Having antiquated wiring and plumbing replaced is expensive. If you do have mechanical issues and decide to sell your home as is, it might be necessary to negotiate a reduced sale price with the buyer. Some buyers are willing to take on the improvements themselves, with the thought that they can be assured they are completed to their own standards and specifications. However, some buyers will simply walk away, not wanting to deal with known problems that could get expensive long after the deed is transferred. REPLACING APPLIANCES New appliances make a significant impact on buyers. NAR conducted a survey of buyers in the market over the past several years and found that: + + Buyers were usually “interested” or “somewhat interested” in buying a home that featured new appliances. + + Roughly 17% of respondents preferred stainless steel. + + The most important factor: available appliances. + + Most buyers who were unable to get their sought-after appliances said they would’ve been willing to pay, on average, nearly $2,000 more for them. Potential buyers prefer that appliances be included with the house and will pay more for them, especially if they are new or in excellent condition. If you can afford it, new appliances might be what sets your house apart from the home for sale across the street. If new appliances aren’t an expense you’re able to cover, ensure your existing appliances are immaculately clean and fully functioning.
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