Monday, June 16, 2008

How I Added $20,000 to My Home in 3 Days - Part 2

Here are the Details:

Time Spent:
In total there were 3 of us working on the house from 8AM until Midnight Friday, Saturday and Sunday.

Improvements Made:

Hallway
* Removed dated wallpaper and chair rail - Free
* Re-Mudded sections of the wall after the paper was removed - $5
* Primed and painted walls- See Paint costs
* Primed and painted 3 doors in the hall

Half Bathroom
* Replaced cabinet - $50(we bought this used new it would be around $300)
* Replaced Sink and Faucet - $300
* Replaced toilet paper and towel holders - $50
* Bought new towels - $20 (and we take them with us)

Dining Room
* Removed dated crown mouldings - Free
* Primed and painted - See Paint costs

Kitchen
* Removed dated wallpaper - Free
* Re-Mudded sections of the wall after the paper was removed - $2
* Removed dated oak cabinet doors and primed and painted them with cabinet paint - $80
* Replace old hardware on the cabinets - $50
* Replaced counter tops - $250 (bought precut sections from Home Depot)
* Replaced sink - $150
* Replaced faucet - $100
* Replaced hood above the stove - $60
* Put up a stylish border around the kitchen - $30
* Bought new curtains - $30
* Primed and Painted - See Paint costs

Living Room
* Primed and Painted - - See Paint costs

Bedrooms
* Primed and Painted - See Paint costs

Full Bathroom
* Removed old floor and tilled - $50
* Painted the shower grout with grout paint - $15
* Bought new towels - $40 (and we take them with us)
* Removed old wall paper - Free
* Re-mudded one whole wall - $5
* Primed and Painted - See Paint costs
* Replaced toilet paper and towel holders - $50
* Re-cocked the shower and bathroom cabinet - $10

Back Deck
* Cleaned and re-stained - $20

Front Deck
* Cleaned and painted - $10

Back & Front Yard
* Raked - Free
* Grass cut - Free
* Planted flowers (annuals). Some perennials were already there. - $30

Garage
* Cleaned - Free
* Primed and painted the door - - See Paint costs

Everywhere
* Thoroughly cleaned everything (there wasn't a single surface that wasn't cleaned)
* Repainted all trim and doors - See Paint costs
* De-cluttered the house. We removed almost all of our possessions from the house prior to listing. We only left enough items to stage the house.

Miscellaneous Decorations
We probably spent around $200 on decorations (however we get to take them all when we move).

Paint Costs
I'm estimating that we spent around $200 on paint and painting supplies.

So in total we spent around $1800 (I'll round up to $2000 in case I forgot something). So basically over the course of 3 very long days we were able to turn $2000 into $20,000. Not bad for 3 days work.

24 comments:

Anonymous said...

impressive! lots of work for 3 days though.

Alisa said...

Wow!

It is amazing what a little "sweat equity" can do to the value of a property.

bathroom said...

Cabinets and countertops offer the much-needed storage space in the bathroom to store your toiletries, keep medicines and first-aid box, cleaning milk, moisturizer and deodorants, towels and napkins besides other things that you use daily while showering in your bath. They are powerful accents to your bath d├ęcor and help you to define the tone and style of the bathroom wall cabinets and make the best use of the wall and floor surface of the area. http://bathroom-wall-cabinets.blogspot.com .

Lamont said...

Your gain in value is quite impressive for approximately two thousand dollars. However, I believe you need to add the value of the "sweat equity" needed to do the job.

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