Tina Hillel wrote:According to the realtor, we can put some sweat equity in (and of course money) to boost the appeal, but unless it is major landscaping there is no real money back. Unless that is what attracts your buyer vs them thinking "what a dump, I will offer less." Especially since we can either make a bunch of trips to the dump or cough up the money to get a dumpster and save time and work.
I like our realtor as she seems pretty realistic.
Mike Jay wrote:My humble opinion is to do as little as possible that still makes it livable for you and reasonable to sell. Finishing window trim and making it "finished enough" is good. Landscaping and most of the other stuff probably won't return half of what you put into it. I'm guessing fencing will pay back about $5 on your $2500. With things like repainting, fences, outside structures, landscaping, etc there's a very good chance the new owner will say "Why did they put the fence here? Now I need to move it. And why did they paint the house blue? I'll offer less to cover my cost to repaint a neutral color."
The only risk in my mind is that if you leave it in too unfinished a state, your neighbor will be in a position to low-ball you.
The only things I can think of that will pay back more than you invest in them are those few things that currently keep the place from being livable or attain financing.
As a side note, we sold our house ourselves. Saved a ton of money on realtor fees but it did consume about 20 extra hours of our lives. That's not always possible with a relocation but if you know the buyer already....
4. My home is unfinished, and I am hoping to get it finished within the next 2 years. I still have to do mostly window/door trims, backsplashes, and I have to put in septic as well as finish the exterior siding (about80% done now) and paint it all. I may also connect it to grid electric, but I'll talk to a local real estate agent before I do that to make sure I'd be able to recoup the cost.
Bethany Dutch wrote: The low-balling thing is basically what I want to avoid, so YES that's the big thing. I don't care about making it pretty (unless I do end up staying another decade which I doubt) but I do want to use my time wisely to invest as much of my time/sweat equity to maximize the equity I get out of it in the end when I sell. I intend to ask for fair market value, so i want to maximize that with minimizing my time and money inputs.
And yeah I think we'll do it ourselves, doesn't make sense to use a realtor when we can just hammer it all out ourselves. nice to know it will only take about 20 extra hours!