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for being able to remodel your house at your own pace, the way you want it to be done. I rlaely like the fact that when I finish my basement, I'm going to be able to have it done in such a way that it fits my families needs, and since I'll be staying in my house for quite a while (if not forever), I'll get a lot of enjoyment and use out of my upgrades. At the same time, there is a lot to be said for not having to deal with expensive upgrades. I REALLY like that my house house has brand new windows and electrical. Those are pricey replacements (probably about 15-20k each on my house) that I'm happy I didn't have to deal with.2. Buying a house upgraded by someone else is often the cheapest of the options you listed, but also offers the lowest amount of personalization. With something like say, a roof, that may not matter to you, but your idea of a nice kitchen may be much different than someone else.3. Demoing and building can be done, but in my opinion, unless you have some serious bank to spend, it's not worth it. The demoing costs money, you'll have to deal with all of the permitting, the plans, the builder, and if you don't have the cash to pay outright you'll have to try getting a build loan, which I'm not even sure if banks are giving those out to individual parties with the economy the way it is. At the end of it you'd have a home built just for you with everything new, but it's probably the costliest option. If you're loaded and are going to build a custom home, go for it, but if not, I'd personally advise against it. I looked into this at one point, though I was looking at empty lots and even with all of the resources I have available it didn't pen out. As for determining which is the best deal, I'd suggest watching home prices in Green Lake, both what listing price and sold price is. If you're honestly interested in building your own place you could start talking to a builder and they'd be able to start giving you an idea of what kind of cost you'd be looking at based on size, etc. As for price associated with upgrades, I think the general rule of thumb in remodeling is that kitchens and baths have the best ROI since they can do a lot to make an old house look less dated, but I use ROI reluctantly as if you remodel it should be for you, not because you think you're going to make money on the back end. As for garage to bedroom conversions, I've never understood how those can add much value since they are often done poorly and look super obvious from the outside (thus making the house look unbalanced). I'd be curious to know if such conversions actually add value today, post bubble. Good luck and save your money! The less you owe to the bank, the better! Rate this comment: 0 0
By: | Sep 27, 2013 | Report Comment
pep
floridababs | Region 4
yumm
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