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Post by Leone on Dec 5, 2019 16:03:45 GMT
Our 25 year old house was becoming a money pit. When we decided to move, we wouldn’t look at anything older than five years. My new one was three years old and I’m shocked how much improvement has been made in new builds.
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mallie
Pearl Clutcher
Posts: 3,253
Jul 3, 2014 18:13:13 GMT
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Post by mallie on Dec 5, 2019 23:05:01 GMT
Our current house is about 18 years old. Since we bought it 3 years ago, we -replaced the HVAC (necessary, $5K) -replaced the hot water heater (necessary, $1.5K). -painted it outside and fixed stucco cracks (necessary, $3K) =painted inside (cosmetic since the paint was in good shape but I didn't want to live with bright orange and dark brown walls, $1.5K), -replaced the disgusting carpeting with laminate (necessary, $2K) -installed granite countertops (cosmetic, but I couldn't handle the bright green countertops any more, $3K) And yes, that means I had a bright orange and dark brown kitchen with bright green countertops. -I also landscaped the yard this year which cost another $2K.
The shower stall in the master bathroom is in desperate need of a re-do. I have gotten bids for $5-$9K.
I will never buy a house when it is around the 15 year mark. Everything needs replacing. For the amount of money we have spent, we could have bought a nicer, newer house. Or we could have bought a super cute older home, put that money into it and ended up with a suepr cute older home with updates.
I also learned that next time, i will not be in a hurry to buy just to get out of temporary housing.
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Post by needmysanity on Dec 5, 2019 23:14:23 GMT
Our house is 9 years old and we keep our home insurance policy every year. It's $525 a year and that covers AC (it's $450 is you don't cover AC). Our deductible is $75 a claim so it's very worth it. We have had our AC break twice (we have 2 units0, hot water heater replaced, and our garbage disposal replaced.
We haven't done any remodeling yet but hope to pull out the carpet and tile in 2020.
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julie5
Pearl Clutcher
Posts: 3,611
Jul 11, 2018 15:20:45 GMT
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Post by julie5 on Dec 5, 2019 23:20:02 GMT
Our house is at the 20 year mark and all the typical crap has went wrong. Had to redig the entire water line in 2016, replace water heater twice, new roof and siding, replaced the garage door motor. Next is going to be the furnace i think. My husbands aunt and uncle built the house (he bought it from them 6 years ago) and they took the cheap way out on EVERYTHING. So I’m thinking our expenses to upkeep should have been half of what they are but what do you do right.
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Post by Scrapper100 on Dec 5, 2019 23:30:48 GMT
It varies from year to year. This year we had some trees removed as they were getting too much for us to maintain them and it was cheaper to remove than have them trimmed a few times a year. We also replaced mulch with decorative rock, one time cost and not a fire hazard. Redid and added some needed drainage in the yard. Bought new family room furniture and today replaced the dishwasher. So we spent well over 10k.
Next year we will probably replace the water softener and water filter. We want to replace some window treatments and a chandelier left by the former owners as they are not our style at all. We need to replace our living room furniture to as we inherited the tables 23 years ago and never loved them and our sofas are probably 20 years old. They are still in great shape but very dated. We are probably going to need to repaint the outside of our home and I am really dreading it both from a cost and just not sure how they will get to the back of our house as we have an aluminum patio that goes the whole width of the house. I know a scaffold but it’s just so wide it’s in three sections but all connected.
At some point we will need to redo the master bath. I am so not looking forward to that as we did that in our old house and it’s time consuming and expensive. I figure the water heater is going to need to be replaced soon to. I don’t even want to think about the air conditioners and heaters or carpet and wood floors. I know they will need updating in the next five years.
I think 1-3% here in California if your home is more than 10 years old is pretty realistic.
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Post by snugglebutter on Dec 5, 2019 23:39:34 GMT
We have a similar age/size house as the OP and we probably spend 2-3K most years. We could probably spend double or more, as there is never a shortage of possible projects. The exterior needs paint so that will be a higher year.
We bought from the original owner and she took pretty good care of the house.
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joelise
Drama Llama
Posts: 5,649
Jul 1, 2014 6:33:14 GMT
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Post by joelise on Dec 6, 2019 10:00:39 GMT
My house is 4 years old and the only money I’ve spent on it is £10 a month to get the windows cleaned.
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