The NY Times reported over the weekend on what it means when a real estate broker says a home needs TLC. One of the properties was a Brooklyn Heights townhouse:
NY Times: As Ms. Williamson, a Prudential Douglas Elliman broker, walked through the musty house in Brooklyn Heights recently, she pointed out a “not horrendous” kitchen and bathrooms that had not been renovated since 1968 (when the town house was built). As floors creaked under worn-through green and orange carpet, she pointed to walls that buyers could knock out to add light.
The price is $1.1 million, and she said renovating the town house could cost $100,000 to $200,000.
“It’s a question of how someone wants to live,” Ms. Williamson said. “TLC means that you love it as it is now and love it even more when you get it the way you want it. It’s a softer way of saying it needs a major renovation.”