Many a promising home sale has been compromised by a nasty discovery during the buyer’s inspection. There are things you can do to avoid last minute broke deals.
“Boston has beautiful real estate, as do all of the towns in the greater metropolitan area,” said Ryan Williams, general manager of 128 Plumbing, Heating, Cooling & Electric. “For anyone placing their homes on the market during the competitive fall season, we don’t want them to lose thousands of dollars in value due to missed opportunities for improvement.”
Here are four tips to avoid loss in value when selling a home:
- Repair any existing leaks: Many leaks go unnoticed until a thorough inspection is made, so the best practice is to be proactive. Check crawlspaces and basements for signs of slow leaks, and if unsure, run a meter test. Shut the water off for about 2 hours and monitor in change in the meter.
- Inspect the water heater: Over time, the heating element in the water heater can become corroded or even covered by scale, especially in areas with hard water. This will reduce the effectiveness of the water heater. If your heater is on the end of its warranty, it might be best to replace it. Rebates may even be available through local energy programs like MassSave.
- Check for electrical issues: Shorts, faulty circuits and unreliable current are all red flags to potential buyers. There can also be safety hazards, so it’s best to have a licensed electrician inspect your home’s electrical system before placing it on the market.
- Schedule tune-ups for your heating system & central air system: Regardless if the current season, both the air conditioner and furnace should receive a tune-up prior to listing the home. This will help improve the efficiency of the units, preventing unexpected breakdowns and can help restore or improve air quality inside your home.
These tips provide sellers a great place to start adding value to their home. Make sure to always consult a professional for guidance when addressing these concerns. It may seem like a bold investment, but it’s one that can net surprising returns in value.