TLDR- Can i subtract paint and bathroom upgrades from closing cost, or do i need to paint everything white to list and show this POS house?
Hello all, my wife and her aunt own our current home, weird situation but it is what it is, the aunt had her agent walk the home and talk about what needs to be done to list, they said we need to paint the interior to neutral colors, update master bath, and a few other tiny things. We are currently closing on a new home, just wife and I, and I really just want to walk away from the old place, are the repairs/paint/updates something that can be subtracted from asking price/closing, or is it really important to have white walls and an updated bath on a 1987 manufactured home? Current interior paint is as follows- living room= canterbury bells aka light purple/violet, kitchen and secondary bath=light butter yellow, kids room=baby blue and canterbury bells. Master bedroom=Light gray.
Its not my home to sell but my cost to pay to update/paint so I'd rather put money into the new house and forget this place ever exsisted, sorry for the rant i've been doing trim and fascia all week.
Sell as is or put in the work prior to listing?
byu/Thesurfinbum inRealEstate
Posted by Thesurfinbum
4 Comments
fix small things (paint trim, re-caulk). don’t do rennovations
OK, your paint sounds incredibly too specific you want that neutralized.
If you want a quick sale, do the reno. if you want to sit and wait for a sale for months and get low balled, do nothing.
Painting is usually always worth it, you get your money back and it improves the marketability. Yes to neutral colors, off-white is better than gray because gray is on the way out. You can DIY this especially if you have friend who will work for beer and pizza you can knock it out in a weekend.
But I would not update any fixtures or spend any money other than that. Clean clean clean, remove as much stuff as possible (only keep what would be in an Airbnb, just basic essentials). Clean up the landscaping. If the yard is sparse a couple pre-done pots full of currently blooming flowers from home depot are nice to put around the entry or back patio. If you can figure out how to keep them watered if the house is vacant. No flowers are better than dead flowers.
The agent knows this will make the house sell faster and easier, which helps them. But you can’t know if this will make it sell for more money. And it probably will not.