Selling a house that needs some renovating

ladyabouttown

I've seen places where developers spent £15k on new kitchen, bathroom, painting and carpets. 3 months later sold it for £100k more.

Newly_retired

I have a similar property on the market. We have done all that is advised in various posts above but after 9 weeks we have had no offers, though several viewings.
We have an acceptable modern kitchen, good modern bathroom, modern combi boiler, new drive, so all the expensive jobs are done.
Windows are fine, roof and structure sound.
We know the wiring does not meet current standards and will come up in any survey, but felt it was not worth sorting this before marketing.
Three rooms have been replastered and decorated, as they looked awful once fixed shelving was removed, but the rest are just clean and tidy and will need decorating. Some bare flloorboards, some plain but oldish carpet is left in, but we felt it looked better than bare boards.
The property is empty and chain free, and we are paying someone to keep the garden tidy.
We are hoping it will sell soon, but any advice is welcome.

AdrianC

ladyabouttown wrote: »

I've seen places where developers spent £15k on new kitchen, bathroom, painting and carpets. 3 months later sold it for £100k more.

Haven't we all...?

But we've also all seen places where developers have spent far more than they intended, then had a heck of a job selling the place for anything approaching a profit.

Yes, if you get it right all the way down the line, you can make a decent sum out of refurbishing or developing a down-at-heel property. But key in that HAS to be buying at the right price, and there's so many people who've watched the same TV programmes and think it's an easy route to yachts and tropical sunshine that they push those buying prices to the point at which money can't be made,

Which is GREAT if you're in the OP's position... Just froth a few of those speculators up, sit back, and watch them fight over it...

AdrianC

Newly_retired wrote: »

I have a similar property on the market. We have done all that is advised in various posts above but after 9 weeks we have had no offers, though several viewings.

We are hoping it will sell soon, but any advice is welcome.

As ever, a RightMove link will help immensely - but the usual reason is that nobody's seeing the potential at that asking price.

Newly_retired

Sorry, am not going to provide a rightmove link.
Price is well below others of similar size and location but better presented.

dominoman

Newly_retired wrote: »

I have a similar property on the market. We have done all that is advised in various posts above but after 9 weeks we have had no offers, though several viewings.
We have an acceptable modern kitchen, good modern bathroom, modern combi boiler, new drive, so all the expensive jobs are done.
Windows are fine, roof and structure sound.
We are hoping it will sell soon, but any advice is welcome.

Move it to London and watch them fight

AdrianC

Newly_retired wrote: »

Sorry, am not going to provide a rightmove link.

Furry muff, but it does - of course - restrict advice.

Price is well below others of similar size and location but better presented.

Clearly not well enough below for anybody to think it worth their while.

AndyT678

Newly_retired wrote: »

Sorry, am not going to provide a rightmove link.

No real need to; the answer is always the same. The price is too high.

Newly_retired

40k below the price of a similar but higher spec inhabited property.

AdrianC

Newly_retired wrote: »

40k below the price of a similar but higher spec inhabited property.

Your putative buyers don't think that's enough.