Reply to How much $ have you put into your house

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[quote=Anonymous][quote=Anonymous]
I don't understand the question, because there is no way to tell what is a "reasonable amount" - it depends where you live, and what you house looks like. We are not giving you carte blanche to spend hundreds of thousands of your husband's money on an anon message board, OP. [/quote]

Wow, that's an assumption :p. Lots of reasons for this information. I come here since I can get real information on what to expect when it comes to real-estate and prices for services within the local area. As you point out, it does depend on where you live, and this place can be a good resource getting a lay of the land. Getting what Houzz or Angi or whatever says the ballpark costs are for X renovation...they use nationwide surveys that include LCOL areas. The only way to get real apples to apples comps is to get estimates, but lately it's been a pain to even get someone to come to your house, much less write up a quote, so that's why people ask these questions.

IME, Trades in this area seem hyper-expensive. There's a lot of people with tons of $$$ to put in renovations, and combined with a shortage of skilled tradespeople, it seems every estimate we get is like double the "top" range of what Angi or Houzz say. We make a modest income for the area, but can't afford to pay the premiums even for much needed work on the house. Plus the issues with contractors that others have mentioned, we really can't afford elective renovations at this point.

But if you need a datapoint, we bought for $385K nearly 7 years ago, and have put in around $60K in capital improvements - remodeled kitchen, new roof/gutters/insulation, new electric panel, regraded/extended downspouts and 2 new egress window wells to help with drainage, hot water heater, laundry sink, and relined 3 chimneys.  We have a 1,200 ranch with basement. I estimate today the house could sell for around $550K though Redfin estimates just over 600K. Maybe if we put in another 50K worth of work, which it needs haha. [/quote]

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