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Renovations on parental home, who is in a care home

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Comments

  • GDB2222
    GDB2222 Posts: 26,286 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper

    @morris369 To answer the question you actually asked, as attorney you are entitled to apply for any loans or grants that your mother would be entitled to. You should be careful about eligibility. For example, if there’s no heating, grants may depend on whether your mum is actually living in the house.

    If you are going to be paying for the work yourself, even funded through a loan, it’s often not worth while doing much. Paying a chap to paint everything with white emulsion might be, though.


    No reliance should be placed on the above! Absolutely none, do you hear?
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    If you really believe it is worth more than people are offering buy it for more do it up and make a bit.


  • HampshireH
    HampshireH Posts: 4,955 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    I can't see how renovating or renting it out is in her best interests unless you are 💯 sure that you will get back what you put in.

    As it's mortgage free the best option is to sell and bank it.

    Disclosing the area and value would help as per posts above. But if you spend even £10k putting a new bathroom, carpets and decor in you may not see that back OR you break even and then what's the point.

    Note: I don't think the comment about a deprived northern area is offensive..... There are houses going for pennies (compared to the south where a wreck stills costs a ridiculous amount) in some areas surrounded by boarded up streets. There are deprived areas in the north. It's not a stereotype it's a fact.

    Doozergirl didn't say all northern areas.
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