04-08-2013, 08:06 AM
0
When you renovate at $60K and up the price of the listing if you sell you're SILL OUT that $60K - you only profit on anything over it. And if they sell, then they're out the money for renovation, AND they need to come up with a down payment on the new mortgage.
And why are the houses so much money in Canada? Jesus they're shit boxes most of them.
And no, depending on where you live, you don't have to bring a house up to code to sell it. Who told you that bullshit? I've bought and sold and rented plenty and even in towns that require a CO to move in, you can't make a homeowner spend so much he can't afford to sell. You just list it "as is" and take what you can get.
And why are the houses so much money in Canada? Jesus they're shit boxes most of them.
And no, depending on where you live, you don't have to bring a house up to code to sell it. Who told you that bullshit? I've bought and sold and rented plenty and even in towns that require a CO to move in, you can't make a homeowner spend so much he can't afford to sell. You just list it "as is" and take what you can get.
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