Preparing Your Silicon Valley Home to Sell: What Will It Cost?

Planning and Budgeting to Sell Your Silicon Valley Home

monopoly housePreparing your San Jose area home to sell should be done enough in advance of when you want to have your home go on the market that any unplanned repairs can be completed first (without a lot of time pressures) so that you net the most money possible from the sale. It’s hard to know how much time to allow for the unknown, but my suggestion is to provide yourself a month or two, if possible. Three is even better.  If you want to sell this upcoming spring, it’s smart to get started on your plan now.

In Santa Clara County, we have very mild winters and it’s not usually difficult to get most repairs & remodeling done even in winter (unless they are “outside” repairs and we’re in the middle of a rare El Nino year).  If you start now, you should have no trouble finding inspectors (presale inspections are more than just a good idea!)  and contractors. If you wait ’til March, you may not be on the schedule of your own choosing.

So where to start? What to budget?

dollar-billIn my experience, most Silicon Valley homes that have been lived in for many years often have 1 – 2 % of the value of the home needed in repairs, landscape freshening and staging prior to going on the market. The longer you’ve been in the home without doing periodic inspections for termites and other pests, on the roof or structure of the home, the more likely that number will creep upwards. If your home is young and you’ve been there a short while, chances are good that this doesn’t apply to you. (more…)