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It's amusing how some people think they can buy a house and never do maintenance on it.
They think paint is a waste of money, and let the whole house peel away and rot, which is even more expensive to repair than painting. They don't understand the concept of an ounce of prevention.
They don't realize that maintenance is for their own benefit.
And then when it comes time to sell the junk heap, Agent writes "owner will not do any repairs", which is advertising to the world that this home is a sh-hole.
No one looks at the home besides lowballing flippers, and owners balk at their offers.
These people need saving.
Have you tried to sell a home without doing repairs? What were you thinking?
Sometimes the person selling it can’t afford it, or it’s the family of someone deceased. That’s what I see most commonly, not people who just don’t care but who are in tough situations or positions in life where deferred maintenance isn’t really a choice.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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We see fixers still going for over asking, especially if in a top school district. Even tear downs are getting multiple offers. I agree that regular maintenance and repairs maximize profits, but for someone that bought at $50,000 in 1980 getting close to a million now for a beat up place is still making a good profit.
This one made the news, and was two years ago, but prices went up 17.5% just in 2017.
I've known people who bought their first home, yet, grew-up in rentals or single parent homes ... and never learned about the importance of doing maintenance and repairs on a home. Thus, things fall into disrepair without folks realizing how bad things are getting.
If everything works, and is clean and maintained, but is not the latest trend - is that considered needing "repairs"?
If a room's paint color or carpet isn't to your liking, or if the kitchen appliances aren't stainless steel - is that considered needing "repairs"?
Just curious where the bar is set.
By OP’s description, it refers to not investing in the long term physical viability of the house, what would euphemistically be called “deferred maintenance.” The bathroom fan broke, and the bathroom is now mildest and dank. The siding needs significant work. The roof was patched or ignored altogether, and the feelings have water damage. Maybe the basement sump pump failed, and a crummy cleanup job was performed causing mold and wet and smelly conditions. A foundation issue that was ignored and now the house has a room that’s notably slanted...
I don’t get the idea she’s referring to Formica countertops.
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