As the real estate industry evolves along with the rest of the changing world, more opportunities to cut costs, save your client money, and better your reputation emerge. It is important to reflect on these advancements and communicate them to your client so they are saving the most money they can. Sometimes, these opportunities to save money have been around for decades and are not the result of some recent development—they just slip by unnoticed.
Whatever the case, here are a few tried and true tips to save your clients the money they will appreciate:
Don’t call professionals for minor repairs.
So often, homeowners will ring a maintenance professional for clearly minor issues like a leak toilet, for instance. In reality, a leaking toilet is an incredibly easy repair and can often be fixed just by watching a YouTube tutorial and following instructions accordingly. Direct your clients to the proper instructional video or free online resource to save them from needlessly calling a professional.
Ditch extended warranties.
Although extended warranties may seem like they’re worth it at the time, the truth is they are unnecessary for those with the highest price tags. High-grade appliances like your refrigerator and oven generally will not need any major repairs before they need to be replaced completely, so it doesn’t make sense to pay extra for an extended warranty. In fact, your clients would be significantly better off stashing the extra cash in a savings account of some sort.
Forgo storage if possible.
Considering the average cost of a storage unit today is anywhere from $50-$300 a month, is it really necessary? For the most part, your clients can just trash or sell unused items, and store the things that truly matter in their home. Additionally, your clients can reorganize their home storage or maybe even institute some slight renovations like building out window seats with drawers to gain more space.
Just by following these very simple tips, your clients and other homeowners alike can save $1k+ every year. By giving sound financial advice and remaining available to speak with prospective homebuyers, you will develop a prestigious reputation for financial nuance, and your clients/customers will pay you in kind for it.