That really does depend on the repairs needed. You definitely want to pesent the house with all FHA required repairs done. You may not want to totally renovate your house, as you may not see your investment back from expensive renovations. But, there is about a 60% chance that the prospective new buyers will obtain FHA financing and some repairs would be required before they can finance the house, and, buyers, for the most part, do not make repairs before they actually own the house.
If you plan on listing your property for sale with a local Realtor then that Realtor should be more than willing to go to your house and look at which repairs would be required and which repairs will pay off.
I have been a full time Realtor in the Metairie area for 22 years and would love to be that Realtor.
RE/MAX Real Estate Partners
4141 Veterans Blvd. - Suite 100
Metairie, La. 70002
Each office independently owned and operated.