Mailbag: What Home Improvements Will Give the Biggest Value Boost?

How should you spend your home improvement money best before listing your home? How do you know if you’re emotionally ready to move? Find out on today’s podcast. 

In another mailbag episode of the podcast, Angie answers questions from listeners just like you! Do you have a question regarding buying or selling your home?

Ali in Raleigh says her dad has offered to help with her down payment for a home. Are there any limits to how much a family member can contribute? Angie says there are a few ways to do this. The money could be given as a gift or your relative could be a co-borrower. Working with a mortgage loan professional can help you figure out what’s best for your situation.

Ben in Chapel Hill has $10,000-$15,000 to put into new improvements before selling their home. What will give the biggest value boost? Angie says to go toward cosmetic improvements such as interior paint and landscaping.

Sal in Carolina Beach is worried that they will get a great offer when selling and then the buyers will ask for a discount due to repairs. What’s typically reasonable during the repair request part of the process? This is a buyer beware state. As a seller, you don’t have to make the repairs, but then the buyer can walk away. Right now, a lot of buyers are putting down significant due diligence, which means leaving the ball in the seller’s court.

Tina in Wrightsville asks how do you know if you’re emotionally ready to sell your home? Some people are more sentimental about their home than others. It’s okay if you aren’t emotionally tied to your home. What do you need that’s missing? What do you like about it currently?

Listen to the entire episode or skip ahead to a particular question using the timestamps below.

0:38 - Mailbag: Are there limits to how much a family member can help with down payment?

2:22 - Mailbag: What home improvements will give the biggest value boost?  

4:55 - Mailbag: What happens if the buyer asks for a lot of repairs?

11:16 - Mailbag: When are you emotionally ready to sell your home? 

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The Host:

Angie Cole - Contact - Call: 919-538-6477

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