Selling As-Is or Fix It Up?
We got our house appraised last week in PA. The appraiser gave us a detailed list of repairs and updates that he said would cost around $18k and boost our sale price by about $35-40k. Since then we've gotten quotes from three different contractors and the numbers are coming in between $55k-$65k so far, with more bids still pending.
I'm pretty disappointed because the appraiser also flips houses, so I expected his cost estimate to be more realistic. Now I'm not sure I trust his numbers at all. Our house is in decent shape structurally but looks dated and needs work like carpets, kitchen, bathrooms, and some exterior stuff.
Should we just sell the house as-is, or bite the bullet and do the repairs and hope we actually get that extra value back?