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btrflygrl
me and baby #3!
Member since 5/05 12013 total posts
Name:
Shana
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What are the recommended renovations to do to increase equity?
we got approved pending on an appraisal and DH and I are wondering what we should do!
We have a new construction split level home, 4 BRM 3 Bath
kitchen is in the process of being expanded already
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Posted 10/31/06 11:09 AM  |
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Bxgell2
Perfection
Member since 5/05 16438 total posts
Name:
Beth
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Re: What are the recommended renovations to do to increase equity?
Kitchen and bathrooms give you the biggest return...
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| Posted 10/31/06 11:10 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: What are the recommended renovations to do to increase equity?
Posted by Bxgell2
Kitchen and bathrooms give you the biggest return...
definitely! kitchens sell houses. on almost every single episode of designed to sell on HGTV, they always do something to the kitchens and baths.
lately I have been noticing they replace the counters w/granite. it adds HUGE value. that's what everyone wants now.
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| Posted 10/31/06 11:19 AM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: What are the recommended renovations to do to increase equity?
Posted by Bxgell2
Kitchen and bathrooms give you the biggest return...
they are also the most expensive!
and if you are going to renovate them - put in granite - don't invest all the money in the kitchen an use formica 
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| Posted 10/31/06 11:21 AM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: What are the recommended renovations to do to increase equity?
think big ticket items, like kitchen..high end appliances, good fixtures in the bathrooms, new boiler, HW heater, updated electric, plumbing, hardwood floors/tile floors, deck, patio, professional landscaping/new windows.
Size of master bedroom. Also having a master bath attached.
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| Posted 10/31/06 11:21 AM |
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ODonnell
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Member since 9/05 5983 total posts
Name:
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Re: What are the recommended renovations to do to increase equity?
Kitchens, baths, new windows, CAC, new heating system, roof, upgrade electric. These are all updates I would pay more for.
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| Posted 10/31/06 11:22 AM |
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Bxgell2
Perfection
Member since 5/05 16438 total posts
Name:
Beth
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Re: What are the recommended renovations to do to increase equity?
Posted by Meaghan729
Posted by Bxgell2
Kitchen and bathrooms give you the biggest return...
they are also the most expensive!
Not necessarily - if you do a lot of the work yourself, it can be manageable. We renovated our first kitchen for $5k. Our new house has a much bigger kitchen and we renovated it for $8k.
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| Posted 10/31/06 11:24 AM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: What are the recommended renovations to do to increase equity?
I also want to point out that we bought our home and the kitchen and the charm of the house totally sold us. The kitchen was brand new, had cherry cabinets and floor and stainless appliances. The counter is corian. That did not prevent me from buying the house at all. In fact, I have no plans to replace it. While granite is very nice it is expensive and can totally throw your budget, especially if you have multiple rooms you are renovating. Nice to have but if the house is great overall that will not be a deciding factor.
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| Posted 10/31/06 11:25 AM |
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Eva Luna
Be kind...life's hard!
Member since 8/05 4750 total posts
Name:
God, bless & heal my DH, JenG's DH Rob & DebG
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Re: What are the recommended renovations to do to increase equity?
Congrats and good luck!! 
I'm sorry I never FMed you the info...I haven't been totally speaking to my brother. 
Anyway, the girls gave you great advice!! 
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| Posted 10/31/06 11:27 AM |
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kerrycec03
Mom of 2 beautiful boys!!
Member since 6/06 13519 total posts
Name:
Kerry
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Re: What are the recommended renovations to do to increase equity?
Aside from big ticket items like
Kitchen
Bath
Roof
Appliances
Floors
Windows
Also, I find these cheap repairs really improve the look and value. They love these on design to sell:
built ins
molding
new baseboard (clean and painted)
new railing on stairs
screen/front door
minimal clean landscaping
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| Posted 10/31/06 11:28 AM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: What are the recommended renovations to do to increase equity?
Posted by kerrycec03
Aside from big ticket items like
Kitchen
Bath
Roof
Appliances
Floors
Windows
Also, I find these cheap repairs really improve the look and value. They love these on design to sell:
built ins
molding
new baseboard (clean and painted)
new railing on stairs
screen/front door
minimal clean landscaping
this is great. This is exactly what we are doing now. Really, exactly.
