If you have recently inherited an older house in Little Rock, you may be feeling overwhelmed by the amount of clutter and possible repairs needed. Here are ways to deal with an inherited home that are manageable. However, you first must decide if you are going to keep the home or sell the property. Some of the items below apply to both options of keeping or selling.
Decide If You Will Keep Or Sell The Property
If the home has no mortgage, perhaps this home will be the perfect starter home for a family member. Perhaps you could use the home as a vacation rental or a full-scale rental property. Before considering the vacation rental option, read this information from the legal experts at NOLO on vacation rentals. If you are considering going the full-scale rental option, read this article comparing the rent vs. sell options for more help in your decision-making.
5 Tips If You Are Keeping Your Inherited Home in Little Rock
Unless the inherited home in Little Rock is new or newly remodeled, which most inherited homes are not, you may have a considerable amount of work ahead of you. However, keeping it for the right reasons, or selling it may make the efforts worth it.
- Make a list of what needs to be done. Start by making a list of all the items that need attention, such as painting, updating fixtures, and removing clutter. This will help you prioritize tasks and determine what can be done now versus later down the line.
- Get organized and Declutter. Empty out rooms from top to bottom so that you can get a better assessment of how much work needs to be done. Make sure everything is properly labeled and sorted into boxes for easier transport or disposal if necessary. When tackling clutter in an inherited Little Rock home, it’s best to start with one room at a time. This will help you stay on top of the task and give you an idea of how much work is required in each area. Sort through items – Take some time to go through all items in the Little Rock house and decide what should be kept, donated, or thrown away. This is often a difficult process but can be made easier by enlisting family members or friends to help. Get organized – After sorting through items, get your Little Rock home organized so that everything has its own designated place for easy access when needed. This could involve buying storage containers, bins, shelves, and other organizational tools that make the home look neat and tidy. Here is more advice on decluttering and organization.
- Learn about the home. Do some research on your new Little Rock house to learn more about its history, any previous renovations, and other potential problems. This will help you better understand what needs to be done and how best to take care of the property.
- Make a budget. Create a budget for repairs, renovations, and general upkeep so that you know exactly how much money you need to spend. Keeping track of this information can be beneficial when it comes time to start tackling projects as it will help keep you focused on the task at hand and make sure all associated costs are taken into consideration.
- Find a reliable contractor and spruce up the home for resale.If there’s major work to be done such as plumbing or electrical, you’ll need to find a reliable contractor who can do the job up to code. Ask for references and make sure to research each potential option thoroughly before signing a contract. If most of the work consists of things you can do yourself, then get started! The first step in sprucing up an old Little Rock house is giving the exterior some much-needed attention. This can include pressure washing, painting, or replacing any broken or outdated features such as shutters, windows, and doors. Once the outside of the Little Rock house is looking good, it’s time to tackle the interior. Think about what needs to be done to make the home more livable and stylish, or sellable such as renovating old bathrooms, replacing flooring, or adding modern fixtures.
3 Options for Selling An Inherited Home in Little Rock
- Hire a real estate agent to help you out. A professional realtor will be able to assess the condition of your home and advise you on what needs to be done to make it more attractive to potential buyers. This could involve investing some money into repairs, staging the home, or even helping with the decluttering process.
- For sale by owner. Try selling your home on your own. While this may take a bit more effort, it can be a great way to save some money on commissions and fees associated with hiring an agent. You will need to start by listing the house online or in local publications, and then you’ll have to manage any showings that come up.
- Consider selling the house to a cash homebuyer such as Little Rock Home Buyers. At our company, we will make you a fair offer with no pressure within about 24 hours of our first conversation. If you accept our offer, we can usually close on the sale within a week. Remember that you will not need to make any repairs, updates or declutter. We take care of all of that for you. There are no inspections, no extra fees like closing costs or commissions. You can read more about how we operate here. You can read some of our reviews here. We have a reputation for professionalism and integrity. You have nothing to lose by investigating this option further. Give us a call today at 501-580-3035 or fill out the form here on our website. We hope to hear from you soon.