Question Details

Melissa, Home Buyer in Massachusetts

I am buying my parents house which needs a lot of work done (new windows, floors, appliances, paint, etc.)..

Asked by Melissa, Massachusetts Tue Apr 29, 2008

the problem is, right now, the living room floor is plywood (they got sick of the dirty carpet a few months back and tore it up) well now, they would just put in a cheap carpet so the house would sell to anyone else but since I want to buy the house, I want hardwood floors installed. What's the best way to handle the situation? They are going to get less money because there is no living room floor so should they put in the $200 carpet just to make the house worth a little bit more? Should I put the floors in now so it's not considered an unfinished house at closing time and just take some money off the value of the house? Of course, my parents and I are going to try and work out a deal that works for the both of us. Any suggestions are appreciated!

Help the community by answering this question:


A house has to meet certain guidelines before it can be considered "up to code". I know that the fines vary depending on city/state, but in any case you want to avoid that kind of attention. It's best if the house is completely livable before you open it up for inhabitants. I hope that your renovating goes well!
0 votes Thank Flag Link Thu Feb 5, 2015
Maybe I'm missing something here, but the answer seems obvious: Buy the house in as-is condition, discount the price of the house accordingly, then you handle the floors in whatever way you like.

You should check with an accountant to make sure that the transaction is structured best for you and your parents. But, within whatever guidelines the accountant suggests, just buy the house. Don't overcomplicate matters.

Hope that helps.
0 votes Thank Flag Link Tue Apr 29, 2008
Don Tepper, Real Estate Pro in Burke, VA
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