When you are putting an offer on a home, multiple things are to be considered. One of those things is how much it’s going to cost to get the home ready to move in. If remodeling is on your list, the asking price is probably making you cringe. How much more will it cost to make a property your own? It turns out there are many financial options when it comes to negotiating home improvements into your sale.

1. Include Remodel Prices in the Offer

There is no reason not to lessen your offer if you think remodel costs should be considered in the negotiated price of the home. Additionally, if it is a buyer’s market, the homeowner’s may be more apt to accept such an offer. Be warned of lowering your offer to cover the costs of remodel. Your loan will also be less, so you’ll still have to find a way to come up with that extra money for the remodel.

2. Seller Pays for Remodel

You can also negotiate contingencies into your contract that say the seller will pay for repairs or improvements prior to closing. Sellers may agree to this for a negotiated loan amount or when repairs are necessary to pass a home inspection. This takes the responsibility of the repairs off of the buyer with the exception of any mortgage differences. Sellers have multiple options to cover these costs.

3. Loan with Remodel Costs Included

A buyer may seek out a loan that includes the costs of remodel. If a buyer has good credit, there is more likelihood that a loan of this sort will be approved. Not only does this free the seller from any connections from the home, but it also frees the buyer to create their own building plans.

4. Asks for the Necessities

Negotiation is the key concept when getting home improvements covered in your sale. The sellers may not be interested in helping you replace the wallpaper or creating an open concept kitchen. However, they may be accepting of more necessary items like a roof or windows. Make sure you try to get what you want out of a sale, but don’t lose opportunities because of being too rigid. Be flexible, and get what you can out of your purchase.

Rarely is an older home move-in ready without any paint or flooring changes. But when it comes to the necessities, make sure you have it covered in your home purchase or that you have the income available to make the repairs necessary.