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Author: katiewa Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127684  
Subject: Re: Poll: new kitchen to sell house Date: 10/9/2013 5:36 PM
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..."what is your goal for this house"?

Therein lies part of the problem. While sitting in my nice, new home with my computer and warm floors, etc., 1200 miles away from the other place, a huge part of me says "just get rid of it".

Then I look at the numbers--my best guess (questions in to agent) is that we'd get about $300K and it would take longer with the existing kitchen. With the new kitchen, I think $345K+ is quite doable, and in a much shorter time span. Pretty substantial dollar difference. Also, there is a reasonable probability that carrying costs for the longer time on market would be about the same as the time to redo the kitchen plus shorter time on market, so I'm mostly ignoring that particular variable.

And while the first week of my last remodeling session nearly killed me (no TV, no internet, no computer, no humans, no books), by the end of the second week I was pretty into it (and I had bought a stack of thick books at the second-hand store). At the end of four weeks I could almost have gone another several--the transformation was pretty amazing. Part of me would love to do the kitchen just to see it.

Another new variable is the government shutdown. While oil is booming, another major employer for the area is the Department of Energy. One of my questions for my agent is how they anticipate the shutdown impacting things. Waiting until after Christmas might not be optional.

If only there were some guarantees and fewer variables....!!!!

Thanks.
Kathleen
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