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Real Estate
Reply to "Renovation budget before listing"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think you either do very little (clean, easy repairs, paint, mulch) or you renovate the whole thing. The middle ground is expensive with poor returns. But you need to ask a few agents in your neighborhood with good track records. [/quote] I very much disagree with this. Depending on the specifics it may involve painting, certain flooring options. My elderly relatives' estate house was in good shape and some updates, but had 1950's green tub and tile - it got re-glazed white and you would never know. This was right in the DC area, though not super-hot for teardowns in the immediate vicinity. The house itself was good and in solid shape. I had been thinking I would like this type of update to my house myself several years into living here - though I have no intention of moving. It was an eye toward the "low hanging fruit" of a low budget and getting bang for your buck on widely-appealing renovations.[/quote] A friend of mine bought a home that had this done in one of the baths and another had been "renovated." Within the year it became clear the plumbing needed updating/redoing so everything had to be torn out and redone including the plumbing. I don't think you should renovate baths unless the plumbing is fine or you redo the plumbing. People especially first time homebuyers seem to forget about what is behind the walls. We redid it, but knew (thankfully) there was an issue and put that into our offer. Always think about that when buying an older home! [/quote]
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