"The day you buy the home and the day you sell the home." For the record, I've heard that said about boat ownership, too. My wife's 99 year old home in Massachusetts that we sold two weeks ago required a lot of work to get it ready for sale. I posted about painting the garage, but a house that old just is a money pit. There was always some project the needed attention.
When we started searching in the New York City metropolitan area for a home we had to deal with two types of sticker shock. First was home prices, where a comparable home in Massachusetts would be hundreds of thousands of dollars less. The second type of sticker shock was real estate taxes. We had to eliminate New Jersey and Long Island from the mix because taxes are out of sight. In fact when a bemoaned this to a colleague, she told that the taxes on her condo in Nassau county were $17,000. This was a 400% increase over Massachusetts.
As we looked north of New York, we had to rule out Westchester, Putnam, Rockland, Orange and Dutchess counties of the equation . I was looking at a 2 hour commute and that was too much. Home prices in Westchester? Let's just say a one bedroom condo in Westchester cost what we paid for a three bedroom hom in Connecticut.
Finally we found a community in Connecticut that was about 60 miles outside of the city, but an affordable home price (e.g. size for the cost) and tolerable taxes (only twice as much as Massachusetts) were in reach. The commute is about an hour and fifteen minutes if I can grab the express train.
We bought our new home from an estate. The house was built in 1972, and walking into it was like stepping into a time machine. Wall to wall carpeting everywhere, include the downstairs half bath and the kitchen. We've had three contractors come to the house and all have made the same statement about the carpet in the kitchen, "I've been to a lot of homes and you don't see this very often." Like never.
The appliances are all original. If you like avocado green, you love the cooktop, the wall ovens and the sink. Fortunately, the co-executors of the estate removed the copper and orange foil wallpaper that complimented the peach rug in the kitchen.
I was thinking that if we weren't going to live there, we could lease it to the production company that created Mad Men.
Upstairs we removed wall paper from a bedroom (purple tulips), hallway (white calla lilies on a purple background) and guest bathroom (gold foil pattern on a white background).
So while my wife started painting 21st century colors on the walls, I updated the mercury thermostats with electronic programmables ones, and installed the GFCI outlets throughout the house, we are slowly bringing this home into the present, and ending its past.
We will pulling up the white carpeting; oh I forgot to mention that the owner of this home lived alone well into her 80s and never had pets nor kids nor husband. She would be about the only sane person who would qualify to install white wall to wall carpets in a home. For a pet owner or parent, white carpets are an exercise in futility, as well as a diminshed mental capacity.
Slowly we're turning this home into our own, and we're still happy about our decision. We took "before" pictures, because no one would believe it.


Salon.com
Comments
"Like never." Ha!
AshKW -- The carpets all of them will be removed soon. There's hardwood under all the floors except the kitchen which just has sub flooring.
ATH -- We've seen worse. It's a structurally sound home.
Deborah -- Evidently (yeah right) this was the "in" thing in home decor in the 1970s.
Silkstone -- I don't how anyone can afford to buy a home in the bay area. Inventory in the north east is either very low end, or very poorly built (1985- present), or very expensive (for us) over $600k. Then if you want land or a garage...Commutable to NYC is big factor. The prices go up the closer you get to the NY state border.
we did the same..bought a house that was firmly entrenched in 1975 or so and have slowly tried to update damn nearly everything. we had the original windows from 1945....glass rattling in the panes and all. the front door didn't have a lock. it was a completely shot mortise that no one wanted to deal with, so they padlocked it.
::rolling eyes:: oh the joy of homeownership.
we too are looking forward to selling and finding our forever home.
Here's something that I did recently that might help you with getting a good deal locally on replacement apppliances. After you do your research, go to a local company and ask them if they can meet the price you found online. Bring a printout to prove your price. Our local company here did it for us and it saved us waiting a long time for delivery and $600 on our new GE Cafe Dual Fuel Range. It literally meant I could get the one I wanted rather than figure out what I could put up with.
Changing the thermostats like you are doing caused a change in our level payment rate for gas in our house from $113 per month to $87! And ours were from the mid 1990's and not as old as yours. $26 is about how much we spend on getting breakfast out on Saturday morning. So I see it as $300 we have for more fun. I hope you get loads more fun out of your new home, though I am thinking you may see some of that groovy wallpaper later in your dreams.
I bought my home from my parents. I wasn't allowed to say anything;)
The place we were going to buy, until the lady backed out the day of setting the closing date (bitch!), had wall to wall PINK carpeting. Pick everything - kitchen cabinets, wall paper in every room. She even took a beautiful claw-foot tub and painted the bottom half pink. Talk about what we'll put up with for location. Can't wait to see before and afters.
NDM -- I will post them. I want the after photos too.
Susanne -- We had to sand the wallpaper to make it water permeable to peel off and there was enough paste on the walls to attach North America to South America. Nice suggestion on the lowest price guarantee. Will give that a shot.
Con -- I couldn't believe it when we first start looking at listings. Since all the kids were grown, we only searched in communities that had awful school districts.
Gwendolyn -- Like they say it has potential.
Janie -- I will post after we do a little work.
Lorraine -- hahahaha...did you have to sign a gag order?
Smithery -- A flooring guy came by to measure the kitchen and commented when he saw the carpet, "maybe she ate out a lot."
o/e -- excellent points. Thanks
John -- What the %#&* does that mean?
Julie -- You aren't the only one. What's with all the pink? Was she a member of the Mary Kay cult?
And yes, looking forward to pictures!