Published: Saturday, July 26 2014 9:30 a.m. MDT
Don't most people remodel their homes because they are NOT planning to
leave anytime soon, and are trying to make their existing home better for
themselves?I never understand the approach of "How can you best
recoup your expenses when you sell . . ."Shouldn't the
remodel be about what that family needs to improve their livability, rather than
what some random buyer may want in 5-15 years from now?
I agree with Mom of 8 that remodeling should be done for the convenience of the
homeowners. However, I think the point in the article is that it seems most of
us move at some point and we should be careful to not put more into our home
than the neighborhood will support. If homes in your neighborhood sell for
$250k, then a large addition and remodel costing $75-100k will be fun, but you
won't recoup your investment when you sell.
Pride of ownership is what Insurance look at.
‘Remodeling? Experts say some projects add to home value more than
others’====But reality says -- Appraisers ONLY consider
square feet & # of bedrooms/bathrooms.Everything else is just
lipstick on a pig to get it to sell.You won't get ANYTHING back on
it.Might as well may your house the place YOU want it to be, live
it, and enjoy it now --rather than thinking about making a buck.
Heres a novel idea. People should start staying in there homes till there paid
for. That's the only way to get ahead in life in regards to your home.
Yes, aggie5, what is with the assumption of both this article and (for instance)
Utah Dane that "most of us move at some point?" The grand idea is not
to be gypsies, but rather to buy a home as soon as fiscally possible, pay it off
quickly (it costs very little to add the paltry amounts of principal at the
front 10 to 15 years of a 30 year loan to monthly mortgage payments) and
establish roots in our communities.Already can see the retorts
coming that jobs cause relocation. My counter is that this is for people whose
jobs and careers are their life. Versus home and community is life, with jobs
being a means to that end. Different priorities.
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