Advice on selling my first house?

[Asher Anthes]

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?

[Justin S.]

You should look at the comparable properties and do similar type finishes. I don't know your area to know which type of flooring is best. I personally would not do a laminate but that may be okay in your market.

Perhaps Bryan A. can chime in, he does flips in Charlotte and is very good at it.