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| Posted 10/31/06 1:26 PM |
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MrsBlueSash
Love my sailor
Member since 6/05 5793 total posts
Name:
Christian
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Re: What are the recommended renovations to do to increase equity?
I would only say sometime exterior renovations can add value if the outside is in not-so-hot shape. And finishing a basement can be cheap and big bang for the buck.
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| Posted 10/31/06 2:56 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: What are the recommended renovations to do to increase equity?
Posted by MrsBlueSash
I would only say sometime exterior renovations can add value if the outside is in not-so-hot shape. And finishing a basement can be cheap and big bang for the buck.
just an FYI - in NY, you need a permit to finish your basement.
IMO, that is such BS. fact is stranger than fiction 
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| Posted 10/31/06 3:15 PM |
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MrsPorkChop
Twinning!!
Member since 5/05 9941 total posts
Name:
Missy
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Re: What are the recommended renovations to do to increase equity?
ADDING A PATIO OR DECK?
ANOTHER BATHROOM?
FINISHED BASEMENT?
HARDWOOD FLOORS?
S/S APPLAINCES?
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| Posted 10/31/06 4:08 PM |
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LisaI
Momma's Little Beans
Member since 1/06 3923 total posts
Name:
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Re: What are the recommended renovations to do to increase equity?
knowing what it's like here, I would do kitchens and all bathroons (tile)
Wood floors in halls, livingroom, diningroom.
tile in kitchen, Laundry and bathrooms
upgraded carpet in bedrooms
Trim throughout
upgraded applainces
curb appeal
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| Posted 10/31/06 4:21 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: What are the recommended renovations to do to increase equity?
Posted by SweetestOfPeas
Posted by MrsBlueSash
I would only say sometime exterior renovations can add value if the outside is in not-so-hot shape. And finishing a basement can be cheap and big bang for the buck.
just an FYI - in NY, you need a permit to finish your basement.
IMO, that is such BS. fact is stranger than fiction
That's the way they get to charge you more money on your taxes. They always get a piece.
On my deed it says finished basement. I wonder if I wanted to finish it if I would have to apply for a permit?
Message edited 10/31/2006 4:44:16 PM.
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| Posted 10/31/06 4:43 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: What are the recommended renovations to do to increase equity?
Posted by Blu-ize
Posted by SweetestOfPeas
Posted by MrsBlueSash
I would only say sometime exterior renovations can add value if the outside is in not-so-hot shape. And finishing a basement can be cheap and big bang for the buck.
just an FYI - in NY, you need a permit to finish your basement.
IMO, that is such BS. fact is stranger than fiction
That's the way they get to charge you more money on your taxes. They always get a piece.
On my deed it says finished basement. I wonder if I wanted to finish it if I would have to apply for a permit?
if it says finished basement on your deed - than i would think you wouldnt need a permit - the house is already zoned for it??? maybe call your town and anonomously ask?
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| Posted 10/31/06 4:45 PM |
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btrflygrl
me and baby #3!
Member since 5/05 12013 total posts
Name:
Shana
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Re: What are the recommended renovations to do to increase equity?
Posted by LisaI
knowing what it's like here, I would do kitchens and all bathroons (tile)
Wood floors in halls, livingroom, diningroom.
tile in kitchen, Laundry and bathrooms
upgraded carpet in bedrooms
Trim throughout
upgraded applainces
curb appeal
well the kitchen is getting done...new floor, blown out about 10 feet with more windows and some extra cabinets put in/counterspace.
I want laminate in the LR, we need a new LR and kitchen set (especially since the IL Will be here for Christmas) and I wanted to landscape the front garden but DH says no. Carpet we will hold off on until the "kids" are older. No use in doing that with itty bitty ones running around spilling stuff.
We are alos going to paint throughout since we've only done the kitchen and nursery.
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| Posted 10/31/06 5:11 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: What are the recommended renovations to do to increase equity?
I also put laminate in the living room. We are very happy with it.
Good luck with everything.
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| Posted 10/31/06 5:23 PM |
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