The renovations were necessary to sell the house
My wife and I decided to sell our house and move. Both of us were ready to retire and we no longer needed a four-bedroom house. We thought about downsizing to something smaller and less expensive. We put our house on the market at a low price. We had a ton of interested buyers. Our realtor set up several different home tours. We didn’t have any offers or interests at all. Most people had the same reaction to the house. They liked the floor plan, but the house needed renovations. The realtor thought our asking price was a bit too high considering the fact that the house needed a brand new heating and cooling system. My wife and I had not factored that into our decision when we put the price tag on the house. We knew the renovations would require a new heating and air conditioning system, but we did not consider that in our decision when we priced the house. The realtor suggested we lower the price or complete the changes on the heating and air conditioning system. It was pretty good advice, especially after that house sat on the market for three months without much interest. My wife and I decided to pay for the upgrades on the heating and air conditioning equipment. We updated our listing after the changes were made and we got two offers almost immediately from people that had already looked at our home in the past. One of those offers was close enough to our price that we agreed to sell. Getting rid of that big burden was a great decision.