Mom's moved into care facility.
Need to sell her condo to afford ongoing monthly expenses.
3 bed 2 bath ~1100 sq ft.
This unit is +50 years old.
The kitchen and both bathrooms need to be updated – BADLY. No one is going to view this as move in ready.
An investor (most likely scenario) is going to gut it all: cabinets, existing flooring, plumbing fixtures, etc.
Is there a case to spend $1500-$2000 on new carpet before listing this unit to "improve" its attractiveness/salability?
This unit MAY fetch $350,000 if we are lucky.
It will be aggressively priced to sell fast – and the overall market for condos in her area is slow – though it is rare to see a 3/2 in her development.
Thoughts?
New flooring for quick sale? – 50 year old condo unit
byu/icarrythebag inRealEstate
Posted by icarrythebag
7 Comments
Maybe, maybe not. The opinion of a seasoned local realtor would be worth more than anyone here.
Give a flooring allowance in the contract?
I would say no if everything else needs updating. Just sell it as is.
I would not do carpet IF you decide to do flooring. LVP is so much better looking and most people are going to want that and not carpet. Good luck with the sale!
No, price it accordingly and don’t invest money. Now, if it was overall pretty nice just had old, stained or ugly carpet. I’d highly encourage you to replace it.
Want to be sure your hoa allows hard surfaces. But I reccomend LVP throughout the entire house. Should be able to do all new flooring and baseboards for around 5k
Nooooooo