That's a no-brainer.
You're right: The owner will want his own carpet, wallpaper, and colors. They all do.
You clean up and fix up the house so it doesn't look like a dump. If it absolutely needs new carpets, put in new carpets. I'm sure it needs paint. And so on.
Most of your prospects won't come into a fixed-up house and say, "Oh, golly gee, I wish it looked like a dump." Now, real estate INVESTORS will. There's nothing worse for an investor than looking at a home that's already been "fixed up" with granite and stainless steel. It shows that the seller wants (and expects) top dollar.
But that's not your situation. The people considering buying your home won't have much imagination. They'll see what's there, not what the potential might be. So you make sure that what's there is attractive and appealing. If they still want new carpet or paint, let them put it in.
True story: I've renovated a 2 bedroom manufactured home (sales price $13,000) and a nice townhouse (sales price $600,000). In both cases, the buyers came in, ripped out some of the improvements, and put their own stuff in. But if we'd have left the properties in as-in condition, the sales prices would have been about $9,000 and $435,000. I had 4 people put down deposits on the manufactured home, and the townhouse sold in 6 days.
Certainly check with your Realtor on where you'll get the most bang for your buck. That'll depend on where you are, what the house is like, and what your buyers expect. But, without a doubt, renovate.
Hope that helps.
1. Sell "AS IS"
2. Renovate prior to selling
3. Do a minimal repair, clean up, paint, organize, etc. campaign eliminating big ticket expenses
but doing enough to allow the home to make a statement on its own.
The third option should/could be things that a "weekend warrior" or "midnight cowboy" could tackle during some free time. Making a big difference doesn't have to cost a fortune.
The Real Estate Professionals, Inc
The most inexpensive way to improve your home is with paint. I have a color that is the best and works with all homes. Feel free to contact me if interested in using it.
Also, if the carpet is in decent enough condition to be professionally cleaned that should be fine. If it is really bad I would suggest replacing it if you can. I work with a company that allows for a 'buy now pay in 12 months with zero interest' which is ideal for someone like you.
You said you had a beautiful house so I would suggest making it beautiful again for potential buyers by doing these simple things. Find an agent who has experience and credentials with staging who can help to best assist you with this. They can also advise you on how to avoid 'over improving' for your area. I just listed a home that was basically rehabbed because the former tenants had trashed it. It is unfortunate and I am sorry it happened to you. Don't worry it doesn't take much to make a BIG difference with condition. Good luck!
buyers visit, and more than that how it compares in price and condition to similar properties currently on the market. The price has to be enticing to the buyers to make the changes themselves...
Also the decision will depend on what needs doing and how much it will cost you.
If it is just carpet cleaning and painting (careful chose some interesting, en vogue, yet likeable colors)
window cleaning and may be a new stove it may just be worth doing it, if more is involved and much
higher cost, may be not so financially worthwhile.
You need to connect with a good Realtor in your area, and get a good market evaluation, what you
can price it for, what it will sell for, what has sold that is similar and what is currently competing with yours cuss what should be fixed, painted or and the cost and with the help of your Realtor you will be able to make the right decision.
Also a property that is well priced and shows well on photos, clean and nice, will sell definitely faster!
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I would need to see the property and then run comps for you in order to give you the best advice.
Feel free to contact me and we can set up a time so I can view the property.
Kimberly Collins, Realtor, ABR, GREEN, SFR
Keller Williams Agent Leadership Council for 2011, 2012 & 2013
PA License # RS303924
"A Refreshing Real Estate Experience"
Keller Williams Realty Group
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I have generally found that cosmetic fixes like paint & carpet pay for themselves and then some. People think they can see past these items, but most can't. Even those that may be able to see past them, may not have the additional cash or time to make the changes and if they do, want to receive a substantial discount for their trouble.
Ask your local Realtors what they think before you decide. Look at the competition in your price range to see how they stack up to you home.