Maybe we'll see you at the game! Should be a beautiful fall evening for football. There is a BBQ before too for $10.I'll most likely be there...![]()
NPR did a really interesting piece on this during the recession. In Europe most people do not own their house. In their culture it is not a goal or a mark of success for most people. Because renting is the norm if they get a job offer somewhere else they are mobile. One of the things that was happening here was people owned their house so could not explore options without having to deal with trying to get rid of house/ deal with mortgages that were probably higher than they should have obtained. The point of the piece- the "American Dream' of owning the house with the white picket fence might not be realistic for many because it was at odds with some of the other changes in culture such as being very mobile and flexible, moving around from company to company to get ahead. (Unlike when I was growing up when you picked a company and there was reciprocal loyalty).We have had several heated discussions with the hub's good friend about homeownership. He thinks we're wasting time and money by renting. I counter with the two times we had dishwasher problems that I didn't have to fix, the brand new appliances that cost us 50$/month but renovated our whole kitchen, the time/money the friend has spent on mosquito control and other outdoor stuff that we don't deal with. There are definitely perks to owning a house, but I don't agree that it's for everyone and a vital necessity.
Always a good thing.Not related, but tonight - so far I'm making serious headway in my book since my patient is sleeping through detox.![]()
A few months ago I was reading an article on home renovations, and updating/upgrading a bathroom had a much better ROI than the kitchen. It's surprising to me since we tend to spend so much time in our kitchens and put such an emphasis on everything in them.No regrets buying my house. My money is building equity, not going to some slum lord or holding company. Yeah, we put money into it, but what we spend we always try to make sure it increasing the resale value of the house. We put in a septic system, renovated a bathroom, re-sided with vinyl siding, replaced all windows, all things that will increase the value of the house. Next on the list are renovating bathroom #2 (actually going to the Re-Store on Saturday to look for a vanity), and then the big one, the kitchen.
A few months ago I was reading an article on home renovations, and updating/upgrading a bathroom had a much better ROI than the kitchen. It's surprising to me since we tend to spend so much time in our kitchens and put such an emphasis on everything in them.
We have to do both. Our kitchen is so bad that it would make it tough to sell the house. It is pretty much a requirement to do because it would turn off so many potential buyers.
We have to do both. Our kitchen is so bad that it would make it tough to sell the house. It is pretty much a requirement to do because it would turn off so many potential buyers.
Closed on my townhouse in Denver a few months ago. 3 bed, 3 bath, 2130 (!) SF. Two parking spaces in shared garage, bar on lower level which I'm converting into my nerdcave, MASSIVE kitchen, dining area, living room, and master bedroom, steam shower upstairs, plus these really neat murals in the stairwell and basement (son of one of the families in the association is a professional muralist.) Only problem is it was built in 1974 and clearly shows its age, but mechanically everything's pretty sound - got a new electrical panel as part of the inspection, furnace is good, might spring for new appliances and a new water heater at some point. If I need to paint over the murals to sell it, that's cheap too, but I think I'll leave them for now (the seller's realtor openly told me she was extremely relieved I liked them, she had been imploring the seller to paint over them for weeks.) No lawn to take care of, don't really want one.
First place I toured that really felt like a "home" with some character and not another cookie-cutter shoebox apartment unit. Offered $9K under asking if he didn't paint over the murals just to see what would happen...and he took it, no counter. I probably could have gotten away with another $5K. I was floored. You need $30K over asking just to get the time of day in Denver right now.
What part of town do you live in?