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Updated almost 12 years ago,

User Stats

107
Posts
13
Votes
Asher Anthes
  • Charlotte, NC
13
Votes |
107
Posts

Advice on selling my first house?

Asher Anthes
  • Charlotte, NC
Posted

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?

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