[Closed] Selling an old terraced house, that was a rental property

I totally renovated an old terrace for around 15k in materials. Everything just about. Depends how handy you are and what time you have.

I’d redecorate and fit new kitchen, if you’re lucky and have decent trades there may not even be that much delay and you,could always put it up,for sale before the work was finished if needs be.

How much spare time have you got? If time rich then renovate, probably make a small uplift.

If you've got loads on already, then just flip as it is and let someone else have all the hard work as I doubt there's a killing to be made.

Depends on a few factors I guess.

Unusual question...it almost sounds like you are a property developer?

Sell as is - everyone wants a fixer upper. Especially if there’s a chance of getting sold before the stamp duty window closes.

Ask a local estate agent to value as is vs done

Or watch homes under the hammer

its not my house and never will be,sadly,

its owned currently by an old chap who wants to sell off his rentals, but should he spend some money on redecoration orand a kitchen or sell quick and loose some money.

So do magnolia walls and white doors add to the resale price along with a basic kitchen and white goods or sell as a do er upper as stated above by someone.

Me id sell as it is, let somebody find all the faults youll find as you start painting and tidying up as well as the disruption of adding a new kitchen.

In his shoes I'd just flog them just get a good deal out of the estate agent

3 be terraced are flying out within days in parts of Wirral at the moment.
A full refurb on your own would take months, I'd sell now.

edit: Where is it?

Stamp duty waiver ends on 31st March next year, which means any sale needs to get going now. Stamp duty savings are pretty much going into the pocket of the seller because it’s inflated the sale prices, so I’d advise get cracking now. Unlikely to recoup that saving by waiting till next year and refurbing

Yeah sell now coz of stamp duty holiday ending...

Is owner asking you for advice? I hope you're not charging 😂

depends on the value the 3 bed terrace ex-rental I sold last year was on for £350k, I think this year it'd be closer to 400ish - at that price the stamp duty makes more of a difference, but there's also more scope to improve (especially if some of the things are as bad as suggested - no central heating or double glazing at all? or old CH and DG? there's a big difference in value) - but the flipside is there's also not-insignificant cost of mortgage and council tax whilst you're doing the work which eats into profits (even if mortgage free, the money could be elsewhere doing more)

I'd probably look at the prices of a do-er-up-er and a done house, work out the labour\materials, decide whether the faff is worth it. If you can get away with a lick of paint, new carpets, and new kitchen unit fronts, do that to spruce it up

Unless something changes as we near the deadline or if your local areas services are moving faster you could be looking at a 5month sale process.

Sell now, stamp duty saving will pay for the kitchen for a prospective buyer.

Hmmm, depends about local market - we had advice that for selling a first home type house you should do it up as buyers are getting their first mortgage and will be using savings to get their deposit together and unlikely to have cash to spend on doing the place up.

IMO if it's a nice area I wouldn't bother if you're just going to put in a cheap kitchen and fittings, do it to a pretty high spec and it will sell for top whack and quickly.

Depends entirely on location all answers are complete guesswork without this.