• Electrical boxes and wiring • Natural gas lines • Plumbing • Central heating and air-conditioning
If these components are old, outdated, or not working correctly, the home’s appeal is lowered, as is the eventual sale price. According to the National Association of Realtors®, heating and cooling costs were the most important environmental features for recent home buyers, with 83% finding these features at least somewhat important. People want to purchase a home that reflects their aesthetic tastes and lifestyles, but also one that is safe and sound. Faulty electrical systems do not provide a feeling of safety. Leaky plumbing arouses concerns of mold infestation and sewage problems. These areas can require extensive work and they are extremely important. Overlook them in the preparation stage, and you run the risk of trouble later with inspections and appraisals, or even a buyer walking because they have lost faith in the integrity of the home. If you have mechanical issues and decide to sell your home “as is,” it will be necessary to price it accordingly-and know that some of these major issues may make it ineligible for a mortgage loan- thus cutting your buyer pool by 85% and further cutting the value while increasing selling time.
REPLACING APPLIANCES
New appliances undoubtedly make an huge impact on buyers.! The National Association of Realtors® conducted a survey of buyers and found that:
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