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Showing posts with label fixer upper. Show all posts
Showing posts with label fixer upper. Show all posts

Sunday, March 23, 2008

You Can't Afford Not to Renovate




We all know that the best way to make more money on your house is to spend more on it by renovating with, say, an upscale kitchen remodel that costs $117,254. If you execute this maneuver properly, you can recoup $104,241 of that investment when you eventually sell the house. And in the meantime, you get to use all those shiny new appliances.

There is of course one little catch. The last thing you want to do is to spend money on things that potential homebuyers might think are, well, ugly. And let's face it, not all of us have the good taste to execute every detail of a renovation flawlessly. Luckily, however, the editors of Remodelista do.

Remodelista's pull-no-punches remodeling guide makes it easy to pick things other people will want to buy from you one day when you put the house on the market. They do it by:

"offering our opinionated (OK, bossy) ideas on the best faucets, the best sinks, the best bathroom hooks. Our combined experience includes a dozen remodels, so we’ve pooled our knowledge and compiled lists of our greatest hits. You’ll find our top ten picks in kitchen categories such as sinks, faucets, ranges, counter stools, and more."
Even better? They tell you where to to go to buy the stuff.

[Photo credit: PatrickandTiffany]

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Fixer-uppers: Why buy a house when you can get a whole town?


Poor Monse, Washington. Nobody wants it. The town, population 12, in northeastern Washington, made headlines in 2005 when a group of sellers put it up for sale on eBay for $575,000. For that, you'd get 60 river front acres, including 12 houses, a post office, general store and school.

The LA Times reported today that the historic town, which, during the 1800s, was a trading post and steamboat stop, got no takers. A number of people considered buying it and turning it into a family compound, but never closed the deal. The town's pretty run-down apparently. So instead, the buyers chopped it up and sold off a few desirable parcels.

[Photo credit LA Times]

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