Friday, March 26, 2010

Remodelling is not Cheap

Well, we started this right after we bought the house. New roof, carpet in most rooms, paint all the inside, plumbing repairs, and general overhaul. Two years later, we did the "Kitchen" and dining area. New windows, cabinets, counters, appliances and tile flooring and stripped the popcorn ceiling. There was some basic maintenance along the way too, but mostly, a remodel. Finally, in 2008, we started the living room- FIreplace insert, windows, side door,... delay... Life sometimes gets in the way so now it is 2010 and we are continuing the remodel of the living room. Bookcase cabinetry, wall unit/window seat, maybe a library ladder, custom handles (in Pewter), really nice carpet, a bit of tile work, new front door, lighting adjustments, and some paint touch up. But there has been some "maintenance" along the way, too.
Each of these remodeled rooms are running about $40,000. I admit, the cabinetry is something more like furniture, but these are big ticket items to do these rooms. We have also got some landscape work planned for a patio remodel and patio addition at the new door. And some additional fencing, a new garage door, and windows in the rest of the house. About three more years down the road (hopefully less), we will do some bathroom rework in the master bathroom.
Overall- the remodeling will cost about 1/2 of what we paid for the house. And I am not sure that it will add all that much to the re-sale value if we decide to move someday. But it will add a great deal to the comfort value of the home we are living in. I think livability is the most important thing about a home- not just re-sale value. Already, the fireplace insert is paying for itself in comfort and warmth in the winter. The new windows keep the outside noise out and the temperature more constant. They are a dream to maintain and use. I think Eduard and I will really love the finished living room.
And the rest of the house? Well, we will get there sooner or ? well sooner I hope. But the living/entertaining areas are what I want to finish and live in first. So we will look at the other things as time and money permit. Just for now, I am loving the newness of our living area and the excitement of having it get done, sometime in the next 2 months.
And I feel a bit pampered with some of the "specialty" items we are getting. I just want to thank my sweetie for letting me have the expensive, custom, sculptured handles for the cabinet doors. Smooch. And I didn't buy the most expensive ones, either.

1 comment:

Lynne S of Oz said...

Something we looked at when we bought our house in Oz (a 900 sq ft teensy weeny ranch style house in US terms on a 550 sq ft block) was we wanted a house that we could do stuff to make it good for us. Resale value of the house is very low - the value is all in the land (corner block 4 minutes walk from a train station, one km to one lot of shops, one mile to a different lot with a heap of Asian restaurants). The next owner of this land will undoubtedly bulldoze the block and build town homes. Our renovations are costing a lot less than yours, admittedly. To us liveability is more important than all this resale resale resale business.
(I was on the BSG ravelry board, know you through that)