A new kitchen for less than $7,000 and other ways to remodel your home on the cheap
by: Mary Chao
It’s a seller’s market.
Inventory is tight and multiple offers abound for homes in good condition. Yet despite low inventory and competitive situations, buyers are still opting for homes in tip-top shape so they don’t have to fix them up.
If you’re a buyer, there’s a better way. You can buy a cosmetically challenged home and make it your own, even if you’re not handy and don’t want to spend a lot of cash.
My husband and I own three properties. We have always purchased homes that are not pretty but are structurally sound at the near bottom of the market. Both of us work full time and neither of us is handy, which means we outsource the labor.
Our tenants for our single-family brick ranch home in Brighton recently left after eight and a half years, having rented the home since we purchased it after the market crash of 2008. That gave us an opportunity to fix up the home and get it ready for new tenants.
We decided it was time for the 1950s kitchen to go. We were able to put in a new galley kitchen for only $7,000, including new cabinetry, appliances and labor.
Other upgrades included new hardwood-like laminate flooring throughout the home, new fixtures, bathtub painting and fresh paint. The total cost of the entire 1,054-square-foot remodel that breathed new life into the home was less than $13,000.
Here are some of my tips on how you can buy your dream home in your dream neighborhood and fix it up to your liking on a budget.