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Poll: Are Home Renos Ever Worth It?
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Date: February 29th, 2024 9:52 AM Author: Shaky Histrionic Piazza I am not talking about necessary maintenance, but instead unecessary renovation. For homeowners, not investors.
I vote no. Homeowners will immediately revert to their same level of happiness and contentment with their home after the reno, only out $$ and with the next reno on their mind.
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Date: March 1st, 2024 5:57 AM Author: Beady-eyed umber institution (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47452834) |
Date: February 29th, 2024 10:17 AM Author: arousing personal credit line forum very xo black and white thread. a pool is an obvious counterexample. it could easily increase your property value and provide your kids with tons of enjoyment and safety (learning to swim and loving swimming) (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47450291) |
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Date: February 29th, 2024 2:02 PM Author: Comical ticket booth Pools are a huge investment now. I got several quotes over 200K for a simple pool installation, nothing fancy. And the wait time was more than a year for a few companies (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47450988) |
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Date: February 29th, 2024 2:26 PM Author: brilliant brunch friendly grandma should I purchase property with pool if I live in Pacific Northwest? is this the credited purchase? (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47451085) |
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Date: February 29th, 2024 2:31 PM Author: lascivious address legal warrant lol you dumb asshole. pools are a total money pit even if you happen to buy a house that already has one in decent shape. double lol at paying the six figs it costs to put one in these days. (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47451108) |
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Date: February 29th, 2024 5:29 PM Author: Adventurous Hospital The guy is a moron. Pools are statistically like the lowest ROI a homeowner can do.
Highest ROI is like kitchen, bathroom, and then stuff like outdoor gardening (low return but very low cost). |
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Date: March 3rd, 2024 8:02 PM Author: arousing personal credit line forum this thread about both money and QOL. a pool is a game changer in QOL. imagine being some proles having to go to a public pool with kids. (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47460120) |
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Date: March 3rd, 2024 9:01 PM Author: drab hideous mood I imagine you look like Tsina. What would you actually use a pool for? I have a 70ft pool in my building that I occasionally use to swim laps. But it's much more pleasant to swim in the ocean where I don't mess up my hair and eyes with chlorine. If the pool is under 50ft u can't even use it to swim laps and it's basically a large bathtub(which is why I thought of tsinah) (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47460300) |
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Date: March 3rd, 2024 9:04 PM Author: arousing personal credit line forum You imagine wrong. Everyone knows I weigh 130 lb
And pools are 180 for kids you dumb virgin gook |
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Date: March 3rd, 2024 9:09 PM Author: drab hideous mood Are u claiming to be a female? Ocean or sea is good for kids. If you want them to swim competitively you have them swim with a coach in a 25m pool. And diving too, you do it in the sea for fun, or do it with a coach in a real pool. (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47460318) |
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Date: March 3rd, 2024 10:18 PM Author: arousing personal credit line forum u seem retarded. i'm talking about kids splashing around in the pool for 30-60 minutes on a summer afternoon, not a day trip to the beach or swimming competitively. (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47460475) |
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Date: February 29th, 2024 10:28 AM Author: Impressive concupiscible round eye library I've known three marriages that ended because of them. (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47450299) |
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Date: February 29th, 2024 10:48 AM Author: bonkers old irish cottage Did you fuck any of the wives (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47450324) |
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Date: February 29th, 2024 2:26 PM Author: brilliant brunch friendly grandma or husbands? (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47451093) |
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Date: March 1st, 2024 6:51 AM Author: Odious marketing idea DESCRIBE the home renos and marriages (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47452876) |
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Date: February 29th, 2024 12:17 PM Author: Opaque idiotic menage dysfunction Primary homes are a great way to LOSE money. Why? Well, because you buy too much house, you have to maintain it, you may want to renovate it, transaction costs, taxes, insurance, maintenance, financing costs, risk of casualty, the list goes on and on. That's the general principle to keep in mind. So, primary homes are consumption and they end up costing you money. That's established. Now, to the question presented about renovations. I think the general answer is that much like the primary home more generally, the renovation is not going to work out for you in a financial sense. Whether it makes sense from a consumption standpoint will be based on your individual situation and whether you can afford the renovation. If you have tons of money already, don't need to invest anymore, and really want a renovation, then maybe it will prove to be worth it from an enjoyment standpoint. This is most likely to be true if you're going to undergo a $300k-$500k renovation that requires you to move out of the house for a bit. If you're doing something like that, it will be like moving into a brand new house. And if you like the area, house, etc. etc. then maybe you can get some real enjoyment out of that. If you're talking about changing your countertops and putting in some Ikea cabinets so they all have the soft close feature, and maybe a new dishwasher, lol at you. That's not going to move the needle at all. |
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Date: February 29th, 2024 10:52 PM Author: Fantasy-prone medicated electric furnace den You’re a mouthbreathing retard. Many people make one of the few six figure capital gains in their lives through home ownership.
