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Old 11-04-2009, 05:50 AM
cschin4 cschin4 is offline
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But I've had some interest from people to buy it as a fixer

I think you would be much further ahead to sell "as is" rather than sink $50K of work into a $90K home. The problem with remodeling is that it will increase the home's value but not as much as you hope it will. And, usually, the value goes up but not to the amount you sunk into it unless you are in a hot market. In addition, your vision of the remodel may not be what someone else would have done. Many people want to come and fix it up themselves and put their "stamp" on the home. If you have interest now, then you should sell it now. With taxes, insurance and contracting costs, I doubt you will make any money and possibly could lose money undertaking a major remodel. That might be fine if you are well off financially and can afford the risk and possible loss. If not, sell. But, obviously you should clean, clean, clean with bleach and scrub it from head to toe, paint and do all the other inexpensive fixes that make a home look well cared for.
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