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Updated almost 5 years ago,
not sure If I should just list this property as-is or do reno
TLDR: Got a good deal on a property. It is super clean and actually very well kept. I don’t know if I should list it as-is, do some minor reno or go all out. I do not have the ability to calculate which would give the best result.
Walk through: https://youtu.be/plRb6aX1e2M
2 images: https://imgur.com/a/JIdhtih
Purchased for 131,000. Zillow estimate 215,000 Could sell for 220,000-230,000 all fixed up.
Not sure what I should do. Can make 20,000 wholesaling it, 3 buyers wanted it for the 152,000. I listed it at (before I knew it’s condition).
Major flaw is the pool which the lining needs to be replaced and equipment serviced.
It’s outdated but maybe I can just list it as-is after fixing the pool?
At minimum I want to paint interior walls and all doors.
Or I could go all out and reno kitchen and bathrooms with low cost ikea material.
Or I could just reglaze bathroom tile and tub white so they don’t look so outdated.
Carpet is not the greatest color but in excellent shape except in 2 bedrooms where it doesn’t match and is older
Is it stupid to rip out all the flooring and lay down tile over the entire house?
Roof installed 2008
Sort of confused what to do
I don’t know if it being a rental is a good idea because of the pool
This is right at the median home price for the area
This would be my first flip. I usually wholesale. Figured this would be a good first house to give it a go at