Hypothetical - How much would these upgrades increase our home value?
Christopher Sosa
2 years ago
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Comments (23)
roarah
2 years agoChristopher Sosa
2 years agoRelated Discussions
Things that always increase in value?
Comments (26)There's a huge difference between investment grade antiques & those that are "hot" decorating trends. True American colonial antiques transcend decorating fancies & place of origin. Definition of "Collecting": The hobby of collecting consists of acquiring specific items based on a particular interest of the collector. These collections of things are often highly organized, carefully cataloged, and attractively displayed. Definition of "Investing": The practice of employing a principal sum of money usually to purchase assets or place a sum on deposit to generate earnings so that the principal sum will increase in value. Really understanding the difference between the two goals can't be stressed too much. The OP is asking about investing in assets. Assets can be a multitude of things. And, mid-Century modern furniture can be an 'asset'. However, this is an antique forum...and mid-Century furniture is decidedly not antique. The OP mentioned liking "home/kitchen" items. Those are examples of decorating tastes and/or collectibles not investments. Here's a link to a multi-dealer antique shop. There are many investment grade pieces listed in their on-line catalogue. I've linked to a Sheraton table that I've personally seen. This is an example of an investment grade American antique. It's fine craftsmanship screams out at you. It was quality in 1815 & it's still quality. It will increase in value over time. How much & how quickly is anybody's guess. Just like putting cash in a bank, one starts off slow & builds to the level of this table. But purchasing "collectibles" usually doesn't ever get you to the level where you can trade-up to investment quality. So, start with smalls but buy QUALITY smalls. For instance, you can today purchase an air-twist English mid-18th Century wine glass in the $400-$600 price range. These glasses have steadily increased in value over the past twenty years. There's no reason to believe they won't continue to appreciate. But don't buy one with chips or restorations. Work towards purchasing ten of these glasses. Then, you've got something you can trade-up with yet each purchase was doable...build over time like an installment plan towards something like the table. When you have enough glasses...sell them. Buy the table. The table will appreciate faster & higher. When you have ten more glasses...look for another table. That's just an example used to demonstrate how to build an investment in antiques that you can reasonable rely on over the years. It won't matter what's happening in the Pottery Barn catalogue...the wine glasses & work table just keep on appreciating. Here is a link that might be useful: Sheraton Work Table...See MoreWhat flooring increases value/makes easier to sell
Comments (21)It depends on your neighborhood and geographic area. Around here, laminate is popular and much more desirable in entry level homes than carpet. Vinyl plank is being used in high end homes now, too. Installed hardwood is at least $10/sq ft and engineered wood is usually more (and after having it in a previous home I would not choose it again - scratches and dents as soon as you look at it). You might get a quicker sale with better looking flooring of any kind, but you will not get back your investment in increased sale price with any flooring. Even the vaunted kitchen and bath upgrades only recoup about 80% of the money spent in increased value. The best thing you can do is ensure the house is clean, neutral, and staged well....See MoreHow would you reduce the noise level without sacrificing home value?
Comments (23)UpScapers not only do I have a difficult time seeing how plastic plants can make a significant reduction on road noise**, I take issue with the claim that it's "green". it's not. plastic provides nothing for birds or pollinators. modern civilization and urban density is taking away more and more habitats and fake plants everywhere would just make that worse. on top of that, once you've grown tired of the fake plant wall, it's plastic that winds up in the landfill. real, actual eco friendly landscaping involves native plants that need little to no watering (with an emphasis on native to help birds and pollinators). (**the vistafolia literature claims to reduce indoor noise. I can see how that would work with things like everyday office noise since the plants are pointed inwards -- similar to what happens when you add carpet and soft furniture to a space. I don't see anywhere claims that it could muffle loud exterior road noise coming from outside the wall.)...See MoreCan't agree on how to upgrade our kitchen!
Comments (14)Reality - every dollar you spend renovating will bring you about fifty cents when you sell. https://www.remodeling.hw.net/cost-vs-value/2020/ Look at your home as though you were a potential buyer. Think about what made you buy the home when you bought it. Look at all the homes that have sold in your neighborhood and extended neighborhood over the past year that are similar in size to your home. (Square footage and number of bedrooms/bathrooms). Be careful working with the realtors - they are experts at selling homes and can provide good information, but you must recognize that they are looking at your house as an agent. The money you spend will increase the selling price which increases their commission and it will make selling the home easier. On the other hand, you will be spending far more than the increase in the selling price and gifting that money to the new owner. The losses do not impact the realtor at all. They will not think about this. You have to decide what amount of money you want to gift to the new owners and not have to spend on your next home. To get the most for your money everything needs to be in good working condition and the home has to look as though it was well maintained. You need to know what the selling points are and emphasize this in your listing. I sold my last home with maple cabinets and dark red walls. Every other home on the market in my area had white or light neutral walls and floor coverings, I emphasized the school district (rated 9 out of 10 for the state), the nearby community park with pool and playground, large back yard (Perfect for kids to play) and a kid friendly, designer selected color palette. My house sold at full ask within 3 days of hitting the market at a time when the average days on market was 30....See Morewiscokid
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