need to get back on the budget track...

iVillage Member
Registered: 05-15-2007
need to get back on the budget track...
7
Wed, 08-19-2009 - 3:39am

too many decisions, my head is spinning trying to figure things out..actually I'm not even sure what this post is about, so I'm hoping it all comes together as I type it out!



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iVillage Member
Registered: 01-31-2007
Wed, 08-19-2009 - 7:01am

I have one suggestion - in lieu of carpet have you considered putting in pergo (laminate flooring)?

We replaced all the carpet in our house with a nice cherry finish and it cost about the same as carpet. Our house is about about 1000 sq feet and it cost us about 1200 (the flooring was medium priced, and of course may cost more or less depending on your location). The pros to this decision is that most pergo has at least a 15 year warranty. It made the value of our house go up several 1000 each room. Also keep in mind that carpet is supposed to be replaced every 3-5 years, is bad for allergies (this is why we got rid of ours), and expels horrible chemicals for the first several months that you have it.

If you ultimately want to sell your house and get a return, this is a great investment, and less labor in the long run.

Ultimately, it sounds like you have a busy time ahead of you. Good luck!

KC

iVillage Member
Registered: 02-26-2007
Wed, 08-19-2009 - 9:21am

Can you look at any of the other houses in your neighborhood to see what kind of upgrades they have or talk to RA about what improvements would you see the most return on?

For example we put in a 3rd bathroom that is attached to a room upstairs. The room is big enough to be considered a second master. Cost of the bathroom was $3,000 but it added $7,500 to the value of our house. I have laminate but wanted hardwood. Hardwood would be overspending for the neighborhood esp since we plan to move in 10 years

Kitchen and bathrooms sell homes so I would put the bulk of your money there.

Good Luck!

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iVillage Member
Registered: 05-15-2007
Wed, 08-19-2009 - 1:28pm

I checked at Lowes...looks like the cheapest option on laminate flooring is about .98 a square foot, pergo is $2.15 a square foot so that would cost us about $1050 for the cheapest stuff and $2300 for the pergo. I"m not sure what additional supplies are needed...I'm sure there is something or many things! I guess we'll have to do a little shopping around...we have some time, since we want to do the floors last.

Also...our trim is dark wood as well as the doors and window ceils...so I"m not sure how to make the old look good with the new, we weren't planning on painting over the trim work.











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iVillage Member
Registered: 01-13-2005
Wed, 08-19-2009 - 2:57pm

Just a quick 2 cents. DH and I fliped a house at the high of market. When I was talking to the appriatizer once it sold I ask how much this and that drove the value up. He said

Erin
iVillage Member
Registered: 12-13-2007
Wed, 08-19-2009 - 11:36pm

Congratulations on the house!

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iVillage Member
Registered: 05-15-2007
Thu, 08-20-2009 - 12:12am

Thank you for all the responses.

Flooring...I for sure want to do tile in the bathroom. I'm leaning towards laminate for the entry, hall and living room. Great reminder to leave the bedrooms carpeted. The kitchen and the dining area are the only places that I'm just not sure what to do. Currently we have the vinyl tile...but there are 2 different kinds dividing the to areas. I'm thinking maybe putting tile in the Kitchen and extending the wood floor from the living room into the dining area. The kitchen floor is only 45sqft, and I"m just not sure I like wood in the kitchen with all the water. Especially if we go with a cheaper quality flooring.











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iVillage Member
Registered: 05-15-2007
Thu, 08-20-2009 - 1:30am

Thanks for your response Erin,

I mentioned the appraisal changing because the house only recieved an average condition rating because well...the bathroom was torn apart and not really fit for living. So I think making the place look nicer will help change the low rating it got therefor allowing it to increase in value.

If I understand correctly the appraiser looked at a couple houses in the area that recently sold. One that he mentioned sold for 109K, but the adjusted price ended up being like 17K lower when they made the house comparable to our house because of the condition and size (I think that's what he said).











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