Reply to Agent urged us to underprice our house now we regret it

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Are you sure it’s not priced correctly? Do you really think you’d get more offers if it was priced higher?[/quote]

Yes a very similar house same layout a few doors down sold for 75k over our list price last month. That one has a bonus screened in porch so we mentally discounted 25k from what we would expect[/quote]

A screened porch costs $40k bare bones. [/quote]

It’s a very small one so we thought 25k was reasonable[/quote]

I’m pricing a small screened porch now. Starts at $40k. [/quote]

+1.  I don’t think the folks saying $20 live in the DC area or have built anything lately.[/quote]

Agreed. $15K buys you a deck in DC and surrounding area. [/quote]

-2. Literally just last week we had a slate patio (20x20) installed in our Del Ray backyard for $8400. Our across the street neighbors had a mudroom/ back porch added for 18k.

You people must be the suckers that keep Harry Braswell in business.[/quote]

I agree.  DCUM is filled with suckers that overpay on household improvements all the time.  It is crazy.  If you spend the time talking to contractors and reading reviews it works out.  But don't hire the contractor driving the pricey car and ridiculous prices.[/quote]

Patios are much much cheaper than decks FYI, since decks are raised structures requiring footings. Patios are ground level and require no foundation

If anything- unless the patio was considerably large (which is not likely  since we are talking about del Ray), that poster overpaid for her patio. [/quote]

Yeah they essentially just laid down stones for a patio, and that cost 8K. A screen in porch requires footings, structure, and wiring as well as the roof and shingles.  From their price, it sounds like the foundation would cost 8000 just to begin with.[/quote]

Footings. lol. A bag of quickcrete and an 8' 6x6 costs $100. Four hundred bucks and a post hole digger gets your your 'foudation'

Slate is about 100x the cost of PT and it isn't just 'laying down some stones' as some other ignorant housewife claimed. Unlike decks, patios require you to grade (expensive- includes heavy machinery), you have to cut the stone, lay a concrete base -in forms you've set- and carefully maintain enough of a slope so rainwater doesn't pool and compromise the patio.

Whoever said decks are cheaper knows absolutely nothing about construction. A 400sqf deck weighs a miniscule fraction of the same in slate. Plus it lasts about 1/4 of the life.

Did it ever dawn on you why slate costs much more than PT?  Or why all the multi-million dollar houses have slate patios and not crappy decks?:roll: [/quote]

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