• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Hideous paint job

Status
Not open for further replies.

Lobo Fan

Elite Member
Joined
Nov 28, 2004
Professional Status
Certified Residential Appraiser
State
New Mexico
I looked at a REO that had some of the ugliest internal paint I have ever seen. It would take 3-4 coats of primer to cover up some of this stuff. I know we are supposed to overlook this sort of thing, but this was just nasty.

At what point would you recommend a repair for ghastly paint?
 
Got pix? Was the paint peeling? How old is the subject? If it is just ugly paint, I'd only market condition for it, not require repair.
 
According to the Marshall and Swift 2008 Home Repair and Remodel Guide the cost to paint is:

Small room (48-80 SF): $275
Medium Room (81-144 SF): $360
Large room (145-200 SF): $435
X-large room 201-275 SF: $485
 
Any Pix? We just have to see.
 
I didn't know we were supposed to overlook owner-specific paint, let alone when doing an REO. I know it is a rare market that overlooks it. If the house is vacant, the cost should not be too much above a normal paint job. Just get in there and spray the crud out of the interior.
 
I have lots of pictures, just too big to upload. I don't have the software to fix it.
 
Wow - in my neck of the woods you could get a 6 man crew for that price.
 
Dang... a small 48 SF room at $5.73/SF!!?? I generally get painting quotes from $2.25 to $2.50 per SF. I need to start a painters AMC. :)
 
When I do REO inspections, if in my opinion the interior / exterior color is not conducive to most buyers I recommend repainting and cost of, including priming first if needed. Never had this kicked back.
 
Oil based primer will cover most anything in one coat. Even 30 years of nicotine on wood panelling.

$5.73/sf is very high. $11,500 for a 2000sf home? I don't think that is right.
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Back
Top