Be prepared When it comes time for you to start arranging your home repairs, the last thing you want is to be caught unprepared. By prioritizing your needs, you can effectively work through your home improvement projects, saving yourself both money and time.
Budgeting repair costs The primary dictate in determining which task to tackle first is your budget. It doesn't matter if you really want to change your outdated bedroom wallpaper if you can't afford it. Home improvements cost money, and if you don't have the means to finance what needs to be done, in the long run, continuing with the job will only create more stress for you.
Fix safety concerns first Your next consideration is whether or not the repair is a safety concern. Safety concerns should be fixed immediately. A few safety concerns include including water damage, faulty plumbing and electrical systems, and general residential safeguarding. Each problem may endanger the lives and comfort of family and visitors. As a general rule of thumb, repairing leaking water should be a priority, because water damage can cause structural problems with your home.
Cosmetic reasons Once you have ensured the security of your house, home repairs and improvements for cosmetic purposes fall next in the priority list. Cosmetic fixes range from room remodeling to simple fixture replacement. Assess your family's specific needs to determine which jobs are right for you. Maybe you want to turn the basement into a playroom for growing kids, or maybe you want to change the tiles in your bathroom; either way, the choice is all about your needs.
For home sellers Selling a house in today's market often means undertaking a number of home repairs in order to complete a sale. This doesn't necessarily mean you should go out and add that hot tub you think someone else will want, but it does mean thinking through what needs to be done and weighing it against the cost effectiveness of your situation, knowing you'll be leaving the house soon.
Inspections Since most buyers have properties inspected prior to purchasing a house, you can make that process potentially less painful by getting it inspected yourself first. A home inspector can help you prioritize improvements and give you advice on how best to approach repairs. An inspector may also identify problem areas you might not necessarily have known about.
Functionality concerns When it comes time to approach your to-do list, repairs that impede the functionality of a house, such as a leaky roof or a faulty furnace, should be at the top. These repairs will show up on an inspection report for a potential buyer, and could prevent completion of your sale.
Full remodeling Last on your list should be remodeling. Generally speaking, major remodeling rarely returns your investment unless the original room is a severe detriment. Though you want your home to be in top condition, you don't want to overspend in ensuring it gets there.
Be smart about your priorities; put yourself in the buyer's shoes and do what they would want done.