Should I sell as is or invest in repairs??

Inherited my childhood home. 3/3 with a few acres. It’s not in the best of shape, and I am unsure about if the payoff in expensive repairs would be worth it or not. I’ve spoken with a few realtors who’ve given contradicting opinions, and I’m out of state from the property to do any intensive things beyond contracting people out. It’s middle of nowhere in the south, so it is a hot market but not near any sort of city life for a lot of competition or desirability.

One thinks I could sell as is for $135k However, another realtor thinks with repairs I could sell it for $175-200k

I’m mostly worried about investing in this much without getting anything back.

Current list of what i would need to fix:

No working HVAC upstairs. Only window units. It has duct work for a split unit already, but I don’t know the state.

Paint to give the house a face lift

Replace some rotten wood and close in an open side of the porch railing

Cut a tree looming over house

Repair a non functioning bathroom

Repair some exposed wiring from doorbell

I’ve been gradually trying to get in touch with various contractors, just trying to get a better general idea if there’s a particular direction that sounds most advantageous.

submitted by /u/arcosy
[link] [comments]

Inherited my childhood home. 3/3 with a few acres. It’s not in the best of shape, and I am unsure about if the payoff in expensive repairs would be worth it or not. I’ve spoken with a few realtors who’ve given contradicting opinions, and I’m out of state from the property to do any intensive things beyond contracting people out. It’s middle of nowhere in the south, so it is a hot market but not near any sort of city life for a lot of competition or desirability. One thinks I could sell as is for $135k However, another realtor thinks with repairs I could sell it for $175-200k I’m mostly worried about investing in this much without getting anything back. Current list of what i would need to fix: No working HVAC upstairs. Only window units. It has duct work for a split unit already, but I don’t know the state. Paint to give the house a face lift Replace some rotten wood and close in an open side of the porch railing Cut a tree looming over house Repair a non functioning bathroom Repair some exposed wiring from doorbell I’ve been gradually trying to get in touch with various contractors, just trying to get a better general idea if there’s a particular direction that sounds most advantageous. submitted by /u/arcosy [link] [comments]

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