Selling inherited property as is or remodelling

newsgroupmonkey_

[Deleted User] said:

I have inherited a property that needs some renovation before it's livable. Ideally I can sell it as is and get rid of it ASAP. I have contacted an estate agent for valuation and I'll also ask them about this topic, but i don't know how much I can trust their answer as it'll be driven primarily by how much commission they think they could receive (too cynical?).

I'm interested if it may be worth hiring someone to renovate before selling to increase the value? I live nowhere near the property so I won't be able to manage the renovation. And this increases the time that the property  needs to be managed before I sell which is a potential burden.

Thanks

Just a heads up, generally to get a standard mortgage, it needs a functional kitchen and bathroom as well as hot running water.

So don't make it too much of a blank canvas.

dimbo61

If it has a working kitchen and bathroom then you can get a residential mortgage on it.
If there are 12 chairs in the living room it will look crowded and small.
So clear all the junk.
Less it more when taking photos or Staging a property.
If it has a double bed then potential viewers know it's a double bedroom.
Kitchen table and 4/6 chairs = Dinning room 
Don't spent a Penney more than necessary.

newsgroupmonkey_

dimbo61 said:

If it has a working kitchen and bathroom then you can get a residential mortgage on it.
If there are 12 chairs in the living room it will look crowded and small.
So clear all the junk.
Less it more when taking photos or Staging a property.
If it has a double bed then potential viewers know it's a double bedroom.
Kitchen table and 4/6 chairs = Dinning room 
Don't spent a Penney more than necessary.

Lol. We crossed over posts

Ramouth

I’m another for doing nothing but decluttering and cleaning.  I’d be tempted to get the carpets cleaned rather than taking them up - you never know what’s underneath!

[Deleted User]

[Deleted User] said:

OK I think it is clear I should sell as is. Some of the carpets are badly stained from animal urine and droppings, perhaps it's better to remove them?

I was planning on hiring a company to remove the furniture and the items that could go charity, and do a deep cleaning.  I've throw everything else in to a skip and cleaned a little myself so people aren't uncomfortable entering the property.

It's close to UWE in Bristol, so it'll probably be sold to someone planning to rent it to students. I suspect they will jump at the opportunity to buy a house in this condition as they have experience quickly renovating as cheaply as possible.

Should I consider getting a RICS evaluation, or leave that up to the buyer?

I’m near Bristol and Im selling my late parents house 
Also a probate property in complete need of doing up  
I just cleared everything out and had the garden cleared 
I had lots  of offers and it’s sold STC within a few days 
it still cost me £950 to clear the house and £575 to clear the garden 
If you price it to take into account the work that needs to be done you will still probably get offers over what you want 

[Deleted User]

I just read that you don’t live local 
if you need recommendation on a local house clearance firm feel free to message me 
the one I used was excellent 

Grumpy_chap

Sell as it is - let the new buyers do what they wish to make it their home.

[Deleted User]

[Deleted User] said:

[Deleted User] said:

OK I think it is clear I should sell as is. Some of the carpets are badly stained from animal urine and droppings, perhaps it's better to remove them?

I was planning on hiring a company to remove the furniture and the items that could go charity, and do a deep cleaning.  I've throw everything else in to a skip and cleaned a little myself so people aren't uncomfortable entering the property.

It's close to UWE in Bristol, so it'll probably be sold to someone planning to rent it to students. I suspect they will jump at the opportunity to buy a house in this condition as they have experience quickly renovating as cheaply as possible.

Should I consider getting a RICS evaluation, or leave that up to the buyer?

I’m near Bristol and Im selling my late parents house 
Also a probate property in complete need of doing up  
I just cleared everything out and had the garden cleared 
I had lots  of offers and it’s sold STC within a few days 
it still cost me £950 to clear the house and £575 to clear the garden 
If you price it to take into account the work that needs to be done you will still probably get offers over what you want 

We filled a 12 yard skip and now there is only furniture and stuff that could go to charity shops. Oh and a double garage full of stuff. We'll use a company for all this once it's sold. I'll dm you.