Refurbish or sell?

Life__Goes__On

Not sure it's a valid point,  as you will be selling it cheaper without the work, it would open up to more potential buyers.

Scotbot

Life__Goes__On said:

Not sure it's a valid point,  as you will be selling it cheaper without the work, it would open up to more potential buyers.

Whilst more people could afford it some won't even consider it. It's a different set of buyers for a fixer upper to a move in ready property but there's not necessarily more of them. A poster further up quoted 1.5k for a bath but he did a lot of the work. I  don't have the skills so if I look at a fixer upper I add on the cost of paying someone to fix it, which brings the effective price back up again

peterhjohnson

Doing up a property and then selling it is best left to professionals. I sold a doer-upper once and it was sold about 6 months later for a huge price. They put a sizable extension on it as well as the doing up. I certainly didn't want the hassle and didn't have the knowledge.  In some cases, putting an extension on would be a mistake because a property could become too expensive for the street. So many ways to go wrong!

Woolsery

Life__Goes__On said:

Not sure it's a valid point,  as you will be selling it cheaper without the work, it would open up to more potential buyers.

As someone else has said, there are different sets of buyers with little overlap. Only if a property is quite special in some way will non-pro buyers who can afford the work and hassle take it on as a fixer-upper.

I still say get rid ASAP. The downturn has begun, trades are hard to engage with at present and sitting on an empty property is going to feel different  6 months from now