One of the current trends in real estate is buying a fixer-upper home on the cheap then renovating it with the features and amenities that you want. However, this doesn’t always work. Sometimes these fixer-uppers can turn into money pits. This means that there is far more work that needs to be done than what initially met the eye. In these scenarios, it’s often easier to sell your house quick for cash and get out rather than continue to dump money into it. At Cash 4 Homes, we can help. We have tips to help you get out of a money pit without finishing renovations.

Find an investor

Investors are always looking to buy a home at or below market value so they can flip the house for a profit. Those who undertake these types of projects typically have a larger renovation budget than the average person. This means that they’re willing to take on homes that require major repairs and work to get that home up to living condition. Additionally, they’re not buying the home as a primary residence so their timetable to complete the work is much different than someone who is trying to get a home that’s under construction into livable shape.

Appeal to bargain hunters

In addition to investors, you can find bargain hunters who are looking for a home in a certain area. Whether this means buying a home that’s close to work, in a specific school district, or in a prestigious neighborhood, your fixer-upper could be just what they’re looking for. Oftentimes, bargain hunters are looking more for the location than the home because they know that they can put money into the home over time and create the house that they love. This is done while building equity in the home.

Make minor fixes

Making a fixer-upper presentable to buyers doesn’t mean that you need to fully complete every project that needs to be done. Give the home a minor facelift by taking care of small fixes here and there. Replace doorknobs and hardware on your cabinets to start. If you can save some effort on behalf of a buyer, this will go a long way to providing the necessary appeal required to buy. Don’t waste your time or money on paint because someone who’s looking to buy a fixer-upper is likely to repaint much of the home anyway.

Clean up the outside

Provide a level of curb appeal to encourage buyers to take a look at your home. Make sure that you’re taking care of the lawn, give the driveway a good pressure wash, and touch up any areas that might need some attention on the front of your home. Create a positive first impression for potential buyers and make it easy to see the potential.

Get the price right

It’s important to understand what your home is worth if you’re putting it on the market as a fixer-upper. Be realistic about the home’s value and what a buyer is going to have to put into it. If you price your home too high, you’re not going to drive away from the type of buyers that you want to appeal to all while driving away serious buyers because the current state of the home doesn’t fit the requirements of those who are looking for a home that’s ready to move into today.

Get in touch with Cash 4 Homes

If your fixer-upper is a money pit, Cash 4 Homes can help you get out. We’ll pay cash for your home so you don’t have to continue putting money into repairs that you either can’t afford or simply don’t want to. Reach out to us today by calling 801-826-4444 or sending a message using our contact form. We’re looking forward to helping you sell your home quick for cash by buying it ourselves.