My professional opinion it’s a Bad Idea and here’s why:*You pay about 20% above the typical rent for the house as well as option fees etc.*The agreed upon purchase price will be what the owner
The Average Cost Of Common Home Upgrades
Dated: September 29 2018
Is your home ready for a face lift? Over time, even the trendiest look will become outdated and stale. You know you want to make some changes, but aren’t sure how much to budget for the changes you’d like to make. Before you decide how best to use your available funds, consider the most common upgrades and the national average cost for each.
• Garage Door (2-door) - $3,500
• Deck Addition - $10,900
• Minor Kitchen Remodel - $21,250
• Major Kitchen Remodel - $40,000
• Bathroom Remodel - $20,000
• Exterior Paint - $5,000
• Interior Paint - $2,750
• Front Door Replacement - $1,500
• Flooring -$2000-$4000
Not every upgrade will bring a solid rate-of-return when you go to sell your home and if that’s your goal, then you need to factor that into your estimates. Some of the best investments you can make include kitchens and bathrooms, new garage doors and front door and fresh paint. Each of these will bring in between 80-90% return-on-investment when you go to sell. While this might not be a dollar-for-dollar return, an updated home will always sell faster and for a higher sales price than its dated counterpart.
I purchased my first home as a single mother in my early 20's, so I know the fears, the anxiety and the financial responsibility that comes with such a large purchase. But I also know the pride, joy a....