The refrigerator stops “freezing.” The oven stops heating, the AC’s blower stopped working. The main bath’s shower pan broke, and water is leaking into the living room downstairs; the dishwasher refuses to begin its rinse cycle, the sink aerator’s motor burned. And we just used $25,000 from our equity line of credit to pay for last year’s taxes and replace all three bathroom vanities, a new clothes dryer, and re-do the pool enclosure screen, which the homeowner’s insurance did not cover because the cost did not exceed the deductible.
As a home gets “older,” so does it’s structure, appliances, windows, cabinets, floors, etc. Since the real estate market is not in the condition to take any more sellers into the frame, we have had to maintain the refurbishment of our home. When we do finally sell (whenever that happens!), we will buy NEW!
Our home was built in 1991, it’s only 17 years old! You would figure that it should keep up a little better, but we purchased the house in 2001. Later, we found out it had been rented for ten consecutive years! Many families came and went; many leaks had been covered, many times repainted, many holes re-plastered.
Countless have been the nights I wonder how well I recaulked the bedroom windows so windy, raining water doesn’t stream down the walls during a hurricane. Every year, after year, we spent approximately $5,000 – $7,000 in upkeep maintenance. It’s a five bedroom, 3.5 baths, pool home – go figure. The pool has to be refinished, by the way, there goes another $9 to $14,000 worth of Diamond Brite.
Renovations Costing an Arm and a Leg
I can’t take it any longer. I would love a breather for at least the next seven years. I wouldn’t even mind moving every seven years so that I don’t have to deal with these constant costly renovations. I love my home, but I also need to see it in excellent condition, and it hurts when I look at my ceramic floor tiles and wish I could replace them with porcelain tile (because Travertine would be too costly). New is the way to go when buying a home unless you are buying into a neighborhood; then prepare your savings account or use your vacation money to make necessary upgrades and replace the out-dated kitchen cabinets.
Unless you are buying into a million dollar neighborhood in which homes were built back in the 1920’s or in the 60’s, are all sitting on an acre lot. Where all been updated with granite counter tops, solid wood cabinets, vertical wood blinds, tempered glass windows and doors, knock-down ceilings and walls, upgraded landscaping pieces of art, jet streamed whirlpool baths and multi-leveled shower heads. Without mentioning the cascading pool, then it is every penny and moment of your valuable money and time to invest (notice I said ‘invest’) in a refurbished home. Otherwise, buying a brand new cookie cutter or even having made to order will bring you the next couple of years of peace and relaxed mind that you can put your money into something a lot more fun such as decorating!