Timing issue: pre-renovation.

[Chase Farley]

Hello!

My wife and I are finalizing on a triplex in a mountain Ski-town. The property is currently a C+ to B-, and the interior/exterior/common area is in need of cosmetic repairs.

The problem is that we will not be able to do a complete renovatation until the summer due to financial and timing issues. We will be able to have the available unit furnished, with a fresh coat of paint and other touch-ups, but the kitchen, bathroom, and deck would still be outdated.

I have two questions: 1) in terms of the reviews and quality, would this affect our future listing of the finished property; and 2) are there any other issues to know about for a property that is pre-renovation?

Thank you!!

[Nancy Bachety]

Nah, just be candid in your description and price it accordingly. “Pre-renovated pricing, 70’s style bathrooms and kitchen. Go skiing, come home and put on those spandex pants. High hair optional. New owner will be renovating summer of 2021 so be sure to check us out next year too.” You get the jist. And be certain to update your photos and make reference to your new look, even go so far as comment after your early reviews about the upcoming renovations so you build your paper trail. Stowe is beautiful. Congratulations!