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briansd1.
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October 4, 2011 at 5:00 PM #730022October 4, 2011 at 5:39 PM #730023
an
Participant[quote=jpinpb][quote=bearishgurl][10, 11 and 12: All new kitchen appls (bolded above). jp, since you are our “resident appliance lady,” why don’t you take a stab at this cost – I have no idea . . . lol.
[/quote]I would love to give a rough estimate on it, but quite honestly, it varies so greatly from different models. And also depends if they got lucky and found them at an outlet like Sears or even the Standard of Excellence outlet. It goes w/out saying that Jenn-Air and Fisher and Paykel are top-of-the-line appliances and the GE Profile/Monogram are their high end. They will have to pay someone to remove the old and install the new. I’d say the conservative low end estimate for all that would be in the 20k range at least.
The custom window replacements are not cheap. I think your estimate may be low on that if you consider install as well.
Lights and ceiling fans would be higher installed, as well.
Having just done a kitchen remodel, and doing a lot of work shopping around to get deals and negotiate w/people, I do not think that 39k is very high. Those cabinets even have glass in them. Some of those pull handles aren’t very cheap. We did so much of the work ourselves to save money. If they had to hire someone to do all the work, then 39k could actually be low. Those cabinets look like they might be Martha Stewart types.
I also just did my bath and again, BG, 5k is conservative. They have wainscoating on the walls and some very nice tyle design on the floor. This wasn’t lipstick on a pig.[/quote]
Wow, low end estimate for those appliance = $20k? I did a quick search and a similar Jenn-Air fridge seems to be going for ~$2k, the cook top is $1k, the dish washer is $1k, microwave is ~$500. Add that up and I expect those appliances to be around $5k. Am I missing something or is the local stores are marking things up by 3-4x?I didn’t do any of my kitchen remodel (contractor did 100% of the job), yet I think $39k is too high for that size kitchen. My kitchen have probably 2x the cabinets as this PL home(solid maple), granite counter, marble floors, and it cost me around $25-30k. We all know the cabinets are the most expensive part of the kitchen (mine cost 2/3 of the total cost).
Regarding bath, I just redid mine (retile (travertine shower floor to ceiling: ~$1.5k, 5 feet vanity (solid maple) + granite counter + Kohler sink and faucet; ~$2500, marble flooring: ~$500) add to total of ~$4.5k. If you add in $500 for wainscoting (which I think is quite generous) and it’ll be ~$5k. What are you doing JP to your bathroom that would make $5k be conservative?
October 4, 2011 at 5:53 PM #730024jpinpb
ParticipantAN – you must be looking at some very low end Jenn-Air fridges. I’ve got a high-end Kitchenaid that costs about 3k, so I know the Jenn-Air is way more than that and was out of my budget. And I was lucky enough to find Bosch dishwasher at Sears outlet that ran 900 bucks. The Fisher Paykel costs way more than Bosch.
As for the bath, I said 5k was conservative b/c looks like they probably redid both baths.
October 4, 2011 at 6:07 PM #730025bearishgurl
Participant[quote=AN]Wow, low end estimate for those appliance = $20k? I did a quick search and a similar Jenn-Air fridge seems to be going for ~$2k, the cook top is $1k, the dish washer is $1k, microwave is ~$500. Add that up and I expect those appliances to be around $5k. Am I missing something or is the local stores are marking things up by 3-4x?[/quote]
AN, You forgot (or don’t realize) that the cooktop/range (I would estimate) is $3000 +/-, even on clearance.
[quote=AN]I didn’t do any of my kitchen remodel (contractor did 100% of the job), yet I think $39k is too high for that size kitchen. My kitchen have probably 2x the cabinets as this PL home(solid maple), granite counter, marble floors, and it cost me around $25-30k. We all know the cabinets are the most expensive part of the kitchen (mine cost 2/3 of the total cost).[/quote]
AN, can I ask you if you ordered custom “Thomasville” cabinets for your kitchen? And why did you put “$30-$35K” in a “MM tract home” kitchen? I don’t understand why someone would do that in that area.
[quote=AN]Regarding bath, I just redid mine (retile (travertine shower floor to ceiling: ~$1.5k, 5 feet vanity (solid maple) + granite counter + Kohler sink and faucet; ~$2500, marble flooring: ~$500) add to total of ~$4.5k. If you add in $500 for wainscoting (which I think is quite generous) and it’ll be ~$5k. What are you doing JP to your bathroom that would make $5k be conservative?[/quote]
AN, how much of your bath remodel work did you do yourself?
Not trying to diss MM here. I understand everything and have lived in “working-class” areas myself in the past and still do. But why would you invest this kind of money in MM? Do you think you will be able to recoup the cost upon sale??
October 4, 2011 at 6:14 PM #730026ParticipantBG – yeah, that cooktop/range is not cheap. I just got a Frigidaire stove/oven and that ran me 2k. I was considering not getting a slide-in range and just get a countertop stove until I saw how much that was going to cost me. A little shocking.
October 4, 2011 at 6:49 PM #730027Participant[quote=jpinpb]BG – yeah, that cooktop/range is not cheap. I just got a Frigidaire stove/oven and that ran me 2k. I was considering not getting a slide-in range and just get a countertop stove until I saw how much that was going to cost me. A little shocking.[/quote]
jp, my own Jenn Air 30″ convection “wall oven” (to replace my “dead” standard 1993 model) cost me nearly $1100 4 years ago (and that was less than half-price) for a “Lowes out-of-box display model.” My (circa 1993) Maytag 30″ glass gas cooktop (which cost my former owners $430 at the time) currently has a broken “automatic ignition” on 3 burners. Therefore, it simply leaks gas into the house when you turn them on to ignite them (very dangerous). Its gas is currently turned off. Two weeks ago, I ordered a $215 (incl tax) replacement from Best Buy but is on backorder and will not be delivered until after 10/23. It is a black enameled steel gas cooktop (MUCH cheaper).
I would love an “induction cooktop” but my neighborhood has fabulous well-built homes (over 60 years old) that are not worth sh!t in this “current RE climate.” There is no way I would invest in what “I really want.”
In the current “RE climate,” it’s not about what the homeowner “really wants” in their home and totally about “if it’s really worth it to invest this amt of money.” :={
October 4, 2011 at 7:08 PM #730030Participant[quote=jpinpb]AN – you must be looking at some very low end Jenn-Air fridges. I’ve got a high-end Kitchenaid that costs about 3k, so I know the Jenn-Air is way more than that and was out of my budget. And I was lucky enough to find Bosch dishwasher at Sears outlet that ran 900 bucks. The Fisher Paykel costs way more than Bosch.
As for the bath, I said 5k was conservative b/c looks like they probably redid both baths.[/quote]
I think you overestimate how much Jenn-Air stuff cost. This is the exact same Jenn-Air model as the Plum house: http://www.comparance.com/Refrigerator/Jenn-Air/JBR2088WEM
As you can tell, the MSRP is $2700. I’m sure you can find places that sell them for cheaper than MSRP.Here’s a Fisher Paykel dishwasher:
http://www.google.com/products/catalog?q=Fisher+and+Paykel+double+drawer+dishwasher&um=1&ie=UTF-8&tbm=shop&cid=634122041706028615&sa=X&ei=XbyLTs2jEcWDsAKtnv3LBw&ved=0CG4Q8gIwAg
They’re going for between $900 and $1200 shipped.I agree $5k would be conservative for both bathroom, but not for one.
October 4, 2011 at 7:17 PM #730029Participant[quote=bearishgurl]AN, You forgot (or don’t realize) that the cooktop/range (I would estimate) is $3000 +/-, even on clearance.[/quote]
You’re right, the oven is $3k, which I’m missing. Another $3k would bring the appliance to $8k-$10k. Still far from $20k.[quote=bearishgurl]AN, can I ask you if you ordered custom “Thomasville” cabinets for your kitchen? And why did you put “$30-$35K” in a “MM tract home” kitchen? I don’t understand why someone would do that in that area.[/quote]I can’t answer your Thomasville question, since I don’t have Thomasville cabinets. But mine is also solid maple. Care to explain what’s so special about Thomasville? Is their maple better somehow? To answer your question why I’d upgraded my kitchen, it’s the same reason why anyone would ever spend any money to upgrade kitchens (i.e. for personal enjoyment).
[quote=bearishgurl]AN, how much of your bath remodel work did you do yourself?
Not trying to diss MM here. I understand everything and have lived in “working-class” areas myself in the past and still do. But why would you invest this kind of money in MM? Do you think you will be able to recoup the cost upon sale??[/quote]
I didn’t do any of the bath remodel myself. I purchase materials, find sub contractors and have them do the labor.
[quote=bearishgurl]I don’t understand why someone would do that in that area.[/quote]
[quote=bearishgurl]I understand everything and have lived in “working-class” areas myself in the past and still do.[/quote]
So, which is it? You don’t understand or you understand everything?BTW, according to closed comps and appraisal, I can tell you I probably recouped about 90-100% of my cost.
You seem you have a very narrow perception of why people do things. Why wouldn’t I want to invest in my home to make it more comfortable/enjoyable to live? Do you think only rich people and expensive houses should make their home enjoyable and customized to their own liking?
October 4, 2011 at 7:18 PM #730031sdcellar
ParticipantIs it you’re doing it for yourself for enjoyment (which I get), or is it because you think it was a sound investment?
Didn’t you just say that recouping 90-100% of your home improvement dollars was unrealistic? I’m pretty darn certain you haven’t recovered your buy + improvement costs, so you telling yourself you have says a lot.
October 4, 2011 at 7:34 PM #730033ParticipantAlso, for all your blubbering, you understand that the property appears unimproved when it sold in 2003 (heck, it was your comment!), so it actually seems like a pretty darn good deal to me. If it were to sell in the mid to high fives, you don’t want to think about what your house and its improvements would get you.
I wouldn’t be very happy for that matter either, but that’s because I overpaid more than your average Pigg.
October 4, 2011 at 7:47 PM #730034ParticipantEven at $125k improvement cost plus 2003 price and 100% return on improvement investment. It would bring this house back to 2003 price. Are you saying getting 2003 price is a good deal? I don’t. We got side track with the remodeling cost details. So ignore that and tell me who thinks 2003 price is a good deal? There no point in discussing about Mira Mesa in a Point Loma thread.
To me upgrading a house is like buying a luxury car. I expected to lose money but I do it for my own enjoyment.
October 4, 2011 at 7:55 PM #730035ParticipantI personally think 2003 pricing is still high, which is why I started out my post about this property saying it’s still a lot. But it is Point Loma (which is much more desireable than Mira Mesa). And the interest rates are much lower than 2003. And it is highly upgraded. So when you factor in everything, then the price is not too bad. Great deal, no, IMO. But decent price overall.
October 4, 2011 at 8:04 PM #730036Participant[quote=AN] . . . You seem you have a very narrow perception of why people do things. Why wouldn’t I want to invest in my home to make it more comfortable/enjoyable to live? Do you think only rich people and expensive houses should make their home enjoyable and customized to their own liking?[/quote]
Actually, AN, my perception isn’t “narrow” at all. Above all, I am a “realist.” I plan to sell it (or rent it out) in a little over 2.5 years and will NOT be able to recover any monies over and above that which I have already put into my home. I have owned it over 10 years.
If you will own your home for at least 20 years, perhaps you will be able to recoup the cost of your improvements. Even if you do not, you may likely have enough time to recoup “enjoyment” from what you spent on it. Only YOU can put a price on that, whether or not you will be able to recoup the costs of improvements upon sale.
October 4, 2011 at 8:11 PM #730037Participantjpinbp x 2
October 4, 2011 at 8:16 PM #730038Participant[quote=AN]Even at $125k improvement cost plus 2003 price and 100% return on improvement investment. It would bring this house back to 2003 price. Are you saying getting 2003 price is a good deal? I don’t…[/quote]
It IS, for a fully “rehabbed” property in the prime areas of PL.
[quote]We got side track with the remodeling cost details. So ignore that and tell me who thinks 2003 price is a good deal?
There no point in discussing about Mira Mesa in a Point Loma thread.[/quote]
Yes, there IS a point in discussing the two areas (as it applies to how much to invest in them), AN, because YOU (in essence) stated these sellers overspent in PL. YOU stated that YOU were able to do the job(s) for less in MM but (1) they are not, in actuality, the SAME JOBS, and (2) comparing MM to PL is comparing apples to oranges.
You were RIGHT that these sellers overspent but it is NOT because it was in the “wrong area.” It was because they HAD to sell the property at the “WRONG TIME,” for whatever reason . . . a very unfortunate situation for them but very fortunate for the buyers :=]
[quote=AN]To me upgrading a house is like buying a luxury car. I expected to lose money but I do it for my own enjoyment.[/quote]
I understand your mindset now. Thank you for your honesty.
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