Jenn and I purchased a thirty-year-old home in February.
This is not like a new home. This house has neat features like creaks, leaks, painted over wallpaper, rotten decks, aged/dated appliances. It also lacks the wonderful feature of "maintenance-free lifestyle".
It has been VERY interesting doing the home updates/upgrades/repairs thing. However, the to-do list is over 5,130 items long.
We have decided to spend some money to upgrade something on the house soon. I have heard that updating the kitchen and the master bathroom is the smartest thing to do because it is what really helps resale value.
So, Jenn and I are debating which of these two projects to do next.
1) Update the kitchen (complete tear-out, new flooring, cabinets, appliances, and restructure walls)
2) Update the master bathroom (complete tear-out, new flooring, cabinets, tub, toilet, vanities, and restructure walls)
I would love to hear of other's experiences with this! How much did you spend? Did it help resale value? What lessons did you learn?
I am PUMPED UP to be in Dayton, Ohio this coming SATURDAY to teach the Financial Learning Experience!!! If you are anywhere near the Dayton area, I would love to meet you there! You can sign up for the event HERE.