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Fix up or sell as is?
pla_cebo
Posts: 8 Forumite
I live in a small mid-terrace Victorian 2-bed house in Ipswich which I purchased for 70K in 2002. Whilst I’ve managed to pay off the mortgage the property is in a state of very bad repair. The house would need a complete refurbishment; new roof, wiring, plastering, flooring, kitchen and so on. How would I go about deciding whether it would be better to sell as is or invest the costs of fixing up?
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Comments
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Do you now own the property outright? Why have you owned the property for nearly ten years but done no necessary maintenance during that time? Have you done a full costing of what repairs are necessary and compared that with other properties in the same state versus properly repaired ones?0
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Get the work costed up. Speak to agents about what they feel it is worth in its current state and having been refurbished. Do your own reasearch on price also.0
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