Sunday, September 27, 2009

Finding potential in an outdated apartment

It's no surprise that it's currently a buyer's market and there are a slew of apartments to choose from. It's easy to be lured by all the new and renovated homes that have little to no fixing required. And although it really depends on the type of personality you may have, the "work" involved in fixing outdated homes can hinder someone from realizing the amazing potential it has. Take an example of two apartments for sale:

A. luxury 750 sq ft. 1 bedroom apt with fully renovated kitchen/bath/closet - $700K

B. older apt with outdated kitchen/bath appliances. 650 sq ft. 1 bedroom - $600K

Clearly you're paying for the square footage as well as the granite top counters, kohl bathroom sink and fixtures. But if you have a little creativity in you and can see the bigger picture, these projects can be done on your own for less than the amount you may spend on an already decorated home.

Sure, it's easy to opt for the convenient and hassle free apartment, but even if you see a home that needs some work, you have all the freedom to really create the dream room whether it's your bedroom, livingroom, kitchen, etc. You have the power to add your own personality through colors and design. If you're not too keen on renovating and remodeling, designers are always a good way to get expert advice. And in the current market, there's bound to be great deals on home decorating projects offered by companies.

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