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| trixiezzz |
 Posted: Sat Feb 12, 2005 5:38 am Post subject: Spend a little on kitchen & bathroom. Make more $$$$ sel |
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Investing Manager
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| We put about $2,000 updating our kitchen floor & countertops and replacing bathroom faucets & shower door. It really paid off. Our buyers said these areas "made" the house (compared with others in our neighborhood who hadn't updated). Ours sold for about $10,000 MORE what others our same floor plan did. |
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| ammo |
| Posted: Tue Feb 15, 2005 2:25 pm Post subject: |
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Investing Sr. Associate
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lol Great tip, on all thoose crappy Tv shows were they "do up" your house, they always seem to have a higher selling price because Of them doing up the kitchen and bathroom. They never sell the house on thoose programs but it always seems to be worth more  |
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| bigdave |
| Posted: Wed Feb 16, 2005 6:32 am Post subject: |
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Investing Sr. Associate
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You can do that or give the new hoomewowners an allowance this way they can put in what they want  |
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| trixiezzz |
| Posted: Sat Feb 19, 2005 6:06 am Post subject: |
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Investing Manager
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| The only thing with giving an "allowance" for redecoration is that I think people aren't very good at visualizing what the potential for redecoration will do for a house. I mean, they are more impressed seeing a fresh, nice room than they are at imagining what a dull old room will look like when its fixed up. Just MHO. |
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| JoiseyFamily |
| Posted: Sat Feb 19, 2005 11:16 am Post subject: |
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Investing Associate
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| Great tip! The first thing I look at is the condition of the kitchen and the bathrooms. |
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| paula0000 |
| Posted: Sat Feb 19, 2005 3:06 pm Post subject: kitchens and baths... |
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Investing Manager
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| So true- and great tip. Anytime I look thru an open house - although untintentionally I check out the baths/kitchen. Grimy bathrooms/sinks can really gross people out and turn them off. Great for you if you can do renos like that yourself and save some $$$ |
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| mrsboz |
| Posted: Sat Feb 19, 2005 4:11 pm Post subject: |
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Investing Sr. Associate
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| I'm glad that it paid off for you. On the other hand, my brother totally revamped his whole house a few years ago only to end up selling it. He was told that if he did not touch it he would have ended up selling it for the same price. How dissapointing. |
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| lmountford |
| Posted: Sun Feb 20, 2005 4:24 am Post subject: |
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Investing Sr. Associate
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| I think you have to make careful choices about what you alter in your house prior to sale. I believe the thing that leads to most gain in the UK ( where I'm from) market is creating an additional room somehow by extension or possibly even subdivision but kitchens and bathrooms are also important. |
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| chop456 |
| Posted: Sun Feb 20, 2005 7:00 am Post subject: |
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Investing Sr. Associate
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| I agree. The kitchen seems to be THE selling point in many homes. However, the kitchen is also the one room that can be the most expensive to update. Wise decisions in materials can really help in turning a profit! |
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| trixiezzz |
| Posted: Tue Feb 22, 2005 6:46 pm Post subject: |
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Investing Manager
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| mrsboz wrote: | | I'm glad that it paid off for you. On the other hand, my brother totally revamped his whole house a few years ago only to end up selling it. He was told that if he did not touch it he would have ended up selling it for the same price. How dissapointing. |
Yes, I agree it can be disappointing if you do too much to your house. You never want to "overbuild" the neighborhood. Which means, if houses are generally going for $100,000 all around you, then even if you do yours up to mansion-level, you're never going to get $200,000 for a house sitting right in the middle of a $100,000 neighborhood.
The best situation is always to be in the lower end of value and then add improvements to your house ~ and thereby bring it "up" to the rest of the neighborhood.
That's the best from an investment standpoint..... but I don't know that I want to do that from a living standpoint!! LOL! |
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| paula0000 |
| Posted: Wed Feb 23, 2005 4:35 pm Post subject: |
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Investing Manager
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| That's my opinion as well- you can "renovate" or "upgrade" yourself right out of the value of the neighbourhood. Unfortunately for us- it was a "live and learn" situation. |
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