Reply to SPRING MARKET!! What's the vibe?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I tend not to like old houses but I like this one. The vaulted ceiling with skylights in the family room, Miele/Sub Zero/Wolf appliances, pretty exterior, other interesting details you don’t see in new construction. The primary bath looks dated as does some of the paint colors, but those are easy fixes. I wish stuff like this existed when I was looking in Arlington.

I bet it went for 2 - 2.1 million.[/quote]

People will start remodeling older homes. This likely used to be like a lot of other old ramblers around, the owner raised the roof and renovated.  If you can buy a fixer upper/tear down older home for the price of land (that's what they go for), then you can save a lot of money renovating vs. building a new home or buying new construction, which in this area goes for $$$ and is catering to luxury home buyers.  If you don't need a huge house like they build now, it's the way to go.  It's also easier to find an external renovation company that isn't local to the area, so that you can avoid price gouging by the local contractors.

Am I wrong here?[/quote]

We priced a gut remodel vs full teardown and rebuild across multiple firms and remodel was significantly more. Maybe if we used bottom feeder firms it would be less but we weren’t willing to take that risk. That said I know this wasn’t always the case - we’ve got lots of people on our street who did full gut renos for a lot less but it’s different now.  [/quote]

Remodel contractors jack up their prices too if your remodel is located in a very $$$ area.   So do all the other types of contractors including landscapers.  You have to seek people from the outside and get quotes without disclosing the address or by having your friends who live elsewhere hook you up with their contractors. Or you have stamina to be your own general contractor.  Not for everyone.  [/quote]

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