There is little doubt that some homeowners struggle with selling a house in Orlando. The traditional real estate process requires time, money, and effort. What if your house also has defects that are costly to fix.
Here are a few general guidelines that apply to most homes.
Do you have cracked walls? Doors that won’t close? Or bulging floors? Any of these issues could mean you are experiencing foundation problems.
If you are wondering how it happened, the answer can be pretty simple: most often it’s due to a variety of soil-related problems, the most common of which is water. The cost of repairing a damaged foundation is upwards of $10,000 depending on the damage. Foundation repairs are one of the scariest home repairs you could face and if not taken care of on time they can lead to major structural problems within your home. The process can take up to several weeks and it could leave you with an empty wallet.
Roof Repair & Replacement:
While you’re busy protecting the foundation of your house against water damage, water could be pouring in or making patches in the ceiling. Just like the foundation, the roof is vulnerable to leaks, rotting or even worse. Curled and missing shingles, as well as spot leaks, are pretty easy to fix however if the damage is too extensive you might have to replace the entire roof.
Roof repairs and replacements are one of the most expensive renovations most homeowners in Orland will eventually have to do. According to the data published by the National Association of Realtors in their yearly report Cost vs. Value published in the Remodeling Magazine, a new shingle roof in Orlando Florida costs on average $19,931 while its resale value is only $15,958. This means that you will be able to recoup only 80.1% at resale.
Harsh weather, time, and a poor maintenance can all lead to permanent siding damage at your home. No matter if your house is covered in wood, aluminum or vinyl water can pass damaged sections and lead to rot, insect invasions and interior damage Painting the siding can be a moderately expensive cost, however, if a full-on siding replacement is required it can be just as expensive as a new roof. According to the same report published siding replacement in Orlando costs $13,696 and it will have a resale value of $14,000. This results in a recouped cost of 102.2%.
Window repair is one of the tasks that need to be addressed immediately for both safety and economic reasons. Depending on the size of your home, the number of windows you have, the type of finish/quality and finally the type of damage needed to be repaired can drastically vary the cost.
For a complete window installation to your entire house, the overall cost can be very steep. In Orlando, the average cost for replacing your windows is $18,240 having a resale value of only $12,545. The cost recouped value of this project is 68.8%.
These are just a few of the significant repairs that could seriously break the bank. If your home is in need of major repairs you should seriously consider selling your house in Orlando to a home cash buyer. You should take into account that the average payback on remodeling projects across the US is 63.7% while the average payback on replacement projects is 74%.
Generally, buyers are very wary of buying such a property, even if you offer them a price reduction. However, home cash buyers expect to rehab the house so selling your house to an Orlando cash buyer is ideal if you don’t want to spend money up-front on repairs, renovations or on remodeling. Gardenia Homes can purchase your property no matter how rundown it is. To avoid these extremely costly repairs gives us a call at 407-490-3564 or fill out our form and get a fair cash offer within 24hrs.