When it comes to home repairs and selling a home, most experts would say it all depends, as repairs could either significantly increase – or do nothing – the value of your home. For one thing, some repairs are non-negotiable, especially those that could turn your home into danger if left unaddressed. These include issues such as major water damage and leaks, problematic plumbing, old or outdated electrical fixtures and cables, and serious issues involving your roof, basement, and foundation. Another potential area of concern includes the lack of any safety equipment, including smoke and carbon monoxide detectors.
But not all repair work can be considered urgent, especially if it does not address a serious problem and, therefore, does not change the needle on how much a potential buyer is willing to pay . These repairs are usually small and can be explained as part of wear and tear over the years. They can include small repairs to your existing carpet or floors, windows, window treatments and fixtures, as well as chipped or scratched paint, wobbly door handles or damaged and dirty gaskets.