Reply to Would you spend $1m on a house remodel

Forum Index » Money and Finances

Reply to "Would you spend $1m on a house remodel"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]That seems like a lot but I’d have to see the breakdown.  I just did a kitchen remodel in bethesda and spent 100Kand don’t feel like I skimped at all and probably could have saved more as I now think I spent extra on some things that weren’t worth it.    Floor refinishing was definitely the worst so I’d really consider whether you need that.  Kitchens are a lot more than bathroom and I’d also consider whether you really need all the bathrooms done or can get away with just cosmetic changes for the ones that aren’t used as much.

I’m actually curious about what new windows cost because we are thinking about doing that ourselves but I really feel like you could spend half as much as you are planning and basically the whole effect.

[/quote]

$100K is not High end.

$15K Subzero fridge
$20K for 48" dual fuel range
$4K for speed oven
$3K dishwasher
$4K wine fridge (or make it $12-15 for 3-4 of them)

So 50-60K for appliances alone.  Semi custom cabinets for $60-80K+ (Go custom and spend $125k) 
Still have plumbing fixtures, counters, door handles, lighting and flooring. So I would be spending $250K on a kitchen.

Add in 3-4 bathrooms and it's not hard to get to $1M for a 3-4K sq ft home. 
My new roof was $50K 2 years ago (30 year certanteed shingles), new boiler/furnace/water heater combo was $30K.  New deck was $50K just to replace with Trex like material (higher end stuff).

So it's not difficult to see how you can get to $1M.

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics