- Joined
- Dec 27, 2007
- Messages
- 29
Hello,
I`ve purchased a property in the Courtice/Bowmanville area with the intention of re-selling. I purchased for $167K on a street where homes normally sell between 200-210K. After closing and insurance I`m at approx. $177K invested. I gave myself a budget of $15K which includes premium wood, carpeting, tile, washrooms, appliances, lighting, etc. The home will look great once it`s finished, but will continue to have an older roof and furnace (both function very well). With the current market situation, should I be investing a total of $192K with the intention to sell between 200-210K or should I budget less in order to sell for a lower price???
Any advice is much appreciated.
Thanks,
Martin.
I`ve purchased a property in the Courtice/Bowmanville area with the intention of re-selling. I purchased for $167K on a street where homes normally sell between 200-210K. After closing and insurance I`m at approx. $177K invested. I gave myself a budget of $15K which includes premium wood, carpeting, tile, washrooms, appliances, lighting, etc. The home will look great once it`s finished, but will continue to have an older roof and furnace (both function very well). With the current market situation, should I be investing a total of $192K with the intention to sell between 200-210K or should I budget less in order to sell for a lower price???
Any advice is much appreciated.
Thanks,
Martin.