As an HGTV addict, I understand how appealing it can be to dream about transforming a dated or dilapidated house like the Property Brothers seem to do so effortlessly--and usually in 4-6 weeks! (Remember, it’s TV.) I have been a partner in several projects in Sharon and Salisbury and, while it can make sense depending on the purchase price, location, and the extent of the renovations, it’s not for amateurs.
In the Tri-State area, we have many homes for sale with dated kitchens and baths, and those renovations usually make sense. However, beware of larger projects entailing systems, roofs, drainage, etc. Those items will suck up your budget and leave little for the fun stuff like a new kitchen and baths. National average bath remodels run $100-$200/sq. ft. and kitchens range from $30,000-$80,000, depending on material and appliance choices. It will probably take longer and cost more than you thought, so make sure you have a contingency. Look for a house that has been well maintained but needs cosmetics.
A good real estate agent can help you find a good buy--it can be cheaper to buy the more expensive house. Call or email us if you need help!