From closing costs to basic home prep projects like carpet cleaning and staging, homeowners can spend between $10,000 and $55,000 to sell a house, depending on location
Nationally, U.S. homeowners spend $15,190 on average in extra or hidden costs associated with selling their home, according to a new analysis from Zillow® and Thumbtack. Since most (63 percent) of today’s sellers have never sold a home before, some of these costs could come as a surprise.
More than eight out of 10 home sellers make home improvements before listing. While some sellers prefer to complete these projects themselves, those who outsource can expect to spend more than $2,650 nationally to cover staging, carpet cleaning, interior painting, lawn care and house cleaning – five of the most popular seller home prep projects.
“Sellers need to consider these additional, often necessary costs when planning to put their home on the market,” says Lucas Puente, Thumbtack economist. “While it’s clear these costs vary widely, often times the easiest way to ensure a home is fully prepared to be sold is to hire local, skilled professionals to help with basic home projects.”
These total hidden cost of selling can vary, from $13,000 in Atlanta to $55,000 plus in San Francisco.
According to ConstructionDIVE, “Apart from routine maintenance and repair work, homeowners are eyeing value-add upgrades such as smart technology, built-in bars and marble countertops, according to real-estate listing website Redfin. Lower-cost outdoor renovation work is also piquing owners’ interests, as they look to make homes livable for themselves now, in anticipation of selling at a higher value later on.”