You are reading a single comment by @spindrift and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
spindrift
My nan has moved into a home and won't be going back to her house again.
My parents are trying to work out what to do with her place - either the rental income or sale cost are needed for the care home.
The house definitely needs a lot of work - rewiring, old polystyrene tiles ripped out and new ceilings, new carpets, new kitchen at the very least.
The options would be:
A) Rent out as is
B) Refurbish and rent out
C) Sell as is
D) Refurbish and sell
Option A seems unlikely, B seems the most sensible. The place is in Chingford which is increasingly where Walthamstow price exiles are heading (but my parents aren't, so I will probably have to do a lot of the organisation).
If they decided to sell, I would rather buy a house that was a C than a D - but I know that discussion has been had in here before and that opinions are mixed, and I guess society at large would probably rather a neutrally-renovated house than a fixer-upper.
I don't really know what to advise them - I think B, unless there are strong opinions otherwise?