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Real Estate
Reply to "Renovating a "shithouse""
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[quote=Anonymous][quote=Anonymous]Our realtor gave us good advice to never renovate to the point of being the most expensive house in the neighborhood. At the time we bought 15yrs ago she pointed to the one house with an addition and said "they will never get their money out". Market changed, and our close-in neighborhood of small homes in a great school district became a hot commodity. All these tiny 1100sf colonials are now getting additions and becoming 2000-2300sf houses. Lots are still small making a tear-down not really a good option, and some additions are more well done than others. It's not the house I imagined living in forever, but love what we've done to make it our's. The addition and interior renovation plus bits and pieces of exterior work have made it a house I really like. And I know the re-sale value is through the roof. Like you, it's a lot smaller than I'd expected having grown up in the midwest, but it's also worth more than twice as much as my cousin's 4000sf house in an upscale neighborhood in Cincinnati simply due to location. [/quote] 1000 SF colonial? That's crazy. Who in their right mind would build a house like that unless they didn't have the land and were appealing to a lower demographic.[/quote]
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