My House Needs So Much Work. What Do I Do?
Jul 20, 2022 | Hometown Development
We’ve heard it before, and we’re sure we’ll hear it again: “My house needs SO much work.”
Homeownership comes with quite a bit of maintenance. While some of the smaller tasks can be completed easily, others can become more difficult to manage over time. As the years go on, many homeowners find themselves with more work than they can find the time or money for.
If you relate, you might be wondering what you can do. You don’t want to live in a house in disrepair, but you also don’t have the time or money to commit to fixing all of it. We’re here to help you find a solution.
What To Do If Your House Needs a Lot of Work: Your 3 Options
If your home is in need of more repair than you can manage, you have options. We’ll discuss a few of them, along with their pros and cons, below.
1. Do the Repairs (-$$)
The most obvious option is to complete the home repairs, but that’s also probably the least appealing option. Let’s be honest — home improvement isn’t everyone’s favorite pastime, and there’s likely a reason you didn’t get to it in the first place.
But on the chance that this is the route you choose to take, you have two more options: do all of the repairs and fix your house completely or just attend to the most pertinent repairs. While you may not get the exact results you wanted, you won’t have to live with safety hazards like leaky plumbing and structural issues.
If you have some DIY skills, you could try to tackle the job on your own. It’d save you some money on labor costs, but you’d still have to pay for any materials you need — not to mention the time, energy, and possible frustration you’ll spend throughout the long process. So, again, this definitely isn’t the best solution for most homeowners.
2. Hire Someone to Do the Repairs for You (-$$$)
Another option is to hire someone to complete the repairs for you. Whether that’s a reputable contractor or your friendly neighborhood handyman, there are many people out there that’d be willing to help.
Having an experienced professional complete the work could help expedite the process, but it’ll cost you more money. You’ll pay for the convenience in both material costs and labor costs. Depending on the scope of work, you may also have to find alternate living arrangements while your home is under construction.
So although this option seems more convenient than the first, it might not actually turn out to be.
3. Sell Your Home As-Is (+$$$)
For many homeowners who are struggling with the “my house needs so much work” problem, the best solution is to sell their home as-is.
An as-is sale is exactly what it sounds like: a homeowner sells their home exactly as it is without any remodeling, repairing, cleaning, or staging. Even homes with extensive water damage, structural damage, fire damage, etc. can be sold as-is.
There are many benefits to the as-is selling process, including:
- You don’t need to spend money, time, or energy on repairs
- You can sell your home fast, often without a realtor
- You can move on to something better in less time
- You can finally relieve yourself of a burden you’ve held onto for a while
One drawback of selling your home as-is is that you might receive a lower offer than if you sold it in perfect condition. However, you make up for that loss by saving time and avoiding the costs of selling traditionally, such as making repairs. And, if you’re selling to a reputable real estate investment company, they’re likely to give you a fair offer in all cash.
Learn more about the offer comparison between traditional and as-is home sales in this blog.
Does Your House Need A Lot of Work? We’ll Buy It As-Is for Cash
If your house is in disrepair and you don’t have the time, energy, or money to bring it back to life, Hometown Development can help. We’ll happily visit to take a look at it, then provide you with a fair all-cash offer in just 24 hours. That way, you can quickly get it off your hands and move on to something better.
Yes — it’s really that easy! For more information on our home buying process, contact our team online.