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| Name: |
noagenda
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| Subject: |
Looking for advice?
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Date:
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9/23/2005 11:49:17 AM
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I have a place near Pleasure Point that is approximately 30 years old. While functional, I am considering having renovated. Basic two story with retrofitted central air with rigged ventilation, plastered ceiling and basic 70's decor. Have any of you guys had a similar situation? I am thinking two options....
1. Hiring a architect and renovating.
2. Waiting and doing a tear down and reconstruct.
Any advice; recommendations? I am a basic working stiff; blessed but not wealthy.
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| Name: |
Party Naked
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| Subject: |
Looking for advice?
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Date:
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9/23/2005 1:58:27 PM
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Personally I would keep the 70's decor, add a bar, pool table, nice sound system, and a stage with a pole in the middle of it. LOL
On a serious note, an older house will require years of work and upkeep. Not to mention the amount of money you will spend on a renevation. We have been working on our house for 15 or so years. Constant never ending battle. However we live there full time. A weekend getaway could be left at that. Minor repairs when needed with years of enjoyment. A new house on the other hand could offer you years of enjoyment without most of the upkeep. A considerable amount of money none the less. Personally I would stay with the weekend getaway with minor repairs as needed.
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| Name: |
roswellric
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| Subject: |
Well,
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Date:
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9/23/2005 2:30:48 PM
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How do you want to use it? What do you want the property to do for you?
I can tell you that if you are going to update beyond just cosmetic stuff you will need an architect. Please do that before adding rooms, moving walls etc. or you might get no bang for lots of bucks!
The experts say the biggest return on your money is kitchens and baths. The current ticket is ceramic in the baths, wood floors in the living and Kitchen areas, granite countertops, upscale stoves/ cooktops (gas) new or refronted cabinets. For a 70's house the master bath is the biggest problem since they were typically too small. This is where you might need the architect. Also some times the master can be relocated -so once again the architect is needed.
If you have a tear-down, figure what the place is worth and figure $125-150/ sq ft for at lease 2200 sq ft to see if that makes sense. I think demo costs would be $10-15,000 (?) If this is totally unrealistic in your developement or for your lot then rehab makes more sense.
Just my humble opinion. Good luck!
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| Name: |
Feb
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| Subject: |
Looking for advice?
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Date:
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9/23/2005 3:14:50 PM
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In my opinion, you have already received some excellent advice. I will just reinforce what they have stated - it is mostly a personal decision. We can only provide you with some thoughts and maybe a few questions to ask yourself. Don't know your age, but as I have gotten older and my knees have gotten worse stairs are not desirable. I will stick with a single level as opposed to your two story. I think you have to first ask yourself and your family members what is it that you want to ultimately end up with. Then the question becomes whether it is feasible to adapt your existing place into that dream. Either way, you will be well advised to have an architect.
Along with the appearance and update, there is the concerns of maintenance free exteriors and energy efficiency of newer designs and building materials. New designs seem to favor much larger windows for views of the Lake and a more open floor plan on the interior. RR made a valid point concerning your master bath. Another concern with aging is walk-in showers as opposed to tubs. I am 58, but one day I will be 68 and then hopefully 78. Think ahead in regards to how long you hope to hold your place. Then think about the placement of your cabin on the lot. Is it currently angled to the fulliest advantage of your Lake view? Also consider whether you can eliminate the need for out building with the incorporation of a walk-out basement even if not finished will provide storage of lawn & garden care tools, workshop area, location for utilities that free up living space, safety from tornados, a location for a possible emergency generator, and etc. Last but not least consider which option will add the most future value to an already desirable water front location.
Hope this has been of some help in things to consider.
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| Name: |
noagenda
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| Subject: |
Thanks to all
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Date:
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9/23/2005 9:23:09 PM
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I appreciate the kind responses. Good advice and sincerely appreciated.
Since it will be a weekender for at least the next ten years, my thought is to make some cosmectic improvements and figure it out when I get close to retirement. It's hard sometimes to hold back on the upgrade fever.
I can use the $ for beer and gas.
R
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| Name: |
roswellric
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| Subject: |
Feb
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Date:
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9/23/2005 10:53:30 PM
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You are 48 at heart!
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| Name: |
roswellric
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| Subject: |
Funny..
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Date:
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9/24/2005 8:23:31 AM
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That's what I decided too. But watch out for those incremental wifey upgrades....they have different ideas :-)
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