Hey Travis. I am hoping to get a bit of advice on a couple of questions regarding doing a home renovation.
We had a problem with a dishwasher that wrecked our hardwood and lower cabinets. They are currently useable but we are getting them fixed.
We are also planning some other renovations at the same time and would like your thoughts.
First, we are considering taking the fireplace out of the living room. We don't use it and would like to use the space it take up. However, my wife is concerned that the re-sale will be negatively affected without a fireplace. Do you have any thoughts on that? Also, what about an electric fireplace instead of a gas one? Are they considered just cheap or would this be a decent alternative?
Also, how much could should we expect to get out of a renovation? I know that is a tough question but if we put $45k into a kitchen reno, could we expect to raise our sale price by $25k? $20k?
We are in McKenzie Towne and our house is worth about $400 right now. The same floorplan sold for $415 with minimal "upgrades". We think it would make is sell easier but not sure about the actual price bump.
Any thoughts you may have would be appreciated. If more details would help let me know.
Thanks in advance.
Renovations
