Reply to Generation Y and Real Estate requirements

Forum Index » Real Estate

Reply to "Generation Y and Real Estate requirements"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]People don't stay in their homes for decades anymore, especially the younger generations.  So, whenever you buy a house you also have to think about its resale value as you might need to move out a few short years later.  So, many new buyers start worrying about the resale value while they are in the process of looking for the right home.  Remodeling an old home adds value to it and will facilitate the resale should this be necessary.   Doing remodeling before moving in is much more practical if you still have a place to live than doing it when you are already living there especially if having kids.  It will take less time and eventually should cost you less than doing it piecemeal after moving in.  I personally hate remodeling while living in a place, even painting is a PITA, having to work harder because you must move things around, protect things and live in discomfort while the basic areas you need to use every day like kitchen or a bathroom are getting worked on.

As far as financing is concerned, you can usually figure out how much the remodeled homes in the neighborhood go for and how much money you have to work with to be able to resell later without a loss.  That is our thinking, we are 38 years old and lived all over, moved frequently and had our fair share of dingy living arrangements with dated kitchens and baths, so even if I am willing to live with a dated kitchen, I surely won't want to have to hurry up and remodel it the next person just to have my house show well for resale.   I'd rather put the money in now and enjoy the fruits of my labor right away.

FWIW, the world is a different place now, there is a lot less stability especially for the young.  People must be able to sometimes pick up and move to a new place just to get a job or to keep it. [/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