Dealing with a damaged home can be a complicated and emotional process. Not only do you have to figure out what you are going to do, but you likely have quite a few memories in your home, which can make this more difficult. When it comes to dealing with the damage, there are a few different paths you can take.
Sell As-Is
If you don’t want to take the time to repair it, you can sell it as-is. This is a great option when the damage is extensive enough that you just want to move out, or if you don’t have the resources to make the necessary repairs. As-is sales can be difficult in a traditional real estate market, but they are actually very easy if you consider using a cash sale. Cash home-buying companies will evaluate your home based on its value, and you don’t need to worry about making any of the repairs. They will estimate the cost of the repairs and make you a fair offer based on that.
Repair It
If you aren’t ready to give up on your home and the damage isn’t too extensive, you can make the repairs. Repairs can be expensive, so make sure you set aside the money to ensure everything is done properly and safely. Some people find that doing renovations and repairs on their home can be a great bonding activity for their family. This is also an opportunity to truly customize your home to be what you want. Just make sure that you leave anything like electric wire, plumbing, and other specialized repairs to the experts. Nothing would be worse than trying to fix this yourself and doing more damage or causing an accident.
Donate It
Many people don’t think of donating their homes, but this can be very valuable for people in need. There are plenty of organizations out there that will accept damaged real estate and fix it up as housing for families, veterans, and other people in need. If you are in a financial position to afford this, it can be a big blessing for your community. Make sure you do your research to make sure you check all the boxes legally and that the organization you are working with is a legit charity.
Dealing with home damage is exhausting and overwhelming at times. Make sure you ask for the help you need and lean on your support system. They are there to help you and make sure that you are taken care of as you figure out your next steps.
Considering selling your home? Check out what our home-buying process is here!
