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Real Estate
Reply to "Why are homes in the DMV not nice?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think it depends on what range homes you are talking about: - Yes, multimillion dollar homes should look great in all ways. - Under a million? Those are normal homes and people who own them will typically have to prioritize savings over renovations and decor, which is the sound and responsible thing to do.[/quote] I’m from Atlanta originally and you find attractive housing at all prices. If it has been renovated since the HGTV era, it looks good. The quality of the renovation may vary based on price, and it may be obvious if you’re in the space, but it will look great in a picture. I largely think it’s a reflection of labor costs and priorities. I love telling my sister in Atlanta about the quotes I get - she’s always shocked and appalled. I don’t think she’s ever done a house project that cost more than 10K, and she’s had major work done (adding bathrooms, finishing her basement, etc). At the prices we’re quoted here, I’m constantly asking myself whether it’s worth it. With the purely cosmetic work, it often isn’t. [/quote] Renovation here is now extremely expensive, it didn't used to be this way. Cost of construction is just obscene. You can find luxury homes of the same size, quality of finishes in other parts of the country for half price (including land) of what it costs to just build a home on your own lot, not even paying for land. You start wondering that it's not just cost of labor and materials but there is a lot of location premium built into the quotes of developers and contractors here. They see land prices go up in your local area, and even if they aren't living in this area (their workforce certainly isn't living there) and import their materials from elsewhere, they will charge you more because of doing work on your more expensive land. It's what disincentivizes people with older homes to renovate. [/quote]
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