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Started By
Message
Sell as is or do some improvements?
Posted on 6/22/22 at 10:13 am
Posted on 6/22/22 at 10:13 am
I live uptown and I'm looking to sell my house so I can move out of state in December for my job.
Half of the people I talk to say that I should sell it as is, the other half say otherwise. Nobody can give me detailed explanations or numbers to back up their opinion.
It was newly constructed in 2019. I'm looking to get the house landscaped because the yard is pretty ugly in the front and the back. The wood floors also need to be refinished. It would cost me a good amount of money but some people tell me I could make that money back and then some.
I understand selling the house as is in a market where people are buying houses like they're going out of stock. It appears that I have missed the boat in that regard.
I'm worried that if I put up the house like it is right now, it'll sit forever considering there are many houses in my area that appear to be fairly newer in a lot of ways. I'm also worried that if I put the money into making the house look brand new again, I'll be wasting my money.
Any info/advice will be appreciated
Half of the people I talk to say that I should sell it as is, the other half say otherwise. Nobody can give me detailed explanations or numbers to back up their opinion.
It was newly constructed in 2019. I'm looking to get the house landscaped because the yard is pretty ugly in the front and the back. The wood floors also need to be refinished. It would cost me a good amount of money but some people tell me I could make that money back and then some.
I understand selling the house as is in a market where people are buying houses like they're going out of stock. It appears that I have missed the boat in that regard.
I'm worried that if I put up the house like it is right now, it'll sit forever considering there are many houses in my area that appear to be fairly newer in a lot of ways. I'm also worried that if I put the money into making the house look brand new again, I'll be wasting my money.
Any info/advice will be appreciated
12
Posted on 6/22/22 at 10:16 am to sandwichcremes
honestly anyone buying will most likely intend to make some changes anyway so sell as-is would be more attractive to me as a buyer so i can do what i want rather then have something built different then i would want it but its new so you dont want to demo it and redo it
with bathrooms and kitchen remodels being the only exceptions, it is rare to get more value back when selling it, then you put into it for work you did.
in this market, people will not be very picky, its more about what they can afford, and yours being more affordable, makes it more attractive to buyers then those other houses and it will probably sell faster
with bathrooms and kitchen remodels being the only exceptions, it is rare to get more value back when selling it, then you put into it for work you did.
in this market, people will not be very picky, its more about what they can afford, and yours being more affordable, makes it more attractive to buyers then those other houses and it will probably sell faster
This post was edited on 6/22/22 at 10:22 am
Posted on 6/22/22 at 10:21 am to sandwichcremes
Unless something is actually broken, I would not.
Paint neutral colors
Declutter, declutter and more decluttering
Make yard look nice will be the best use of your money
You might get less per sq/ft but you wont be out of pocket much money
Paint neutral colors
Declutter, declutter and more decluttering
Make yard look nice will be the best use of your money
You might get less per sq/ft but you wont be out of pocket much money
Posted on 6/22/22 at 10:26 am to sandwichcremes
Your real estate agent is the only person whose opinion really matters on this. Having said that...
Up here with this crazy market, realtors have been telling folks to get the sign up in the yard asap and that is pretty much it. Anything that is clearly broken probably should be repaired but superficial things like paint, flooring, etc. definitely not worth the time, effort or $.
Up here with this crazy market, realtors have been telling folks to get the sign up in the yard asap and that is pretty much it. Anything that is clearly broken probably should be repaired but superficial things like paint, flooring, etc. definitely not worth the time, effort or $.
Posted on 6/22/22 at 10:35 am to sandwichcremes
Can you not just list it for a month to see? If it doesn't sell then use feedback from realtor. Just a thought.
Posted on 6/22/22 at 10:46 am to sandwichcremes
Seems like there's a consensus. I'll scratch the projects I had planned. Thanks guys
Posted on 6/22/22 at 10:47 am to LEASTBAY
quote:
Can you not just list it for a month to see?
I thought about doing that but I wasnt sure how a price increase would look to potential buyers
Posted on 6/22/22 at 10:55 am to keakar
My in-laws just downsized from their 9 acres, 3500 sq ft house with pool and pool house for $495,000. Pretty much a very nice, turn-key house. They spoke to the new owners this week and they are replacing all of the solid wood floors and tile throughout the house. There's never been animals in the house or young kids so there isn't any damage to the floors. It's simply personal preference. I'd sell as is. You will not get any return out of the repairs.
