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If you can afford $700,000 on a house, you can afford another $900 for new countertops.
Granite countertops aren't going to be $900. $9,000 maybe. Then, add in a tile backsplash, and add in a stainless french door fridge, double-oven, cooktop, dishwasher, new sink and faucets, and upscale cabinetry and new matching lights, and you're talking $20,000 to $30,000 or more.
And, that was part of my point - the realtor was arguing the geothermal heat system made Home B worth more. However, Home A had an updated kitchen, which basically cancels out the geothermal heating cost if the buyer of Home A wanted to convert.
Is it that A is underpriced? Where would comps put A?
There has to be some very local psychology about prestige and lot size would be my guess. Or the 700k one is subdividable? Farm/pony zoning and lot size?
Sorry but granite is horrible countertop material. Granite is great to have if your selling a house, because people think they want it. Its kinda like a Range Rover. Looks nice, only rich people can buy em, but a horrible vehicle.
I personally hate it and wouldn't want to live with it.
I put Granite in my rentals for $900 a unit... simple galley kitchens.
Best return on investment ever...
At home I still have 1956 Formica... works for me.
Value is in the eyes of the beholder... know a person that paid over top dollar for a home because he wanted it... it shared a driveway with his very nice home and acreage... for being the high bidder, he now controls it and his oldest daughter and her family live there.
So many issues come to mind... zoning, HOA, proximity to flight paths, railways... heck, even a sewage treatment plant...
Last edited by Ultrarunner; 06-10-2014 at 07:34 PM..
Sorry but granite is horrible countertop material. Granite is great to have if your selling a house, because people think they want it. Its kinda like a Range Rover. Looks nice, only rich people can buy em, but a horrible vehicle.
I personally hate it and wouldn't want to live with it.
Naw. I once had it. We broke so many glasses and chipped plates on that countertop, I'll never have it again. Glass tips over? Its shattered. Set plate down wrong? Chipped. Always cold. Its just not as livable as softer counter materials.
Granite countertops aren't going to be $900. $9,000 maybe. Then, add in a tile backsplash, and add in a stainless french door fridge, double-oven, cooktop, dishwasher, new sink and faucets, and upscale cabinetry and new matching lights, and you're talking $20,000 to $30,000 or more.
If you want a fancy custom kitchen, you're going to have to pay for it. Don't expect someone else to.
If you want a fancy custom kitchen, you're going to have to pay for it. Don't expect someone else to.
LOL. Yep. The sellers and many other people would be perfectly happy with the kitchen. If your unhappy with it and want a new $20k kitchen, that is your choice. You buying a used house, it comes with used stuff.
House B may be trying to recoup on the geo thermal heat. I know two people ,one in Madison & one in North Branford,who have put in geo thermal in the past few years. Each cost in the $ 80,000 range. Then there is the doctor ,who built a 6,000 square foot house in Guilford, plus a fully finished basement, all with geo thermal. He needed four geo thermal wells for that huge system -total cost to install was over
$ 120,000.
House A sure seems like the better deal. House B, IMO, makes no sense considering location & condition.
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