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Real Estate
Reply to "Selling a house that is dated and "worn.""
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[quote=Anonymous][quote=Anonymous]Why are people so mad on this thread?[/quote] Right? The entitlement is weird. If OP doesn't renovate the house will sell for less. This could be appealing to buyers who actually want a fixer upper and would prefer to select all their finishes. That market definitely exists, especially if the house is in a good location with good schools. Not everyone thinks of buying a house as a finished product and some like the idea of getting more equity out of their purchase when there is room for improvement. Or OP could do a full renovation and sell the house for a lot more. This will price out a lot of buyers but will be appealing to those who have the capital to purchase and want a turnkey home with new everything.There are two risks with this approach. The first ist hat sometimes renovations cost a lot more than whatever increase in price they will bring on the market. Especially true if the renovation isn't just about updating cabinets and appliances but about moving walls and plumbing. The other risk, which OP is already aware of, is that renovations necessarily requires you to make choices about how the house will look and if you don't feel confident in your ability to make design choices that will meet market demands, it might hurt more than it helps. Better no renovation at all then a bad renovation. OP could also do a light lift on the house to make it more appealing for buyers but without spending tens of thousands on a full scale remodel. This could be a broad range of changes from simply painting and doing key repairs to actually taking on some of the smaller renovation projects to make the house look less dated -- replacing tile, flooring, and other design choices that may be a turn off for buyers but are cheaper than gutting the place and starting fresh. This could be a happy medium but carries the same risks as both of the first two options depending on how much it costs and how much you do. But regardless of what OP does, no one on this thread will be required to buy the house. So I'm not sure I get the outrage here. Who cares? It's not your house, OP can and should do whatever makes sense for them.[/quote]
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