Thank you for all your comments. Let me comment on some of your comments.
I am not a flipper. I hope my parents can stay in the house for 10 or more years. But since they are quite old, they may not last that many more years and I may have to sell sooner than I want.
Their motivation for buying the house is so that they can be within walking distance to my house and a supermaket. Their driving days are numbered. They could have rented but owning a home has advantages such as you decorate as you please, you won’t be kicked out due to the landlord foreclosing, etc.
They are in the stage of life when they hear of one of their friends getting sick and dying once every quarter. Thus they want to enjoy life now, enjoy a new home now, because there may not be many tomorrows left. They are not too worried about losing money unlike many on this board, including me. Perhaps when I see the end coming soon, I’d feel the same way about losing money.
Peace, I’ll take your suggestion and will take time off to watch over the repairs. Less chance of people taking short cuts if they are being monitored.
You comments have been helpful. I checked with a real-estate agent and she concurred that after several years, people just don’t care anymore if the situation has been adequately fixed. Thanks again.
