The house is generally in very good condition mechanically (newer boiler and on demand hot water heater, PEX supply plumbing, new outlets, switches, light fixtures, updated electrical panel with breakers, fresh flooring, fresh paint, etc).

Land clearing, exterior/interior paint, flooring, appliances, kitchen remodel, and some masonry work.

My colleagues daughter lives on the second floor and takes care of him. 

She has said that she would prefer to sell to someone from the neighborhood.The house is 4200sqft, 2 floors.

The leak damaged flooring and drywall, so the insurance company paid about $30,000 towards the repair and renovation.

New floors throughout, completely new kitchen and two baths and opened a wall that once separated the kitchen and dining room.

I bondowed the dents in the front door, scraped popcorn ceilings, trimmed the trees, replaced the floors (with luxury vinyl plank long before it was the fad.)

Upgraded bathrooms and kitchens; painted; carpeting/flooring What was the outcome?

We have used magnetic strips to do the same on floor vents in our old home.

If market rates were 7%...ok, then we have a discussion but the "floor" on most of those ARMS is just barely lower than what the current market rate is now.