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Selling a Home? You May Need to Make These Plumbing Repairs First
Inspections are par for the course when selling a home, but when the inspector comes back and says something is wrong with the plumbing, sellers either panic or shrug it off and assume that it’s the buyer’s problem.
Most buyers won’t commit to buying a home until after it’s been thoroughly vetted by an inspector, and if there are problems, the inspector will certainly find them.
Making repairs after an inspection can be a hassle and will certainly eat into your profits, but what repairs are you required to make?
Check the ContractThe first step is to check your contract to make sure that you haven’t locked yourself into making repairs that you don’t want to make.
As a general rule of thumb, you don’t want to sign a contract until you fully understand its obligations, especially when it comes to repairs.
And here’s the good news: you don’t have to fix everything that the home inspector say could be improved. The report is not a to-do list.
Repairs typically fall into one of three categories: ones that are required, ones that are optional, and ones that are up for debate.
Required Repairs after a Home InspectionSome repairs will be required before lenders will release funds to make the purchase. Typically, these repairs are related to structural defects, safety issues and building code violations.
Safety issues may include mold or mildew that is discovered during the inspection process. Water main leaks and damaged plumbing systems that go unrepaired can lead to mold growth.
“Broken water mains can cause leaks to go undetected and result in high water bills, mold, mildew, and rot, which is why routine plumbing maintenance is recommended for all of our clients on a yearly basis,” says Bob Oates Plumbing.
If a home inspection reveals such problems, you will likely be responsible for repairing them.
Many sellers choose to give the buyer a repair credit, which allows them to make the repairs themselves. The benefit to going this route is that you don’t have to oversee the repairs.
Repairs that are Not RequiredDamage due to normal wear and tear or cosmetic issues doesn’t have to be repaired by the seller.
Some contracts will expressly state that the buyer cannot request cosmetic repairs and can only ask for the required repairs listed above. But state laws will also affect the seller’s liability for any issue uncovered during an inspection.
Make sure that you understand your local ordinances to know which repairs will be your responsibility.
Negotiable Home RepairsSomewhere in between the required repairs and optional ones are repairs that are negotiable. How they’re handled is really dependent on the market.
If it’s a seller’s market, the seller has more leeway to call the shots. If it’s a hot seller’s market, the contract may state that the buyer will purchase the home “as is” or may only request an information only inspection. Such language in the contract would absolve the seller of any need to pay for repairs.
In a normal market, a seller would not be able to enlist such hard and fast rules.
It’s up to the seller to determine how to negotiate these repairs. Some offer a home warranty, while others may choose to offer something of value to the buyer.
Tips For Redecorating While On A Budget
Most homeowners have a desire to decorate in a manner that suits personal tastes while also being visually appealing. All those home magazines make it look so easy, but can also come with steep prices. When you are limited to a budget that’s somewhat smaller, you can still achieve the look you desire without breaking the bank.
ReuseBefore you start buying new furniture, bedding, and fixtures that will quickly eat through your budget, start by taking an inventory of what you already have. Think about ways that things can be reused. Simple furniture pieces can be painted or even just have the hardware changed out that will change the way a piece looks.
Many types of furniture can serve a different purpose. An unused dining table can become a desk. That old sofa table can be used as a mobile bar if wheels are added. Even a broken dresser can be salvaged and transformed.
Simple AppearancesBigger is not always better. Sometimes a few simple changes can make a big impact, with minimal expense. Updating paint colors or just adding an accent wall is one way. You can also change out throw rugs and light fixtures. A small thing, like changing lamp shades or the glass covers on your ceiling fans or overhead lighting, can have a big visual impact as well.
Add covers to pillows and duvets to bedspreads. But what is a duvet? Think of the duvet like a pillow case for bedspreads. You can put an existing bedspread inside the duvet and create an entirely different look. Duvets and pillow covers can be purchased in a variety of patterns and colors, but you could also make your own if you want something more custom.
Thrifty ShoppingIf you still plan to make some purchases, consider used pieces. Second-hand or thrift stores are often great places to buy décor items without spending a fortune. Wholesale, liquidation, and salvage places can also help save some money. Remember to consider possible alternate uses for items as well.
Keep your eyes open for things that people are trying to sell, too. Visit yard sales and flea markets. You can find a wide variety of items that people are selling for low prices. Swap meets are also good places to locate what you might need, while giving you the opportunity to get rid of something that no longer suits your tastes or needs.
ArtworkAn alternative to pricey reprints, or even more expensive originals, is to create your own artwork to display. Try your skill at painting or decoupage. Frame your child’s latest art piece. You can even find free artwork to print and use at home. Spruce up some old wooden frames. Things like foiling and sponging can help you turn drab frames into decorative displays.
One at a TimeThe most important thing to remember is to take it one step at a time. Try not to redecorate every room at the same time. You may need to divide your budget into chunks for each room that you want to redecorate. If you go room by room, you may find that you have some money left over that can be used for other rooms. By going one room at a time, you can avoid getting overwhelmed because you have taken on too much at once.
There are numerous options for redecorating on a budget, regardless of how small that budget might be. In your redecorating efforts, you can make huge changes just as easily as you can make small ones, both impacting the final result of a room. In the end, your home can be a display of the things you enjoy in an atmosphere that best suits you.