(Closed) Buy something renovated or do the renovations yourself?

posted 7 years ago in Home
Post # 3
Member
572 posts
Busy bee
  • Wedding: December 1969

You would have to “pay for it” either way.  A big factor for me would be adding up how much it would cost to renovate the old house.  And time.  Do you have time to renovate DIY or would you need to hire someone (costing some more money)?

Post # 5
Member
493 posts
Helper bee
  • Wedding: June 2010

I’m probably biased because DH is a remodeling general contractor, but I’d definitely prefer a fixer upper.  It drives me batty when I watch shows like House Hunters and people complain about paint color.  To me a house is about location and good bones, and price of course.  If you do the work yourself, or pay someone, you get to choose all the finishes and make it totally your own.  

Post # 6
Member
13101 posts
Honey Beekeeper
  • Wedding: July 2010

I’d rather buy a house that needs minimal to no renovations (but I don’t count changing paint color and fixtures and such to be renovations).  Neither DH or I have to know-how to take on a full re-doing of a kitchen or bathroom and since DH is out of town all week, most work for renovations would fall on me.

But I’m prefectly happy to pick up a paintbrush to change a wall color or a screwdriver to change handles and fixtures and such!

Post # 8
Member
418 posts
Helper bee
  • Wedding: June 2014

I would prefer something that is mostly done, but maybe needed a few things done so I could add my own personal touches. (Like light fixtures, faucets, paint colors, crown moulding, etc.). But at the same time, it would have to be done in a way that suited my tastes, or I would rather do the upgrades it myself.

Ditto on getting TOTALLY IRRITATED about people complaining about SIMPLE fixes. The only one I’ll agree with is wallpaper, now I definitely wouldn’t want to tear down a house full of that!

Post # 9
Member
572 posts
Busy bee
  • Wedding: December 1969

@RoundtreeBee:  When a friend was looking for a house last summer, she would totally disregard a house because of a wall color.  You can paint it!

Post # 10
Member
610 posts
Busy bee
  • Wedding: May 2011

Personally we go for the cheaper fixer uppers because FI is super handy and i can do things like painting. We have thought about buying an already renovated place but, in the long run there usually not our taste anyway and we feel better off to save $40,000 and do it up how we like.

Post # 12
Member
13101 posts
Honey Beekeeper
  • Wedding: July 2010

@bananarama: I’ll second that too!  Just because something is already renovated doesn’t draw me to it.  It has to have been renovated in a style that fits DH and I too or what is the point?!

Post # 13
Member
3943 posts
Honey bee

Well, for our first and current home we wanted something that wasn’t a total fixer upper, but wasn’t totally done either. It can be easier (depending on lots of variables of course) to build equity in a home when you make some upgrades. Its fun, and we are learning a lot. 

For our next home we will probably look for something that doesnt need much work.

Post # 14
Member
14302 posts
Honey Beekeeper
  • Wedding: June 2011

I would go for the fixer as long as it didn’t involve tearing down walls and changing the structure.  I think it would be fun to put the work in and you’d learn so much about the house.  And you can add so much more value to the house by doing upgrades yourself and you can get exactly what you want in the meantime.  You pay a premium for upgrades someone else does since you dont have to front the money – thats why people can make money flipping a house. 

The downside is that renovations require money since you (usually) wouldnt take out a loan for it instead of paying the premium and just paying a little more on your mortgage payment, and of course time and the learning curve.

But with that said… i ended up with a move in ready.  The only thing I would change is the bathroom vanities.  It was the only house with this kind of layout we liked and just happened to renovated by the last owner.

Post # 15
Member
10367 posts
Sugar Beekeeper
  • Wedding: September 2010

My style doesn’t match most people’s, so i’d rather renovate myself. I lov really modern stuff, and it seems like most houses we’ve seen are all updated in a more traditional fashion. Don’t want to pay for those upgrades and then still want to rip it all out, you know?

Post # 16
Member
191 posts
Blushing bee
  • Wedding: August 2011

When my fiance and I were looking for houses we saw several that were foreclosures.  They were beautiful houses and great prices but would have needed A LOT of work.  We ended up buying a house that needs the smaller things (wallpaper, paint) and still needs some upgrades we want (new kitchen and finished basement) but looking back we are so thankful we didnt buy anything that would take any real work.  We love just being able to enjoy our home and doing the upgrade things that we want to make it our own!

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