Reply to sell as-is vs renovate

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[quote=Anonymous][quote=Anonymous]So sorry about your husband OP. I would only do renovations if they are relatively cheap with big bang for your buck. Especially if it is possible your house will be bought as a tear down. So if you have an outdated bathroom, consider doing a cheap reno with a local handyman of new tiles on the floor, bath fitter (plastic bath surround if the shower is ugly), new toilet, new paint on walls, and new home depot vanities. Could do it for 10K. But wouldn't do a whole kitchen. Would do a paint job on the inside and replace any old carpet. Unless it is a tear down (which you can tell from local sales in your area at 500K- did they turn those into new houses?)

[b]Then if you sell, maybe you could get a rancher one level[/b][/quote]

She will have a hard time finding an inexpensive ranch home inside beltway that's cheaper than her home , or it may not in the area she would even consider living in.  Ranch homes are also not very common anymore as they had been prime candidates for tear down for decades now.   She may want to look into mobile home community where she would get a manufactured 1 level home with a yard, not sure how common these are, I haven't seen any in DC metro, but they are more common in other areas.

Problem with her selling the house is that it's not expensive enough to cover the move to another house (1 lvl) inside beltway.  She didn't say how much she would be willing to compromise to make this happen and what lifestyle changes would be ok with her.  Condo won't work for her with 3 dogs.  I sense that she wants to sell (especially to get 500K tax free) and maybe needs this change, home isn't satisfying her needs anymore and is more of a burden, plus expensive to maintain.  unfortunately I don't see how she can downsize without going into a suburban condo or a mobile home community or a bad neighborhood or far out into more rural and lower COL parts.  She needs to talk to her kids TBH and come up with some long term plans.  With RE inside beltway so out of reach for most young people her kids may want to inherit the house and could help her with the costs.  Also she could rent an apartment instead of buying which is always cheaper than cost of ownership in expensive COL places. [/quote]

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