It’s not uncommon for agents to see homes marketed as a “Grandma’s house.”

Less usual: homes marketed as a “Grandpa’s house.”

I’m not sure about other Realtors’ association with each type of home, but here are mine:

Grandma’s House:

—”Vintage” Kitchen with lots of old appliances (wall oven, mixer, etc.);
—Old(er) window treatments, floor coverings, and wallpaper;
—Wood paneling;
—Lots of pictures of grandchildren.

Grandpa’s House:

—Utility Room (typically in Basement) with a workbench;
—Garage with lots of “stuff” (stray engine parts, power tools, etc.);
—Wood paneling, especially in Den or Basement;
—Old(er) window treatments, floor coverings, and wallpaper.

Of course, the two lists overlap considerably, and are hardly mutually exclusive.

Cosmetic Improvements = Instant Equity

While dated, such homes usually boast “pride of ownership,” and are (very) well-maintained.

They also frequently spell opportunity for Buyers, who can create instant equity by doing such things as pulling up old carpeting and refinishing the hardwood floors underneath; skimcoating and then painting the wood paneling; swapping out old light fixtures for new; and removing old window treatments, wallpaper, etc.

Meanwhile, a home warranty is a good idea for any Buyer moving into a home with old(er) but still working appliances and mechanical’s.

See also, “Granny Flat?’ Try, “Boomerang Bungalow.“”

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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