In many cases it makes more sense to save the money, and if needs be, knock that amount off the asking price. The overall cost to the buyer is that way the same, but at least they get a kitchen etc of their choice.
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Except that in a slow market the savvy buyer [1] will also want money off for the inconvenient of waiting for it to be done.
tim
[1] which I accept doesn't include most FTBs
Having just been through similar with my own property;
Bathroom & kitchen are critical. White bathroom suite, coloured is a definite no-no.
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What I find most surprising about this thread is that it was a no-no much more than 12 years ago.
I remember the house that I bought in 1995 had a yellow suite and even then anything other than white could lose you a sale. I surprised that you could even buy a new installation in any other colour.
tim
The bigger question is will it (either updating or leaving as-is) make the house sell at an acceptable price in an acceptable timescale.
MBQ
Very often in early 80s estates it was the original developer who fitted coloured suites.
One estate in Towcester seemed to be exclusively coloured suites with matching Marley "texture vein" tiles. Oh and the hot air units from Johnson & Starley who were just down the road in N'pton.
MBQ
Why not put it on the market now at a price you would accept. If nobody buys it change plan and do the refurbishments and put it on the market again at the higher price.
One thing to consider: would the refurb push the house value accross one of the text thresholds causing a big jump in the tax-inclusice price? If so you might do better to sell without refurbs.
Robert
Please excuse a blanket response, but too many posts have come in since I was last here for me to reply to each individually.
Many thanks for all the extremely helpful and informative views, which actually in this instance outnumber the inevitable messages of childish bickering.
Bert
it change plan and do the refurbishments and put it on the market again at the higher price.
the text thresholds causing a big jump in the tax-inclusice price? If so you might do better to sell without refurbs.
IME nothing improves a house like replastering, and those guys can get through a lot in a day. A dead cert you'll recoup your costs
y buys it change plan and do the refurbishments and put it on the market ag= ain at the higher price.
Houses round here are *decreasing* by far more than the cost of even a decent tart-up, and they are still not selling even at the lower price.
Increasing the price in today's market would be pretty stupid.
MBQ
We are just selling my mother-in-law's flat. the advice form the agent was de-clutter, particularly personal object like family photos. BUT leave enough furniture so that people can see it fits in. Apparently people cannot judge the size of say an empty bedroom and imagine that beds cannot fit into an adequate space.
Jonathan
Houses round here are *decreasing* by far more than the cost of even a decent tart-up, and they are still not selling even at the lower price.
Increasing the price in today's market would be pretty stupid.
Except that it's a bungalow.
Typical purchase for cash rich retirees trading down
I have never been in a house that needs replastering.
In message , mogga writes
I think the above is true at times, but less so, now. The market is stagnant. Improving the house now may not increase the price (probably not), but may be the difference between selling, and sitting on the market for a year or more.
I've never lived in one that didn't need replastering
FFS.
That's because they do not plaster the walls of padded cells.
@x21g2000vbc.googlegroups.com...
I don't see it making any difference round here.
MBQ
We sold our house, including fitted carpets. The new owners had builders in who promptly parked their cement mixer on the living room carpet.
Thanks for that. The location is certainly favoured by elderly, mostly retired, couples and it's true that when my relative bought it he and his wife immediately updated both the kitchen and the bathroom.
For my taste, the most obviously unappealing aspect of the interior is the dark swirly-patterned wall-to-wall carpets so perhaps that's an area that could be addressed.
Yes, that obviously makes a lot of sense.
Bert
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