October 28, 2020
How Much Does It Cost to Repair Your House?
If you want to sell your house fast, you better plan to spend some money. According to Home Advisor, the average cost to remodel a house for sale is $47,000. Renovation can range from single-room makeovers to whole interior remodels. Average repairs can cost up to $20,000 for major house components such as roofs, windows, AC systems, plumbing, flooring, and electrical repairs or replacements.
When selling your house – especially an older house - you need to account for repairs and renovations that will either pass inspection or make the house more attractive. House repairs can add up quickly and take a large chunk out of your profits. In the end, you must ask yourself if all the time and money you spent preparing the house to sell is worth it.
House Repair Costs Broken DownHere is a breakdown of average major house repairs or replacements costs.
|Air Conditioner Replacement||$4,500|
|Electrical Home Wiring||$5,500|
The cost of repairing your house prior to sale is something that you rarely plan for. As a result, you may be caught off-guard if you discover a serious problem like replacing your roof, plumbing, or electrical system. Other expensive repairs and renovations include replacing a foundation due to water damage or the framework due to termites.
When you combine repairs with closing costs, realtor fees, and other expenses, you may find that you have very little left over after selling the house. If you sell your house as-is to a local house investor, you may come out better.
Which Repairs Have the Highest Return on Investment (ROI)?In addition to the cost of repair, you also need to consider how much value a remodeling project will add to your house's market value. Most home improvement experts recommend that you get at least a 70 percent ROI on your repair or renovation if you sell your house. Consider the top six renovations that add the most value to your property:
Return on Investment
|Stone Veneer Siding Installation||$8,900||94.6%|
|Garage Door Replacement||$3,500||94.5%|
|Minor Kitchen Remodel||$23,000||77.6%|
|Fiber-Cement Siding Replacement||$17,000||77.6%|
|Vinyl Siding Replacement||$14,000||74.7%|
Request Your Fair Cash Offer:
The Rising Cost of Building Materials
The current decline in the U.S. economy and the shortage of supplies has caused the cost of building materials to skyrocket over the past few months. For instance, the price of lumber has increased by over 3% and is expected to keep climbing indefinitely.
The Cost of other materials such as aluminum, steel, and stone is likely to increase by year's end, as the economy has been affected by numerous nationwide events and natural disasters throughout the year. With this increase in building costs, you may want to consider an alternative to repairing your house and selling it on the market. A smarter option may be to sell your house for cash to a local house buyer in Wichita, KS.
How to Sell Your House Fast for Cash
Step 1: Contact Us: (316) 202-4249Call us today and tell us about your property. We'll schedule a quick walkthrough of your house—no need to renovate or prepare your home.
Step 2: Get a Cash OfferIf we are interested in buying your property, we'll make a fair, no-obligation cash offer. We make most offers within 24 to 48 hours.
Step 3: We Pay Cash for Your HouseIf you accept our offer, then you schedule a closing date that is convenient for you. We pay all closing costs and put cash in your hands in as little as seven days after closing.
We Buy Houses in Wichita Regardless of Your SituationYou may feel that your current situation is hindering you from selling your property. This may be true when you attempt to put your house on the market and sell it the traditional way. However, when you sell your house for cash, there are no conditions. We can buy your house regardless of your situation.
|Inherited House||Late Payments|
|Selling AS-IS||Vacant House|
We Buy Houses for Cash in the Following AreasAt Blue Sky Properties, our investors work with house sellers throughout key areas in Kansas. Many of our sellers come from the following locations: