Because most people don’t want or have time to deal with remodel. ESPECIALLY when you have 4 young kids.
As long as everything basically works, why does one need to do a full gut remodel immediately? Slap some paint down, put down new wood or carpet, and just live in the house, fixing things as time permits.
The last house I lived in growing up had a kitchen from the 1940s. We put in a new dishwasher under the counter, re-tiled the floor eventually, and it’s still being used as a rental, as is.
BTW, kids in grades 9 and 11 are old enough to help with re-model. Learning to work with their hands rather than play with their iPad will do them some good.[/quote]
There’s nothing wrong with that. That’s exactly what I’m doing for the last 3 years. My wife is at home to watch the contractor. If she works, there’s no way I’d want to hand over the keys to contractors without anyone there to watch them. However, that’s not what the average young family want. They want a move in ready home with the features they want. If they buy old, then they want it completely remodeled ASAP (preferably before they move in).
We’re talking about a 4, 7, 9, 11 years old here, not 14-16. That’s a HUGE different.