While decorating a home, it’s sometimes hard to refrain from selecting high end appliances, fixtures, surfaces and flooring. There are instances when you really need to pull the in reins .
If you are going to live in your home till the day you die or are going to pass it on to your children, if you have no plans to sell or recoup all the money you put into it then by all means, knock yourself out. You deserve to live how you want to and be surrounded by the things that make you most comfortable.
If you are purchasing a house intending to sell it you need to consider the Fair Market Value. That is what your house is worth based on geographical location and economy.
If you purchase a house for $30,000.00 in a neighborhood with like houses and valued the same and update it with granite countertops, high end appliances, Hardwood floors and custom draperies, chances are, you are not going to see a return on your investment, however, if you purchase the worst house in the best block, that is a $30,000.00 house in a neighborhood of homes valued at $100,000.00. you would be on the right track to go for it.
You might think that I have a talent for stating the obvious but it still happens. Some people think just because they put all the updates into a house that it makes it worth more and are disappointed and offended when they don’t receive the bids that they think they should. With all of those upgrades, you will get bids but don’t be surprised if it’s not what you’re hoping for.
You can still get a high end look by choosing materials appropriate for your particular project. Laminate flooring instead of hardwood, solid surface instead of granite (there are even some pretty awesome looking laminate countertops these days as well). Go for the stainless appliances, if you must, but just don’t get the top of the line. If you save money on some of the higher budget items then go ahead and splurge on nice accents. Just keep tight strings on your purse or you could end up making a beautiful home for someone else to enjoy on your dime.
You can still get a high end look by choosing materials appropriate for your particular project. Laminate flooring instead of hardwood, solid surface instead of granite (there are even some pretty awesome looking laminate countertops these days as well). Go for the stainless appliances, if you must, but just don’t get the top of the line. If you save money on some of the higher budget items then go ahead and splurge on nice accents. Just keep tight strings on your purse or you could end up making a beautiful home for someone else to enjoy on your dime.
Come back next Tuesday Selling your house with odors.
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