We are currently the owners of two houses and wish we owned only one, but, unfortunately, our old house is still on the market. It has now been on the market for two months and that sucks because most of the houses in the neighborhood are moving pretty quick. When John and I bought the house, we thought the green tile in the house "wasn't that bad" and we bought it anyway and lived with it.
Apparently, only the first owners liked it enough to put it in, we didn't mind it, and no one else agrees with either of us. The only real comments we get on the house for feedback are "out of our price range" or "hate the green tile". So we are now going to have to spend money to remove and replace the loathsome tile just to get our house to sell. Argh. We were willing to give a flooring allowance on the sale, but no one can see past the green tile it seems to get that far.
While I'd love to put in something cheap (e.g. carpet) our realtor thinks we should put in another (non-green) tile to keep the home value. I think our home value is there with carpet given all the other upgrades, but we haven't totally decided what to do. Whatever it is we are going to do it fast so we can try and move this house. Just sucks. Essentially we are going to guess at a neutral flooring and spend money on it and it may or may not get a buyer.
Lesson learned from all this: Never buy a house with something that makes it hard to accept/resell unless you immediately fix whatever the problem is and can enjoy it yourself.
12 years ago
2 comments:
That just sucks. I'm surprised that tile would really make it more valuable - guess it's a TX/FL hot state thing. If it makes you feel any better (or not), we didn't make anything off the LC house... we barely broke even after putting the new roof on for the buyers. So putting in hardwood floors, updating the kitchen /slate backslash, updating all door hardware and light fixtures... yeah, it was only for our benefit and getting the house sold quickly.
Fingers crossed for you guys! Hopefully neutral flooring will get it moving fast.
That sucks about the LC house for you, not a happy thing to break even on that. We'll still profit on the house even with spending money on the tile at least, especially since insurance bought our roof for us last year. I feel the same way though on upgrades, we put time, effort, and money upgrading all these things in the house like both bathrooms but when it comes right down to it where is that "80% Return" realtors say you get?
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