If you’re someone that is trying to sell an ugly house in Miami, you’re probably wondering if you’ll ever be able to sell your house. But don’t worry, you have options when it comes to selling your “ugly” Miami house. Read on to find out your multiple options.
What is an “Ugly” House?
First, let me define the term “ugly” house. An ugly house is a house that is in poor condition or one that is not attractive to prospective home buyers. For example, a house could have major structural issues that scare off potential buyers or the house could be located in a high-crime neighborhood. Basically, if you have a house that is a hard-sell to prospective buyers, then it can be considered an “ugly” house.
Options Based on Your Budget
If you’re hoping to sell your ugly Miami house, there are multiple ways of doing that, but each option will cost you a different amount and have a different amount of impact on your sale price.
Option 1: Sell with an investor or home flipper like Express Homebuyers.
- Cost: $0
- Impact: Your home is sold quickly and easily, but the sale price will be slightly below market value.
Option 2: Clean and declutter.
- Cost: $100+
- Impact: If your house is ugly because it is dirty or cluttered, this can have a large impact. If your house has structural issues, is in a bad neighborhood, or has another major issue for why it isn’t selling, then cleaning will only have a minimal impact on your sale price.
Option 3: Paint, flooring, fixtures, and appliances.
- Cost (average for a 1,500 sq. ft house):
- Interior Paint: $2,200
- New Flooring: $4,500
- New Fixtures: $1,200 with installation
- New Appliances (stove, dishwasher, microwave): $1,300
- Impact: Painting your home, adding new floor coverings, new fixtures, and appliances will cost around $10,000 according to investfourmore.com. This repairs alone will have a large impact on your selling price, but you will still have to decrease your home price based on any other major “ugly” issues.
Option 4: Fix major issues (Ex. New Roof, Foundation Repair).
- Roof: Remodeling Magazine reports that a full roof replacement will give you a return of 53.4% and that a minor roof rehab will give you a 61.7% return.
- Foundation Repair: Janine Acquafredda, a New York real estate agent, recommends homeowners disclose their foundation issues to prospective buyers, but do not fix them. Prospective buyers that worry about foundation issues will most likely cross off your house even if the foundation was fixed.
- Rewiring: If you have an old house with knob and tube wiring, you’ll most likely have to replace all of your electrical if you want to sell it. Most insurance companies won’t provide home insurance for a house with knob and tube wiring. This will cause buyers to write off your property automatically.
- Plumbing, if you need all new plumbing, then chances are you wouldn’t be able to sell your house on the market without replacing the plumbing. In this case, you need to make the repairs or sell your home with an investor.
If you’re hoping to sell your ugly Miami house, keep in mind how long each of these options will take, your budget, and the difficulty level of each option. For more information on how to sell your Miami home, read “How to Sell Your South Florida Home Fast!”