It has now been close to a month since my father passed away. We have sorted through most of the house, choosing what we want to keep and what we want to sell or donate. There are also a number of items that we want to keep in the house for staging purposes. I have made some minor repairs and we should be ready for painting very soon. Once the main floor is painted, all the carpeting will be taken up to expose the original hardwood floors that have been covered for the last 40 years. My parents had the floors refinished shortly after they bought the house (they were the second owners) and promptly covered them with wall to wall carpeting, which was the design norm in the 70’s. The current carpets are about 25 years old and have seen their better days long ago.
The only bathroom in the house is quite small and I have been debated whether or not to renovate it or leave well enough alone. The floor is comprised of small pink tiles which my mother had covered with more neutral peel and stick tiles. I have to steam the tiles up using an iron and a wet rag to loosen the adhesive. The problem is there that there is a lot of adhesive residue left on the floor, which I am trying to remove with Goo Gone (or similar products). The floor wax will also need to be stripped and a new coat of wax applied. It’s a lot of elbow grease, but the only cost is pocket change.
The big question is, will potential buyers see the charm in the original bathroom, or will they merely see it as outdated? How much return will I get on my investment if I do a complete gut and remodel (new walls, floor and fixtures), or a partial remodel (new vanity and toilet), or my simple restoration?
I am also mulling over various options for the recreation room in the basement, which my parents finished with wood paneling and a tile ceiling. Again, there are several options, from completely gutting the room and installing drywall, or simply painting the paneling, or leaving well enough alone and let the buyer worry about it. The carpeting definitely needs to be replaced, but I would hate to go to the expense of installing new carpeting if it is only going to be ripped up by the new owner within a couple of months should they decide to completely remodel. Just how far do I take this “flip?”
We are extremely fortunate that the house is in an excellent location and that there is no mortgage or outstanding debt. That buys me a fair amount of time to get things done without having to worry about carrying charges. However, we are now entering the prime real estate season, and I would like to get the house on the market as soon as possible to take advantage of that.
Underlying all of this is the fact that both of my parents are now gone and with them the biggest connection with my past. Each room of the house holds memories from my childhood to early adulthood. I am human and it is sometimes hard not to let the emotions get the best of me. But at the same time, I am doing my best to treat the house as a business deal. To do that, of course, it is necessary to de-personalize the house in order to appeal to the largest range of buyers. I have to erase my parents’ stamp from the house where they lived for over 40 years.