Adding soft close to your existing cabinets would cost like $150.
A dishwasher is $1200 installed.
These are such meaningless expenses in the context of home ownership no one sweats them.
Let me guess, you are a neckbeard renter who is “above” home ownership?
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Date: March 1st, 2024 7:03 AM Author: Opaque idiotic menage dysfunction I have owned multiple houses and lost money on every single one of them. So has everyone else I know. The only people that do not lose money on houses are the ones that aren't buying them. You sound like a Realtor or a mortgage broker. You will burn in the Fire. |
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Date: February 29th, 2024 12:25 PM Author: Blue Beta Tattoo Really depends on the condition of the house. If you bought it at an estate sale and it was untouched since the 80s, then yeah, it's probably worth it. (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47450512) |
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Date: February 29th, 2024 12:30 PM Author: magical indian lodge laser beams sure there are situations where it's worth it. most of the time it isn't though
this is such a subjective and open-ended question that it's not very useful or interesting |
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Date: February 29th, 2024 12:41 PM Author: Trip sanctuary psychic No. Try to describe a scenario where it would be worth it? (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47450644) |
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Date: February 29th, 2024 2:16 PM Author: razzmatazz chrome fortuitous meteor I bought a house that has some things I really wanted that would normally only be found in a much more expensive place. It also had some baffling design decisions and cosmetic issues that made it much less marketable. It will cost about 50-60k to increase the home value by 100-150k.
This is far from the norm though and most renovations are massive money-losers. In my case I had a desperate seller with a terrible agent who had already fallen out of contract twice by being a retard, and I was able to get the house for about 10% less than the other contract (and about 2% above lowball houseflipper offers that the seller had initially refused to even respond to). |
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Date: February 29th, 2024 2:38 PM Author: Trip sanctuary psychic Is 50-60k easy come, easy go for you? That's one problem many have.
If you make these changes now and you sell the house in 20 years, will the house need a whole set of changes at that time to look fresh and in style again for sale?
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Date: February 29th, 2024 2:43 PM Author: Comical ticket booth The house will be out of date and the changes won't make a huge difference to the value of the home unless you added new bathrooms and bedrooms. Other aesthetic changes will be out of style or old and dingy in 20 years. (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47451138) |
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Date: February 29th, 2024 2:58 PM Author: razzmatazz chrome fortuitous meteor I don't see it that way. For example, the upstairs is a random hodgepodge of floor and carpet types (that are mostly cheap and ttt) that really stand out in contrast to the much nicer construction of the remainder of the home. One room also had pet damage, which is obviously disqualifying for most people looking at million+ dollar homes. Replacing it with hardwood throughout to bring it up to the same standard as the rest of the home will make a massive difference and should still be relevant in 20 years. It also badly, badly needs another bathroom and has a perfect place to put it. (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47451197) |
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Date: February 29th, 2024 2:10 PM Author: well-lubricated very tactful church building It depends. If it is done for fashion (oooh, quartz is popular now!) then absolutely not. If it adds something that didn't exist before then it easily can increase the value of the home by more than the cost and also make it a much better place to live in. (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47451004) |
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Date: February 29th, 2024 2:20 PM Author: Bateful filthy ladyboy In most cases no. That said, I think major renovations/rebuilds, when done in the right area, can make financial sense. We purchased a place in a desirable area with good schools on a large lot that was in disrepair, put as much money into the reno/rebuild as we paid for the house, and saw an immediate 25% return on the value of the house. (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47451048) |
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Date: February 29th, 2024 2:24 PM Author: well-lubricated very tactful church building It also depends on how you bought it. If you paid for a house that needs work and that was priced in then it is way easier to recoup the cost vs buying a turnkey house and then doing work on it. (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47451070) |
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Date: February 29th, 2024 3:04 PM Author: Bateful filthy ladyboy Exactly - when you buy a turnkey house you're paying for the work that someone else has already done..and if you're doing renos you're not adding any value. If you buy a house that is in disrepair that's already priced in and all of the renos will be adding value.
