To renovate or not? You decide.

By A. Ready | October 12, 2010 - 2:01PM

On Brownstoner, a seller teeters on the edge of renovation: "It is a beautiful space near the beach in Brooklyn but shabby looking with old floors and broken tiles in the bathroom and a very old kitchen that needed replacement. Everyone said not to renovate because the new owners would want to do it themselves a different way. The brokers and my friends all agreed so I did not renovate. However I am finding that when a possible buyer shows an interest he invariably mentions the condition and wants a discount of as much as %25 off of the list price. I am now thinking to go ahead and renovate. At least to change the floors. I hope I am not throwing money away but it seems more economical then lowering my price so dramatically to sell the apartment." What would you do?

Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.