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Elderly parents
Original poster

What to do with run down house?

54 replies

Rebecca9210 · 28/01/2021 17:59

My grandad is going into a care home. He has left his house in a state. It needs new boiler, new electrics, everything. Would you pay to have it all done up or sell it at a loss?

OP posts:
TeaAndHobnob · 28/01/2021 19:38

Yeah sell as is. Doing the same currently. Estate agents have all said 'project' houses go quicker than ones that have been done up cheaply. Clear it out, tidy the garden, give it a clean and get it on the market.

Clymene · 28/01/2021 19:36

Sell it as is. Clear out the rubbish and carpets and furniture and you'll make a much better price.

lucyposting · 28/01/2021 19:35

You won't be selling it a loss though will you, you will be selling it for what it is worth. I would think in the current market you would do well to sell as is as there are people looking for projects, not much on and prices may well drop next year if we enter a recession. Possibly more importantly, are you in the business of doing up places? You could easily end up over-spending and then actually selling for a loss.

thesandwich · 28/01/2021 19:30

It depends on local demand- and how soon you will need cash.
Could you ask a couple of estate agents opinions?