cost of repair, for health and safety reasons, you should consider leaving your property immediately. We can buy your home even with water damage.
Updates and remodels. Over the past couple of years, the price of remodeling has certainly spiked given the increase of the hourly rate of contractors and the rising price of materials. Spending $30,000 on home repairs does not guarantee the value of your home will increase by $30,000. In fact, you can spend up to $75,000 in repairs and still not see a return on investment! The tricky world of real estate can make it difficult to decide if it’s worth remodeling. Moreover, location plays a huge impact on whether or not updating your home makes sense. We can help you determine if your home is worth the time, cost, and effort of updating, or if it makes more sense to sell it to us.
Once we do a walkthrough of your home, we’ll be able to determine what the average cost of repairs needed would cost.
The El Paso Cash Home Buyers can help you make an informed decision. Remember, no up-front cost or obligations. We offer a free market analysis and buy homes in any condition. So, what are you waiting for? Give us a call today so we can get to work!