Does LVP flooring bring down the value of your home?
susha
6 years ago
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Pensacola PI
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6 years agoRelated Discussions
What percentage of your home value was your master remodel?
Comments (17)We don't have a master bath - just a rather large hall bath, and I have no doubt that we will have overimproved for the neighborhood. We live in a working class area with a mix of single and multi-family housing. We love the area though and have no plans to leave it. We did splurge on some areas (fixtures mostly) and went super low budget on other areas (tile). What we could have gotten on the $15k for a 100+ sf bath (a huge luxury in this area to begin with) would have been a lot of fiberglass and home depot grade faucets and wasted space. To me it wouldn't have been worth the bother/hassle to end up with crap for $15k. Instead we have a cast iron clawfoot tub, a nice walk in shower and a pair of sinks with granite remnant countertops and a bathroom in a classic style that will last the rest of our lives. For the extra $10k (half the price of a mid-grade car) will have a bathroom that is beautiful, classic, functional and durable. I'd rather share my almost 7 year old honda accord with my husband than have a new car and a cruddy bath....See MoreDoes this front yard bring real estate value down?
Comments (37)Honest, you shouldn't get all caught up in Google's street views. I love Google as much or more than anyone (heck, it's my home page, I use it so much) but believe me, a LOT of their photos are very out of date. They have an ongoing program asking for volunteers to drive around with a Google camera attached to the top of their car, which helps them to update their street views. Frankly, the house across the street doesn't look that messy to me. I don't see unmown weeds 2' high, or discarded trash, or rusting cars set up on blocks. So what if their chairs don't match? A BBQ grill isn't an unusual sight, even if they don't use it much (heck, I don't use mine either). Neighbors change all the time, in our area. Lots of rental homes. Yes, it brings down the value a little. But my home is not a part of my investment portfolio. To me it counts a lot more that I have great neighbors on both sides of me: considerate, thoughtful, willing to look out for others and help. You can't appeal to EVERYBODY. You just want to appeal to the widest number of people possible. Best to concentrate on your own property. As pointed out, you can't control what your neighbors do. Stressing out about it is a waste of time and energy, better spent on your own sale....See MoreDoes hardwood flooring increase home value?
Comments (6)Depends on your area. I'm in a cookie cutter neighborhood so I know what the homes sell for. Over the last few years I have seen the more updated homes sell for 20-30k more. Now, I'm not saying it's because of hardwood, but I'm giving an example that an update (whether its kitchen, bathroom, hardwood, new roof, etc) help bring more money. But keep in mind, those updates cost money too. For me, I wanted the hardwood. I'm someone who loves my home and decorating it is like my hobby. But if you're just concerned about the return value, then you need to know what money your house brings, and how much everything will cost to buy and install. I put about 900 sq ft of hardwood in on the main level. It made my entire home feel so much more updated. I had old ugly carpet before so the new hardwood looks amazing. I know it will help sell my house someday. Hardwood is a selling feature. I got 6 bids to put the hardwood in. The labor bids came in at 4000-6000. Then my dad told me about a licensed contractor that he knew. He only cost 2600 and he did an amazing job. He moved all my furniture and installed all new trim. I couldn't be happier. I later used this same guy for my bathroom remodel. I'm so lucky I have him. He is so reasonable and does excellent work. Good luck....See MoreWhat % of your house value did you spend on your kitchen remodel?
Comments (90)@Janie it's a funny disparity, but my husband drives home from work every day in his $3700 car, wearing a $7000 watch (company gift for length of service) and when our kitchen is finally finished, he will walk in and make himself a coffee on a machine that doesn't cost a car payment, it cost almost as much as the CAR. Our total expense, hopefully around $30k, will be a title less than 15% of the current value of our home. We're in the Houston burbs, so pretty low COL. Ours is mostly DIY, but wth lots of structural changes. We put about 1/3 of our budget in plumbing and electrical. We knew the espresso setup would be $3k. And I knew I wanted 2 ovens and Marmoleum for the floor. We worked everything else around that, including getting our cabinets from Craigslist and then 16' of counter from ikea clearance for under $100 We got married in our backyard, my youngest daughter was born upstairs, and we love the neighborhood and neighbors and schools and we're about 15 minutes from most of my family. Unless we have to relocate, we're not going anywhere. We used the 15% number as a guide to not overimorive for the neighborhood. I wouldn't have thought a minimum was really applicableto any kitchen though. Because there's so much variation in what needs to be done. Some kitchens might need new counters and a coat of paint. Ours required rebuilding 3 load bearing walls....See Moremojomom
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