If you are a homeowner looking to sell your house, you may be wondering if it will be possible with a bad driveway. Driveways can make a bold statement when you list your home for sale. If your driveway is lacking luster or efficiency, there are some things you may want to consider before putting your home up for sale.
Driveways in bad condition can lower your property value, deter potential buyers, and increase the length of time your house may be on the market. You may never have realized the overall impact the condition of your driveway may have on your selling process. Yet, many purchasers take the condition of a driveway into consideration when weighing their options on a new home.
Bad Driveways Could Lower Property Value
If your driveway is looking pretty rough, it is probably safe to say that you have already lost some curb appeal. If you have researched anything prior to selling your home, you probably know that curb appeal plays a major factor in how quickly a house may sell.
When you have an inefficient driveway that is in need of repairs, it can cause your property value to go down. This is obviously not beneficial to you when you are trying to sell your house for the best price you can.
If you are able to repair or replace your driveway, you may be able to help increase the property value of your home before it goes on the market. Experts say that you can see an ROI of anywhere from 25%- 50% when you replace your driveway. This is something to really consider before putting your house on the market.
Damaged Driveways May Permanently Deter Potential Buyers
Driveways are considered big-ticket items to those looking to purchase a home. Buyers may want you to cover the cost of a new driveway as part of the purchase agreement. With your drive being one of the first things a potential buyer may notice, the curb appeal may completely deter potential buyers.
If your driveway is not aesthetically pleasing in its current condition, you may want to consider repairing or replacing your driveway before you begin the selling process. You do not want to lose potential buyers before they even have a chance to look at your home. It may save you some time and stress in the future to go ahead and tackle this problem before listing your home.
Driveways Needing Repairs May Extend How Long Your House is on the Market. While you can list your house with a bad driveway, you should consider how long your home may be on the market because of your driveway. If you decide not to replace your driveway before listing it, you should be aware that it may be on the market a lot longer than other homes in your area.
If a house is for sale down the street and they have a new driveway, they may very well sell before one with a driveway in bad condition. If you are looking to sell your home quickly, you may want to consider a driveway repair or replacement.
When it comes to selling a house with a bad driveway, it may be better not to. Take some time to really research your best options before deciding to list your home. You may end up selling your house quicker and for a better price if you decide to replace or repair your current driveway. If you would like to discuss your options, contact Breck’s Paving today.