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Recouping Renovation Costs
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Recouping Renovation Costs
wait - you mean if I put new siding up its not worth MORE than it costs?? 
thats not what flip this house says!!  
eta: the pic wont post, here's the article:
Linky
Message edited 12/7/2006 10:47:31 AM.
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Posted 12/7/06 10:46 AM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
kerrycec03
Mom of 2 beautiful boys!!
Member since 6/06 13519 total posts
Name:
Kerry
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Re: Recouping Renovation Costs
interesting... And p.s. there prices for midrange kitchens are a little steep for me. I'm mean what size are we talking? Even new cabinets, new countertop (not granite), new appliances and new floors (ie tile) wouldn't cost 50K, more like 30-40K.
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| Posted 12/7/06 10:56 AM |
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nixy
LIF Adult
Member since 9/06 1575 total posts
Name:
K
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Re: Recouping Renovation Costs
I don't know if I agree with all that....
But i do know that the price of vinyl siding increased a lot this year b/c the cost of oil was so high.
Also I think putting a rediclously high end kitchen in a small house, or one that is not in a desireable locations can only go so far. Your high end kitchen is not going to make up for the other property flaws that are unfixable.
Message edited 12/7/2006 10:58:47 AM.
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| Posted 12/7/06 10:58 AM |
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ODonnell
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Member since 9/05 5983 total posts
Name:
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Re: Recouping Renovation Costs
I just tried out the renovation calculator to see what they estimate our construction to be worth.
I wish it were true, but it seems really off to me. Their estimated cost of a major renovation on a master bedroom suite is more than we are paying for the entire construction on our house! I'd put our house on the market now if I thought we could recoup what they say
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| Posted 12/7/06 11:04 AM |
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