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Updated almost 12 years ago,
Advice on selling my first house?
Okay, so I'm getting ready to buy another house and then do some quick rehab on my current house and sell it. I've budgeted 15-17k for repairs.
The carpets pretty much all need to be replaced (2000 sq feet or so. The kitchen isn't in great shape, and I manage a cabinet company so re-doing the kitchen will be cheap. The roof also is pretty old (does not leak) but probably needs to be replaced. Also, some minor landscaping.
My question is, should I do all of this before putting it on the market, or... should I just do the landscaping, minor paint touch ups, maybe re do the kitchen, and then offer an allowance towards flooring and roof once I get it under contract?
This way, the buyer could get exactly the floor they want, and I also cover myself a little by not putting a lot of money into it before I have a contract.
I owe $114,000, After repair value is about $190,000 right now.
What do you think?