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Updated over 9 years ago,
Do I fix up my duplex before selling?
Hi I have a duplex in Hermosa Beach (4 blocks from sand). It currently has 3 guys in each unit in there twenty's. Needless to say they are slobs. I want to sell my duplex. I have been told that they are hot now and will sell for top dollars. One of the units has it's original kitchen and baths from the 70's. The other unit I remodeled 12 years ago and is looking quite thrashed, at minimum needs new floors. Part of me feels I should try to fix it up before selling but with the tenants in there that might be hard. To kick them out and fix and sell, I would be loosing $7,000 a month. How important do you think it is for me to try to remodel the units before selling? My buyer might be someone who wants to live in one unit and rent out the other unit? The sale price would be between 2.3 mil and 2.6. mil. I feel like once you get into that price range its all about location but I could be wrong. Would love to get your thoughts on this.