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Date: February 29th, 2024 2:25 PM Author: Comical ticket booth You sold it or lived in it? (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47451075) |
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Date: February 29th, 2024 3:03 PM Author: Bateful filthy ladyboy Live in it - will sell once our kids are out of school. (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47451219) |
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Date: February 29th, 2024 2:45 PM Author: magical indian lodge laser beams desirable area with good schools tp (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47451142) |
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Date: February 29th, 2024 3:06 PM Author: razzmatazz chrome fortuitous meteor The smoke detector batteries consistently maintain their charge in this community. (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47451229) |
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Date: February 29th, 2024 11:39 PM Author: sapphire center people who are hurt (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47452426) |
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Date: February 29th, 2024 2:25 PM Author: Heady white generalized bond this is a silly question.
everything in a home wears out. are you defining necessary maintenance as strictly necessary i.e. things that stop functioning in leave the house unlivable? because i don't think many people would want to live in cabin with no hvac. how old does a kitchen or bathroom have to be before it becomes "necessary" to replace it?
as far "unnecessary" renovations -- how are they different than spending your money on any other strictly unnecessary thing? is a new car, or tv, or furniture, or vacation "worth it"? like literally every other thing beyond the bare necessities, it depends on whether your enjoyment of it exceeds the cost.
you said "for homeowners", so i'm assuming you're not speaking to the value of the house, which obviously depends as renovations may or may not increase the value beyond their cost. |
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Date: February 29th, 2024 3:28 PM Author: mischievous glassy french chef a bathroom has to get pretty goddam old before it is necessary to do shit (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47451323) |
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Date: March 3rd, 2024 9:27 PM Author: hyperactive dark gas station Cr. This is like someone saying a Rolex is an investment - it is if you never wear it. Same with homes. Best practice is to never live in it. If you live your life that way as a pernicious bean counter about the joy your own living space gives you less the projected value in 20 years, you're insane. A reno is an upgrade that should please you, the person who has to live there every day. If the reno doesn't spark joy, don't do it, unless you are doing a short term flip. If you are trying to do something to make yourself happier and you think it's an investment, then you're just crazy. The happiness is not an investment, it's a cost. Like all luxury items it'll work out if you can afford it, and if you're stretching it's not worth doing. (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47460347) |
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Date: February 29th, 2024 2:28 PM Author: Comical ticket booth No. I've done a three whole home renovations and none were worth the effort or stress. The small improvement in quality of life was overshadowed by the expense and pain in the ass contractors. If someone has time and know how to do most renovation projects on their own, then I imagine that can be a rewarding way to spend part of your life. (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47451107) |
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Date: February 29th, 2024 2:42 PM Author: Free-loading Disturbing Stage They are worth it in the sense that they keep your wife happy without having to buy a new house. Financially, new kitchen or updated bathrooms may pay off when time to sell. (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47451133) |
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Date: February 29th, 2024 2:45 PM Author: magical indian lodge laser beams (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47451143) |
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Date: February 29th, 2024 2:45 PM Author: Comical ticket booth The "updated" bathrooms and kitchen will look old by 2034 but it may pay off if you sell the house within 2-3 years of the renovation. If you're planning on raising your family or just staying put, then the house will get beat up and become out of date after 10+ years. (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47451146) |
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Date: February 29th, 2024 3:01 PM Author: brilliant brunch friendly grandma valid (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47451206) |
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Date: February 29th, 2024 3:08 PM Author: pearl mind-boggling trailer park prole The literal answer to your question is "yes, they are sometimes worth it."
Many home renovations are not worth it especially "updating" spaces in a home where you intend to stay long term. Like you said, you won't get any greater satisfaction from the space and it'll be dated by the time you want to sell it anyway. For example, my wife wants to spend $10k to "finish" our laundry room. Fuck that.
Converting an unused space into something usable is worth it. Finishing basement is worth it IMO. |
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Date: February 29th, 2024 3:08 PM Author: painfully honest legend (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47451236) |
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Date: February 29th, 2024 3:19 PM Author: lilac appetizing deer antler XO: modern home construction uses cheap as shit materials and design that doesn’t last.
Also XO: home renovations are never worth it |
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Date: February 29th, 2024 3:23 PM Author: Aromatic rambunctious milk crackhouse If your house looks like shit, yes. Aesthetics Matter. (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47451284) |
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Date: February 29th, 2024 3:31 PM Author: fragrant stead genital piercing you need to be more specific about what is NECESSARY.
