Quote Originally Posted by kf0rt View Post
+ 100

Part of the problem is that bathroom/kitchen remodels are like weddings. Lots of chick emotion, and you'll only do it once, so the profit margin is huge.
When we saw the house we now own four years ago, it had a horrible looking red rug in the living room, a Pergo pathway from the front door to the kitchen & dining room, and you wouldn't believe the kids bedrooms. Plus some holes in the doors from obvious punches and other misc. damage.

The dog smell from the carpets didn't help.

Other Realtors told ours (N3PN, incidentally, and that's not a coincidence) that most of their clients took one look and turned around.

We got the place for $92K (they were asking for $110K originally), plus $3K back for the roof and other misc. repair.

Tore out the carpet & padding. Took out the Pergo path, just left a foyer around the door. $1500 to Home Depot for new carpeting. Got replacement doors for $30 each, plus one for half price due to some minor discoloration (which you can't see since that's now the inside to the basement door). About $100 or so for primer, paint and supplies. Another $1000 or so to cover misc. minor repairs, extending a gas line for the dryer, and so forth. Spent about $600 on the actual move, between one thing and another (we did as much as we could ourselves, used a U-Haul the last day, and had movers come just for the big furniture and appliances).

And we won't even discuss the landscaping work I've done since then, or the deck I put on the back of the place.

We've had more than a few neighbors tell me that people they know who looked at the house and ran away are now shaking their heads that they let it slip through their fingers. Tough noogies. That's what you get for giving in to the "chick emotion" and not actually thinking.