COMMUNITY FORUM

gturner

05:49AM | 05/28/01
Member Since: 05/27/01
3 lifetime posts
Bvmisc
I'm looking at a 2 story 2990 sq.ft. farmmhouse built in 1895. It sits on 1.86 acres. Newsiding,beautiful lot. The heating bills are 270 a mo. year round. There's a furnance in the basement and one in the bath on the first level. Both baths are in the back of the house looks like it was an addition. No toilet upstairs but there are hot and cold water pipes in one room. Gravity heat for the second level.It needs a new roof, to be updated to 100 amp, heating system would need to be more effiencent with heat brought upstairs. One bedroom upstairs has cracks in the ceiling and walls and the floors crooked.The inside would nedd total updated as far as the floors kitchen. The floors are painted wood planks I think.Some walls would have to be knocked out. Does this sound like afinacial nightmare? Its priced below market for the area but how much can you spend fixing up an old house? gturner

WallyV

07:24AM | 05/29/01
Member Since: 01/16/01
71 lifetime posts
Have the house inspected by a reputable home inspection agency. With a house of this age, some systems may have reached their expected lifespans. Make doubly sure the the critical systems (foundation, structure, plumbing, HVAC, electrical, landscape drainage) are at least in working order so that you can live (in relative comfort) with the house.

Cracks and out of level/plumb floors and walls may indicate some serious structural problems. Foundation and structural work are typically expensive. To support a 2nd floor with bath that you'd like, the structure better be sound. Removing non-load bearing walls is not a problem if you're careful and don't mind getting dirty. Removing load-bearing walls will require more expense.

I've seen these costs for typical remodels in articles I've read from magazines:
Kitchens ($10K-25K)
Baths ($5K-8K)
Electrical ($2K-8K)
HVAC ($8K - $20K)
Roofing ($2K-5K)

If you plan to sell after living in the house a few years, I'd stick to those changes that will return the most money come time to sell. I've read a number of articles about ROI's (Return On Investment) for different types of remodels.

Hope this helped

gturner

03:43PM | 05/30/01
Member Since: 05/27/01
3 lifetime posts
That did help Thank You for the reply.
gturner
Click_to_reply_button
Inspiration_banner

INSPIRATION GALLERY



Post a reply as Anonymous

Photo must be in JPG, GIF or PNG format and less than 5MB.

Reply_choose_button

Anonymous

Post_new_button or Login_button
Register

Melt a rainbow of crayons with a hairdryer for a funky and fun pumpkin. Beforehand, try painting the pumpkin in a bright c... Filling an underutilized area beneath the stairs is a smart way to save space. Doing so with a stash of wood, however, is ... The Audubon Society inspired wallpaper in this Adirondack-styled entryway will get you in the outdoor mood. Grab your coat... Chalkboard paint opens up endless possibilities for customizing your dresser time and time again. Use chalk to label the c... A fireplace in the bathroom creates the ultimate setting for relaxation. Homeowners often choose electric or gas over wood... Yes, a freestanding garage can become its own tiny house. Artist Michelle de la Vega has all the comforts of a modern resi... There’s nothing like a new set of cabinet hardware to refresh a room. The possibilities are endless: Go modern, rustic, or... A kitchen in a greenhouse—who wouldn't enjoy spending time in this light-filled space? Details that enhance the conservato... Chalkboard paint features prominently in this elegant yet unpretentious headboard design. Add a new message daily to reflec... Twine lanterns add pops of crafty—but sophisticated—flair to any outdoor setting. Wrap glue-soaked twine around a balloon ... The indecisive homeowner need not fret over choosing one (or even two) cabinet colors. The kitchen cabinets in this artist... Incorporate nature into your lighting scheme by securing a dead tree in a concrete mold and draping your pendant lamp from... Simple and striking, a couple of pieces of "lovingly used" furniture creates a special kind of charm. A weathered chair fo... The Infinite Artisan Fire Bowl from Eldorado Outdoor is made from glass-fiber reinforced concrete, and offered in Oak Barr... The vibrant green of Granny Smith apples make a beautifully natural alternative to the traditional evergreen wreath. Brigh...
Follow_banner_a
Newsletter_icon Google_plus Facebook Twitter Pinterest Youtube Rss_icon
 
webapp1