- 7 years ago
- Wedding: October 2011 - Bed & Breakfast
Once again, I will totally buck the trend. 20-ish % of the home’s value seems about right to me, relative to your area. The person who buys the 300k house 3 bedroom in this area is going to have VERY different standards from the person who buys the $550k house of a similar size. That $550k house will be furnished in a more high end style. It will be custom pieces, supplemented with Ethan Allen, not Ikea pieces supplemented with those from Target. Sorry if it sounds elitest (?sp), but that’s just the way it is.
By the time I am done with all furniture (custom and off the shelf), custom millwork, good quality rugs, replacing every single light fixture in the house, etc., I am sure we will have spent $70k or more. And that’s not even beginning to discuss the kitchen, master bath, hall bath, and laundry room renos, or installing hardwood floors upstairs. I am tired of buying Ikea and other stuff that does not stand up to the test of time. Yes, it’s good for 5-7 years, but then it turns to rubbish and must be replaced. I’d rather spend the upfront money to buy the really good quality pieces that will last. But since we’ll be instaling a geothermal system and spending money to make the house as energy efficient and green as possible, my interior decorating will just have to wait. Although I loathe the vast majority of our current stuff, it won’t kill me to deal with it for a few more years while we maximize all of the energy efficency incentives that are available before they expire. Besides, we have 35+ years in this house, so we can spread the purchases out over many years. When you do that, it’s really not so bad.