Comments on: Increasing Resale Value in Your Home http://www.thickenmywallet.com/blog/wp/2007/06/11/increasing-resale-values-in-real-estate/ Everything to do with thickening your wallet Wed, 01 Feb 2012 15:44:00 +0000 hourly 1 http://wordpress.org/?v=3.3 By: More New Canadian Personal Finance Blogs http://www.thickenmywallet.com/blog/wp/2007/06/11/increasing-resale-values-in-real-estate/comment-page-1/#comment-221 More New Canadian Personal Finance Blogs Mon, 25 Jun 2007 02:30:23 +0000 http://www.thickenmywallet.com/blog/wp/?p=59#comment-221 [...] the blog features an eclectic mix of money topics. Some recent highlights included a post on increasing your home’s resale value and a series of posts on saving money at the supermarket. (RSS [...] [...] the blog features an eclectic mix of money topics. Some recent highlights included a post on increasing your home’s resale value and a series of posts on saving money at the supermarket. (RSS [...]

]]> By: admin http://www.thickenmywallet.com/blog/wp/2007/06/11/increasing-resale-values-in-real-estate/comment-page-1/#comment-139 admin Mon, 11 Jun 2007 17:41:07 +0000 http://www.thickenmywallet.com/blog/wp/?p=59#comment-139 Sorry. You are right. Sorry. You are right.

]]> By: FourPillars http://www.thickenmywallet.com/blog/wp/2007/06/11/increasing-resale-values-in-real-estate/comment-page-1/#comment-138 FourPillars Mon, 11 Jun 2007 16:44:28 +0000 http://www.thickenmywallet.com/blog/wp/?p=59#comment-138 Interesting. Your comment - "I would have thought that putting in $100,000 in a new kitchen would have greater ROI than $1,000." Did you mean the other way around? I would expect that smaller outlays should have greater ROIs. Interesting.

Your comment – “I would have thought that putting in $100,000 in a new kitchen would have greater ROI than $1,000.”

Did you mean the other way around? I would expect that smaller outlays should have greater ROIs.

]]> By: admin http://www.thickenmywallet.com/blog/wp/2007/06/11/increasing-resale-values-in-real-estate/comment-page-1/#comment-137 admin Mon, 11 Jun 2007 15:52:43 +0000 http://www.thickenmywallet.com/blog/wp/?p=59#comment-137 Thanks for the post. The tool, as you quite accurately point out, leaves a little to be desired but it is a good gauge of what renos to do if you are looking for the largest ROI. I just found it funny that you could put $1,000 or $100,000 and the results came out the same. I would have thought that putting in $100,000 in a new kitchen would have greater ROI than $1,000. It is what it is one supposes. With respect to the kitchen, I am now weighing repainting them and replacing them all together. I have been told this morning I have to completely strip off the finish and repaint to do it properly and it may be about the same price (and less time consuming) to replace them altogether. I'll keep you updated. I was also told that I should get in line- the trades are too busy to do anything this month. Thanks for the post. The tool, as you quite accurately point out, leaves a little to be desired but it is a good gauge of what renos to do if you are looking for the largest ROI. I just found it funny that you could put $1,000 or $100,000 and the results came out the same. I would have thought that putting in $100,000 in a new kitchen would have greater ROI than $1,000. It is what it is one supposes.

With respect to the kitchen, I am now weighing repainting them and replacing them all together. I have been told this morning I have to completely strip off the finish and repaint to do it properly and it may be about the same price (and less time consuming) to replace them altogether. I’ll keep you updated. I was also told that I should get in line- the trades are too busy to do anything this month.

]]> By: FourPillars http://www.thickenmywallet.com/blog/wp/2007/06/11/increasing-resale-values-in-real-estate/comment-page-1/#comment-136 FourPillars Mon, 11 Jun 2007 15:44:06 +0000 http://www.thickenmywallet.com/blog/wp/?p=59#comment-136 How much did it cost to get the cabinets repainted? I did this myself twice and it's a crappy job. Those reno estimates are almost useless. There are so many other factors involved ie if you have a crappy kitchen and put $10k into it, you'll probably make 100%+ of your investment. If you have a reasonable (but not new kitchen) and put money into it, then your return will be much lower because you are removing value with the old kitchen. However in general terms they give an idea of where u should and shouldn't put your money. How much did it cost to get the cabinets repainted? I did this myself twice and it’s a crappy job.

Those reno estimates are almost useless. There are so many other factors involved ie if you have a crappy kitchen and put $10k into it, you’ll probably make 100%+ of your investment. If you have a reasonable (but not new kitchen) and put money into it, then your return will be much lower because you are removing value with the old kitchen.

However in general terms they give an idea of where u should and shouldn’t put your money.

]]>