I showed a house last weekend that was in a high demand neighborhood in Minneapolis near Uptown that was listed at $300,000 which seemed to be a decent price for the size of the home, number of bedrooms, baths, location, etc…UNTIL we walked in and the painter was there working, the kitchen cabinets were not completed, the trim work was not done and the “master bath” upstairs was still a framed out shell. It was a nice touch to have a paper sign posted that said “build to suit your tastes.”
Personally, if I want to buy new construction, I will buy new construction but I am certainly hesitant of buying and spending $300,000 on a home that first of all is not finished and second is not finished carefully or with great skill. Personally, I’d want to hire my own contractor to finish the job and offer them $50,000 less for the house.
In my opinion, if you are rehabbing or “flipping” a house, PLEASE have it finished before you list it OR at least fill us in on how far along you are with the construction so we know what we are walking into.
Looking to buy in the Twin Cities? Give me a call!
Jen McKinnon
Realtor / Investor
MN Real Estate Team – #1 Team in MN!
612.384.1073
jen[at]mnrealestateteam[dot]com