For instance, a kitchen that is 40 years old probably functions fine in terms of cabinetry and countertops, but many would find it "necessary to replace those." Same with dated ovens and fridges. They might still technically function.
If you are replacing some shit that's 10 years old because you don't like the color or something that's retarded though. |
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Date: February 29th, 2024 3:33 PM Author: mischievous glassy french chef swapping out an old oven or fridge is not a "renovation" some guy from lowes drops off the new one and its over in an hour |
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Date: February 29th, 2024 10:48 PM Author: fragrant stead genital piercing I meant in the context of upgrading your kitchen overall or doing custom shit. (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47452293) |
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Date: February 29th, 2024 3:31 PM Author: clear candlestick maker goyim only if ur gonna die in that house and want to truly enjoy it customized exactly to your needs (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47451347) |
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Date: February 29th, 2024 10:42 PM Author: Bright flirting brethren Dumb question.
Some items you will increase your money. Some you'll lose all of it.
Sometimes its easier to just buy a different house. But a lot of us have 3% mortgages - so upgrading our house is going to cost 4X our current mortgage + $150,000 in realty fees. Then obviously its worth it to get some new cabinets to keep your wife happy. |
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Date: February 29th, 2024 11:18 PM Author: puce police squad You can rearrange rooms via reno and significantly increase utility. Knock down a wall and expand your bathroom, improve closet, better kitchen appliances. (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47452371) |
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Date: March 1st, 2024 5:48 AM Author: Mentally impaired swollen pistol It depends on the home's property tax basis. If you buy a cheaper house with a lower basis and do $500k reno it's probably better long term than paying $500k more for a better house with higher property tax and 0 reno.
Adding a bath or br (ie build closet into study) is always +ROI. Pools and hardscaping always negative ROI to break even unless house is multiple 7 figs or you use it for 30 years.
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Date: March 1st, 2024 6:48 AM Author: transparent vigorous national When interest rates were 2-3% it was. Anyone smart did a cash out refi then and remodeled. Free money, new house. (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47452874) |
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Date: March 1st, 2024 6:56 AM Author: tantric shrine I 90 percent agree with you and think that most home renos are aimed at filling the Black Void in man’s heart. I will be so much happier when I have my Dream House, etc.
That said, the same can be said for home buying generally. So if you’re in a house in a great neighborhood, don’t want to leave because location or kids schools, renovation to make the space more functional is a rational choice imo. Also updating an old kitchen is probably the lowest hanging fruit in terms of maintaining house value, because there are ways to do it without getting ripped off and buyers always are wanting a new fuckin kitchen. |
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Date: March 3rd, 2024 9:30 PM Author: Comical ticket booth By the time people renovate, enjoy the kitchen for 10+ years, and are ready to sell the house, that kitchen is now out of date, beat up and won't add much additional value to the house since the new owners will gut it anyway. Adding additional square footage, new bedrooms, and new bathrooms are usually the only renovations that will make a difference by the time the kids are off to college and owners are ready to downsize. (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47460350) |
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Date: March 3rd, 2024 9:35 PM Author: hyperactive dark gas station It's important to only do things to your house that will increase the value, regardless of whether it has any utility to you. These homes are mostly investments, and just like your time on Earth, fleeting. Think of the appreciation and what that will mean to you and plan accordingly. (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47460360) |
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Date: March 3rd, 2024 8:58 PM Author: drab hideous mood I read an article recently. The entire home renovation is tax deductible(even against your regular w2) if u or your wife is a real estate agent or property manager. (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47460295) |
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Date: March 3rd, 2024 9:06 PM Author: drab hideous mood I just bought a coop in Manhattan in estate sale. The only thing I am going to change is add washer/dryer and put windows on my balcony to make it into a separate room. My mom also suggested I replace the floor and kitchen cabinets (they are new but cheap) and I'm OK with keeping it cheap. She said the colors are really stupid black and it should be beige or some light brown color. (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47460313) |
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Date: March 3rd, 2024 9:32 PM Author: Comical ticket booth Who really cares about floors and cabinets if they all work well? It's the kind of thing that you can change if you want to waste money on something, but you won't even notice the difference day to day. (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47460353) |
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Date: March 3rd, 2024 9:34 PM Author: honey-headed learning disabled dilemma mental disorder I would say yes if it’s your permanent home and you are doing stuff like moving walls or overhauling the systems in the house to change the floor plan or to make a significant upgrade in your quality of life (Insulation, pipes, hvac etc). (http://www.autoadmit.com/thread.php?thread_id=5497538&forum_id=2#47460358) |