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Updated about 2 years ago,

User Stats

65
Posts
51
Votes
Kellan Martz
  • Attorney
  • Los Angeles, CA
51
Votes |
65
Posts

Cost to paint a house in Cleveland - Fix or Sell?

Kellan Martz
  • Attorney
  • Los Angeles, CA
Posted

I own single family home in a C+ area in Cleveland. The city mandates lead paint testing. I need to paint the home interior and exterior to pass testing. I have gotten two quotes. The one I like slightly better is below. I have owned the home for 2 years. Tenants have been good (pay on time, minimal repairs) but are messy and said they may move out soon. I have 3 options. A) Sell it with repairs needed, B) sell it after doing paint/repairs, or C) make repairs and keep it. I am leaning towards option A or B. Bought it at $45,000. Could likely sell it as-is for $65,000 or after repairs for $75,000 or $80,000. Repairs would be a tax write off potentially. 

Thoughts? Thanks in advance

Exterior paint is $7,500 for: 

- Scrape and paint entire exterior of the
home - (2 story structure)
- Scrape and paint (13) windows
- Scrape and paint awnings
- Windows and trim to be painted white

and interior paint is $3,800 for:

- Make various drywall repairs
throughout the home (walls and
ceilings)
- Paint all interior rooms to include
walls, ceilings and trim

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