Comments on: Remodeling our house

By: 666 » Remodeling our house

666 » Remodeling our house — Thu, 26 Jun 2008 01:55:19 +0000

[...] Remodeling our house …average bathroom remodel for my area costs $14,955. The average amount recouped is $12,289, or 82.2%. So it only really costs $2,666, right? [...]

By: Cynthia

Cynthia — Tue, 24 Jun 2008 19:00:55 +0000

I was looking at that cost vs. value site and here are my thoughts.

By reading the description of the individual remodeling projects they are using as basis for the calculations and with a bit of research, and creativity, you can really bring down the cost of such projects.
Besides the DIY projects, you can shop around for alternative and recycled materials, finishings and fixtures and end up saving a lot even if you hire someone to do the job.

In other words, although the site gives you a good idea of overall cost of those specific projects, I believe you can substantially increase the value without that much cost and without doing a sloppy job.

In addition, there are other things to be considered that are not computed in those “value” calculations.
Water and energy savings for example.
Some remodeling projects even generate some savings in home owners insurance premiums.

By: Scott

Scott — Mon, 23 Jun 2008 23:20:42 +0000

My wife and I would love to redo our guest bathroom but have been putting it off for 5 years now. We probably would have done it sooner if we just paid someone to do it. It just needs a little updating and some new paint and should cost about $2500 if we do it ourselves. The same job would cost $10k if we have someone else do it.

By: Livingalmostlarge

Livingalmostlarge — Mon, 23 Jun 2008 16:16:47 +0000

Remodeling isn’t about money. It’s about making the house better for you. Sure our gas fireplace won’t recoup the value of installing and using it $4k, BUT we’re saving money by not having our pipes burst in the winter. Our neighbors below love us and we have peace of mind at work and while sleeping.

There is much to be said about making where you live comfortable. And so I’ll get $0 back for our fireplace but it’s worth every penny.

Remodeling like buying furniture, car, anything that depreciates isn’t for anyone else. That’s just crazy. You’re better off giving me the buyer the $15k so I can pick to my taste. Instead do it because it brings value to your happiness and lifestyle.