This post was edited on 6/22/22 at 10:56 am
Posted on 6/22/22 at 12:44 pm to sandwichcremes
This post was edited on 10/26/22 at 9:29 am
Posted on 6/22/22 at 12:46 pm to sandwichcremes
Sell as is. Someone will buy it regardless. Why spend tons of extra on building materials that will cost an arm and a leg, then put in the work, only for them to not really like it and change it anyways.
Posted on 6/22/22 at 1:28 pm to sandwichcremes
Not trying to be a dick but any decent real estate agent should be able to walk through and tell you exactly what needs to be fixed vs left alone to maximize profits. Especially if they have experience in the uptown Nola market
Posted on 6/22/22 at 2:16 pm to sandwichcremes
It was newly constructed in 2019. I'm looking to get the house landscaped because the yard is pretty ugly in the front and the back. The wood floors also need to be refinished
--
How the hell does a three year house need floors refinished?
Do a little landscaping in the front only for curb appeal.
--
How the hell does a three year house need floors refinished?
Do a little landscaping in the front only for curb appeal.
Posted on 6/22/22 at 3:01 pm to sandwichcremes
Some very good responses here.
I’ve been doing this type of thing for a long time. Here is what I would do
Landscaping- don’t get too fancy, just make it neat and attractive
Anything broken - fix
Clean and declutter. Really clean.
Not too much furniture
Wouldn’t touch the floors. You can spend thousands and chances are whoever buys the house will want something different anyway. If necessary, that can be a bargaining chip, you can give a floor allowance if need be.
That’s pretty much it.
Oh, and clean and declutter.
I’ve been doing this type of thing for a long time. Here is what I would do
Landscaping- don’t get too fancy, just make it neat and attractive
Anything broken - fix
Clean and declutter. Really clean.
Not too much furniture
Wouldn’t touch the floors. You can spend thousands and chances are whoever buys the house will want something different anyway. If necessary, that can be a bargaining chip, you can give a floor allowance if need be.
That’s pretty much it.
Oh, and clean and declutter.
Posted on 6/22/22 at 3:37 pm to ItzMe1972
quote:
How the hell does a three year house need floors refinished?
The construction company must've been super messy. Left multiple heel marks and paint splatters everywhere. Having a large dog doesnt help either
Posted on 6/22/22 at 4:07 pm to sandwichcremes
quote:
The construction company must've been super messy. Left multiple heel marks and paint splatters everywhere. Having a large dog doesnt help either
quote:
heel marks
easy to clean off
quote:
paint splatters everywhere
super easy to clean off
quote:
Having a large dog doesnt help either
this is your biggest and only real issue im guessing, unless they are the absolute cheapest of the cheap trash floors, it can be refinished with a simple clean and reseal coating to fix it
Posted on 6/23/22 at 6:59 am to sandwichcremes
As a few others have mentioned, bathrooms and kitchens are the only major items that generally get you any return or even break even. And those take time so probably not a good idea if you are trying to get in the market before interest rates slow it to a crawl.
Small items that can payoff, paint. Generally neutral colors and white.
If you are using a realtor, they may put you in touch with a staging person who will walk through with you to suggest some changes that make the house more appealing. They will probably make several suggestions that are cheap to implement and create a visually appealing look.
Small items that can payoff, paint. Generally neutral colors and white.
If you are using a realtor, they may put you in touch with a staging person who will walk through with you to suggest some changes that make the house more appealing. They will probably make several suggestions that are cheap to implement and create a visually appealing look.
Posted on 6/23/22 at 11:40 am to sandwichcremes
Our house is currently on the market and we have similar issues.
Built in 2015, the builder grade paint shite is awful so it needs to be painted. Floors need to be refinished as well and a good carpet cleaning.
We offered a paint allowance and all that, no traction with any showings. So I did a clean and reseal of the hardwood. Cleaned carpets, then I went out and bought the same exact builder grade crap paint and painted it all. Then touched up the trim, had some baseboards replaced from dog damage.
We are definitely getting more interest now. It's been our experience, people want turn key.
Built in 2015, the builder grade paint shite is awful so it needs to be painted. Floors need to be refinished as well and a good carpet cleaning.
We offered a paint allowance and all that, no traction with any showings. So I did a clean and reseal of the hardwood. Cleaned carpets, then I went out and bought the same exact builder grade crap paint and painted it all. Then touched up the trim, had some baseboards replaced from dog damage.
We are definitely getting more interest now. It's been our experience, people want turn key.
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