Advice Topic:
The listing says it is a gut rehab, what does that mean? Do I have to gut it? Just want to know what it means.
WE bought a house and had it inspected, there were a few things but we didn't nit pick. We moved in a few months ago and started having work done. Turns out a light that we thought was just a burned out bulb was a whole electrical system completely messed up. They had open wires in the walls and things that were very not safe or up to code. They didn't tell us any of this and we didn't find it because we would have had to open walls to see. Can we go back and demand the seller pay for it? It's ridiculous!
I have a very minimal budget, but want to make my home look expensive. So, what can I do that will have a big impact on the eyes, but not the budget?
Husband 75 yrs. Alzheimer's. No long term care insurance. ONLY income SS. I'M 70 this year. Kidney disease. But much equity in home. Low interest HUD loan but townhouse association dues is expensive now. 26 yr old house. Needs bedrooms re- carpeting. 6k+. No neutral wall colors-Need to be large paint job. Paint job. Partial is about $10,000 minimum. More than that to get neutral colors which we don't want to live with. Our youngest adult child has epilepsy since he was a young child, and other severe diseases, and at 39 years old cannot move out, and we typically have at least one grandchild with us almost full-time. Therefore we cannot downsized any type of senior living, assisted or otherwise. We have talked with many elder care attorneys but it's time to call again and talk to us quite a few realtors and many financial planners and everybody has told us that we can't afford to live here but we can't afford to live anywhere else and we would get about half the space for far more money due to interest rates and also large moving costs. We have to make a decision now and even though we're in debt to get the carpet done because it's unmanageable and some of the paint and don't know how to proceed. No appreciable savings. Lost everything in a corporate take over years ago
We're planning renovations on our older home. We'd like to customize them to what suits us, but wonder if we're overspending and it's not worth it. So, what would devalue the house the most?
Had an house fire roof destroyed some wood on the 2nd floor and electric wiring duck work plus trust and rafters.
Thinking about building an ADU. Do I pay property taxes on the ADU? Are those taxes calculated differently than my house?
I'm thinking about adding an ADU for an aging parent. Parent is willing to pay for the ADU. Can they directly pay the construction company or does that get sticky since it's part of my property?
We'd really like to get an in-ground pool, ideally with an outdoor kitchen too. We live in Wisconsin, so we could only get use out of it for part of the year. Does the pool add value to our home? Or do people see it as something else to care for and that would turn them away from the house?
What if a room does not have a closet, can it be a bedroom?
We're planning to remodel our kitchen. We want it to be beautiful, of course, but we don't want to go so crazy with the upgrades that we never recoup our money. Is there a recommend amount to spend on a kitchen remodel? Or a percentage?
If we renovate our kitchen, how much will our home value go up? I know you can't know definitively, but is there a percentage or a range? Thanks!
How much does a bathroom remodel increase the value of my home?
We have a loft that could also be a bedroom. We're thinking of closing it up and making it a bedroom. Would this increase the value of our home to have the additional bedroom vs the loft?
The drywall ceiling in my attached garage is falling down due to improper installation, so it will need to be replaced (including insulation). I am planning to sell my house soon and was wondering if I can expect to recover this expense in the sale, or if I should just remove the old drywall and not bother to replace it. Thanks!
I got my mother's estate,needs renovations, owe 10,000 and I have bad credit. What can I do to fix it?
I am adding a metal storage building to my property. why am I required to pay sales tax for it and then pay property tax every year?
Will finishing my basement increase my property taxes? We're hoping to finish it, but wondering what kind of financial impact this will have.
What should I renovate before selling my home? I have about $10K to put towards it. The house is cared for, but really dated.
How can I tell if the property had any major repairs or renovations? Does the seller need to tell me about repairs or renovations?
Old popcorn ceilings throughout the home. Will I get a better value if I remove them? Seems overwhelming, so I prefer to leave it, but I also want to get the best value for my home.
Are home repairs tax deductible when selling? If so, what would be included?
Does a sunroom off the house add value to a home? We're thinking of adding on a sunroom/3 seasons room and wondering what our return on investment might be. Thanks!
DIY finished basement. No permits were used. Does this basement count in square footage? Do you forsee any issues down the road?
Should I replace my outdated light fixtures before selling? Will something that small add value and help me sell for more? Or should I just leave them and let the next person replace them?
Hi, We're looking to buy a home and are open to renovating an older home. Will we need a different kind of loan for a home that will require renovations? Or do we take out 2 loans? How does this work?
Do I need to replace a 20 year old roof before I sell? No leaks
The previous owner had just changed them, do i have to buy all new ones?
Do solar panels add value to a house? Can solar panels decrease value? Do some people don't want to care for them or worry about them damaging the roof?
Can you get rid of an old house smell? How?
we liked our ceiling fans. they're so useful! but are they out-dated?
When we bought we weren't given a lot of information. Now that we want to sell it seems like everyone wants to know. We know it's older. Are there public records or something?
We're planning to finish our basement and I'm wondering if we should add a second laundry room. Will that add value to our house?
We have more of a crawl space than a basement and it would be very expensive to dig it out but I feel like everyone wants basements these days. Will I get the money back on resale?
We have a 3 car garage, but no mudroom in our home. We've thought about converting part of the third garage space into a mudroom. Would this hurt our home value? Would we now have a 2 car garage? Are there other implications that we should think about before proceeding? TY
We want to sell our condo in the spring. Our kitchen is older and has forest-green linoleum countertops. We want to do some updates to make the kitchen more attractive, but we only have $2K to spend (and we'd like to spend less if possible). What updates do you recommend where we don't spend a lot, but it has a big impact on the look of the kitchen?
Do i need one if i live on a hill? Is it only certain areas that need them?
We have a small master bathroom and two small closets in the master bedroom. Should we expand our master bathroom into one of the small closets leaving just one small/medium closet?
My house was built in 1934 but someone replaced all the the interior doors with hollow ones, not solid wood. It seems weird in this historic house. Is it worth my money to replace them all before selling? - Rick
We're thinking of selling our condo. There are some things that are outdated or that could be updated. We don't want to waste our money on things that don't matter, but also want our condo to sell for the best possible price. So, what updates are worthwhile?