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Old 10-17-2008, 11:33 AM   #41
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Ask a realtor.

I would suggest changing the carpet, but do it much closer to when house goes on market. I would update curb appeal (landscaping and outside) if selling in June as well.

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Old 10-17-2008, 07:40 PM   #42
Give me a museum and I'll fill it. (Picasso)
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Oh - large mirrors to enlarge rooms and put (reflected) windows with views on windowless walls. Also, many people have a positive reaction to seeing themselves. Gee - would i buy me?

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Old 10-18-2008, 06:58 AM   #43
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They will pay only to rebuild our home, where it is, exactly as it was when it was built. It was built in the 1890s. Is this rule what homeowners insurance is with every company?
Only if the home owner pays additional premiums for "replacement cost". Otherwise the asset is "depreciated" for wear and tear. As an example, I got 19k for a kitchen fire in a rental ... but the payment was just under 14k after depreciation. Became my own GC and did what I could (paint and trim) and completed the job for ~11k.

Factor in loss of rents (also not covered on this policy) and I broke about even. Would have lost $$ if I hired the whole job out.
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Old 05-05-2009, 08:35 PM   #44
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Thanks for everyone's suggestions on this thread - here's what we ended up doing:

- New carpet throughout
- Newer (used) stove and refrigerator - this made a huge difference
- Minor re-do of 80's 1/2 bath - new light, vanity top, faucet, flooring
- Update all the cheap 80's light fixtures

Altogether this cost us about $3500. With some staging help from the realtor, the house looked really great. Then we priced it the same as similar houses that were decidedly mediocre-looking.

We put the house on the market at the end of February and had about 25 showings in three weeks, when other houses were getting a couple per week. The comments from realtors were very complimentary, but no offers due to small size, odd layout, backs to a busy street. But we still got a decent offer after 3 weeks and accepted it - we're scheduled to close at the end of the month.

It's not a completely rosy story - we're bringing about $9K to close, but this was still our cheapest option as far as I could figure. And prices have only continued to go down so I think that's about as good as it was going to get. Next time we know to be more careful on the front end and not be so quick to buy!

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Old 05-05-2009, 09:25 PM   #45
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Congratulations to WM. Selling in this market is a feat. We congratulate you!
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Old 05-06-2009, 07:55 AM   #46
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Yes, congratulations, WM! In this market, bringing $9K to close is not too bad sometimes.

And only three weeks on the market before you got an offer? That is a dream come true.

I will be putting my house on the market sometime in the coming year. In preparation for that I plan to take care of lots of deferred maintenance (minor hurricane repairs, mostly), get rid of most of my furniture, box up the clutter, put in new carpet, and paint. Maybe my realtor will have some ideas, too.
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Old 05-06-2009, 08:12 AM   #47
Give me a museum and I'll fill it. (Picasso)
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Good for you using preparation, the right price, & a Realtor. We've had a place on the market since November of last year - paying heat, water & electric bills the whole time. Catching a modest amount of flak for not having it rented the last 6 months as the bills keep coming in.

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