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Updated almost 2 years ago on . Most recent reply

User Stats

53
Posts
8
Votes
Sam Tright
8
Votes |
53
Posts

Marketing the property for sale during an incremental rehab

Sam Tright
Posted
I currently have a property being marketing for an owner finance buyer at a fair as-is price. I am considering rehabbing it and raising the price as each piece is taken care of. On my list:

1. Roof leaks
2. Door, window, cabinet misalignments
3. Rodent infestation
4. Carpeting
5. Paint
6. Debris/sweep up

Each area would bump the price $4,000 or so if I were to split it evenly (total rehab from a contractor is $25,000).

Do you guys like or dislike this idea? I haven't heard of others doing it this way.

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