It basically needs paint, flooring, hvac. Contemplating whether to put 50K or 100K in to it. it's owned outright and would be put on the market. I guess my real question is who are the buyers and what do the buyers in that specific neighborhood want. Is it pergo or real hardwood, is it maytag or viking?
Answer these questions and you will get your answer.
Sheryl Arndt, Real Estate Broker â€“ Sr. Loan Officer CA only
REO & Short Sale Specialist
20+ Years Experience
Are you an owner who is going to stay or are you an investor?
How much did you pay for the house or have you lived in it a long time?
What are specific house values in your area for comparable homes when you are done renovating?
You do not want to IMPROVE the house beyond the neighborhood; having a palace among shacks will not do.
The most important factor right now, is that most buyers do not have excess cash once they Close on thier house; they are looking for a turn-key that matches their taste.
The common thins are hardwood floors, remodeled kitchen with Stainless and Granite, Crown mouldings with Neutral walls and updated baths.