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Reply to "How much $ have you put into your house"
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[quote=Anonymous]Bought in 1998. 1960's suburban 2000 sq foot colonial in Northern Virginia. Paid $230,000. Assessed value: $850,000 We've done $100,000 in cosmetic upgrades, but most of it was done years ago so the amount we spent is not relevant today at all. We've spent about $75,000 in fixing problems/major maintenance projects. Renovations/cosmetic upgrades: Bathrooms: $50,000 - two complete gut jobs 21 years ago and added a full bath to the basement 10 years ago Kitchen: $25,000 - this was 25 years ago when we first bought the house. Dining Room: $10,000 - put in built in cabinets Backyard: $15,000 - new fence, redid the retaining wall in our backyard from timbers to brick and added landscape lighting Basement: $5000 - basement was sorta finished but made it more comfortable - replaced ceiling tiles with drywall ceiling and recessed lighting; replaced indoor/outdoor carpet with LVT. Maintenance/Fixing problems: $75,000 plus - can't remember exactly but we've had a few really big ticket items. We've replaced the roof, siding and all the windows. New HVAC. Upgraded the electrical panel. Waterproofing the basement. Fixed a leak in the main water line from the street to the house. I'm not counting all the minor maintenance that we've had done - for example, we just had two separate leaks fixed in our master bathroom that cost $1200. When we redid our kitchen 25 years, we replaced all the appliances. Since then, we've replaced the oven, dishwasher twice, and refrigerator twice. Our washer and dryer are 15 years old, so I keep wondering how much longer they're going to last. We replaced the hot water heater 10 years ago when we added the basement bathroom. [/quote]
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