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Real Estate
Reply to "WWYD: Great interior, terrible backyard?"
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[quote=Anonymous][quote=Anonymous]I'm guessing that after spending so much on the interior, the current owners were probably spent out (at least for the mean time) and couldn't get to the landscaping just yet. If they were thinking of selling the house, then they were smart...interior renovations yield greater returns than landscaping when selling. I don't think you're in a bad position, just bid low enough so that you have the money to do the landscaping...which ain't cheap if you want a really nice job done.[/quote] We are in a similar positon to these sellers. We renovated the interior (and front exterior for curb appeal) of our rowhouse very nicely and it looks greats, but didn't have enough cash to do the (relatively small but larger than average for the neighbothood) backyard. Issues are surmountable (nothing major, just not a nice backyard now), and if we had 30K or so extra we could do something nice to it. We are planning to sell in a year or two. Is it worth streching to do something that looks nice for a sale? Or just leave it as it is and be ready to accept a slightly lower offer than if we had done something? In other words, what's the return on a for-sale backyard reno?[/quote]
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