Disclosure is required. It can be tempting to do some work yourself or hire a non-licensed person to handle repairs around your house. However, when you decide to sell your home, repairs and improvements may have to be disclosed to potential buyers. You want to be able to provide solid documentation from a reputable source when the buyer asks for it. This certainly doesn’t mean that your painter or landscaper has to be licensed nor does it mean you can’t do some things yourself. My dad can build a house from the ground-up if he wanted to but as qualified as he is his credentials don’t hold much value when selling a home. Why? Because the buyer (and the real estate contracts) wants to know that a qualified professional handled repairs properly and they want someone to take responsibility for their work. This becomes even more important with big-ticket items like: roofs, foundations, plumbing, electrical and AC systems. Make sure you hire experts in those areas and have them provide receipts, documentation and warranties (if applicable) that will transfer to the new buyer.
Liability. Hiring a professional for certain repairs and improvements will put the liability on the shoulders of the contractor instead of you. This can be helpful if the buyer’s inspector finds issues that need to be addressed; you can use your warranty from the company you hired. It can also reduce your after-closing liability by using a company’s transferrable warranty that the buyer receives. That way, if work needs to be done after closing you don’t have an angry buyer calling you and saying that the pipes you supposedly “fixed” are leaking again. Don’t put yourself in that situation. Use licensed contractors when it makes sense and keep good records.
Josh Hayles | 409.739.7709 | Josh@MyDailyHomes.com