True Condition Of Your Home

Dated: May 19 2021

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True Condition of Your Home

Before coming up with a listing price, it’s important to know the true condition of your home. What repairs do you need to make? What repairs should you make? How much will this all cost? Is it worth putting money in or selling “as is”?

Big Ticket Items

To stay in a strong negotiating position, you’ll want to make sure that you have these essential items updated, relatively. It’s likely that buyers will negotiate for a sizable credit to replace these items.. or even walk away from the deal if the upgrades seem too daunting. From small to large, they include:

Hot Water Tank

Gas tanks last 8-12 years while electric tanks can last 10-15 years. Average cost for a new water tank ranges from $650-$1,611.

Furnace

A typical furnace will last 15-30 years. The average cost is $1,500-$2,500.

Windows

Windows are good for about 15-20 years. The average cost of a window with install is $500-800. For larger, more custom windows, you could be looking at $2,300 or more!

Plumbing

Plumbing issues could simply just be coming from a clog in the pipes, to which you can hire a plumber to snake for $100-$200. If you have to replace an entire two-bathroom house, you are looking at $8,000-$10,000 (copper). The new way to go is PEX plumbing, which would only cost $4,000-$6,000.

Electrical

Electrical problems can be range from small to large and should last up to 50 years. To swap out an old fuse box (see below) for a circuit breaker, you’re looking at $1500-$2000. To rewire an entire house, you can spend anywhere from $8000-$15,000.

Foundation

Hopefully lasts you a lifetime but it’s not uncommon in places like Cleveland to have structural and/or flooding issues due to inclement weather. Whether you need to waterproof or tuckpoint the walls, cost to repair can range from $500-$10,000, with an average of $4,000.

Roofing

Asphalt shingle roofs have a life expectancy of 20-25 years. Slate, copper and tile roofs can last more than 50 years. The average cost for a moderate sized home is $7,500, but you can spend $15,000-$35,000 for a new roof.

Get a home inspection!

Not sure of the condition of your home? More sellers are choosing to hire a home inspector before listing their home. An inspection makes your FIRST LISTING PRICE more accurate and much easier since you know exactly what needs fixed! Call me today to find out more about home inspections.

You can also download a self-home inspection here

Home inspector, front porch

Qualified Home Inspector

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Tyler Finkler

Every home (and owner) is unique in its own way, but selling a home isn't rocket science! We live in a world where you can access ANYTHING at the tip of your fingers.. even homes for sale. When wo....

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