Our Crazy Home Renovation Costs REVEALED 💸 Is Buying Still Smart in 2024?

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Our Crazy Home Renovation Costs REVEALED 💸 Is Buying Still Smart in 2024?

Рет қаралды 20,746

2 ай бұрын

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Are home renovation costs in 2024 completely out of control? 😱 We're revealing the shocking truth about how much we've spent on our house renovation and questioning if it's all worth it. 💸 Watch as we expose the real, jaw-dropping numbers and discuss whether buying and renovating is still better than renting in today's wild housing market. 🏠
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Пікірлер: 69

@David-ey7xx 2 ай бұрын

I lived in Manhattan for 10 years before moving to the suburbs and bought a home. Honestly, between cars, gas, parking, putting money back into the home, furniture, utilities, renovations, the cost is about the same. What do you get? More space, quitter area. What do you loose? Most jobs are in the city, opportunity cost and less walkability. The grass isn't always greener on the other side. No one really stays in their home for 10-20 years anymore. You will move again at some point, although that is hard to think about right now. People don't work the same jobs for 40 years anymore and stay in one location for their whole life. The people that can afford an apartment in the city and a home in the suburbs have the right ingredients.

@aprilsmith6587 2 ай бұрын

You can save money by decorating yourself and not hiring someone else to do it. I would want my home to feel like a reflection of me, not someone else. You can save a ton of money by thrifting the furniture and lamps and stuff. You can get less expensive sheets instead of paying $150 to $200 for them. You don't have much choice on the hard costs, unless you have a construction worker husband, but the soft costs can easily be taken care of for way less.

@clowchan 2 ай бұрын

Yeah that got me too. Her complaining about all these costs yet spending money on name brands and an interior decorator whose style screams boutique hotel

@jaketheauroran 2 ай бұрын

When I bought my house, I learned how to do things myself. For any serious KZbin viewer, you can learn how to do almost anything. Then with furnishings, "too expensive" is only a way of saying "I picked things that were too expensive"

@Dawbes. 2 ай бұрын

I didnt get a sense of ‘complaining’ from this video tbh, just a bit of transparency on costs of stuff. And of course, it’s very personal as she’s included decor / interior design costs which wouldn’t be the same for everyone.

@681Group 2 ай бұрын

HI Sarah, I am a realtor and have a couple of questions: 1. Did you have a buyer's agent to represent your best interests when purchasing your home? 2. Did you do have a building inspection, mold inspection, termite inspection, roof inspection, chimney inspection, and pool inspection? 3. Do you have public sewers? If so, did you scope the drains? 4. Are you on septic? Did you do a septic tank inspection? Yes, all the inspections are expensive, but money well spent. If not, you missed out on all your negotiation opportunities which would have knocked the price down tens-of-thousands of dollars. You certainly shouldn't have been blindsided, like you were. Most buyers don't have deep enough pockets to buy a brand-new roof and mold mitigation as soon as they move in. Plus, I am surprised you were able to get homeowner's insurance with a roof in that condition. I feel bad for you.

@RG-lg3mj 2 ай бұрын

Beautiful home! Things add up very quickly. But, it’s all worth it because between you and Louie you guys have a huge family and you won’t regret all the new memories you’re about to make there. Congratulations!🎉

@cindee1794 2 ай бұрын

It looks amazing! You can't really count your decor in the cost of fixing up the house, though. All of the furniture, linens, wall hangings, etc. do not contribute to the resale value of the house. I was figuring $30K for the roof before you mentioned the skylights, then bumped it up to $45K. So I think you actually did pretty good with $38K, especially when you consider it's a 50 year roof. I live in Florida and if your roof is more than 15 years old, you can't get homeowner's insurance. In the end, you will be better off with a house than continuing to rent. Mine is now paid off, so I will go into retirement with the entire value of the house in proceeds.

@TheChuckoluck 2 ай бұрын

First of all your house is more than three times larger than the average American home. Why do you need such a giant house for two adults and a baby. Secondly people don't usually try and fix up their entire house in the first 4 months they live there. They spread it out over years. What's the rush, are you planning on reselling it quickly or something. And thirdly the quality of the stuff you bought, a lot of it is not very good. For instance that round barrel like coffee table thing with a lid on it in the living room that cracked and you finally got your money back. The reason it cracked is that it's a piece of junk. I'm sure it was a lot of money because pieces of junk cost a lot of money now. I have an older home built in the late 1800s and I'm redecorating the whole thing with quality stuff that I find on Facebook Marketplace. It takes a while, but in the end it's so worth it. I have some unbelievable quality pieces of furniture that I bought for practically nothing because I have patience and I'll take a piece of quality furniture made 50 years ago any day over most of the crap you bought for your new house. I'm sorry to be so blunt, but that's what you get when you're in a hurry. You pay too much for low quality because for some reason you can't wait.

@trippyerinsd Ай бұрын

Those skylights are an immediate slay and I basically want my room like Bella’s. The couch such a find and Louie’s uncle made really beautiful tables. You did a lot for $78k and I look forward to Part 2. Your yard is amazing.

@leyleyrod8963 2 ай бұрын

Buying a home is an investment. It’s a home to pass down to your children. An asset that you will always be loved in your family and a treasure that will have countless memories in… it’s a good thing :)

@christinelucas 2 ай бұрын

Why complain? You have it all fixed and sorted and it's all fixed for the future! Looks lovely. You're burnt orange theme in the living room is the colour we have had in ours for 11 years. Enjoy your home and make memories :) xx

@Thomas-Chin10 2 ай бұрын

Buying definitely makes more sense than renting, although I am not sure if two parents and a child need a 6700 square-foot home. The next shocker would be when you see the property tax bill. The house reno looks great though.:)

@daniellebcraftingcorner Ай бұрын

Why so big was constantly running through my mind too. That is HUGE.

@renyauger4560 2 ай бұрын

You do understand I hope that what you’ve done has doubled your value already and prices always go out. You now own a tangible asset that will just keep increasing in value. Renting is burning money on a monthly basis with no return and no guarantee you don’t end up out on the street. The best thing we ever did was buy our first place (a fixer upper we sold for 3x what we paid in 5 years). We are on our third and final home. It was purchased pre-construction, just completed and it’s currently worth 2.5x what we paid (also it’s in Cabo, early retirement time thanks to real estate karma).

@CYoo-xt8jp 2 ай бұрын

The house looks great. I am surprised the appraiser/inspector didn't catch those things like the mold, roof and chimney issues. Going forward write all of your taxes. Then with the money you get back use that for the projects you need to take care of next. Then write that off your taxes. Do one expensive project every year using the money from your taxes (not your savings or paycheck) and write it off your taxes. Then reuse the money for some house repairs or updates the following year. You could also use some to pay down the debt you might have for the current renovations. After the pool and the basement area are done consider getting a heated driveway as it will help with the snow.

@Dawbes. 2 ай бұрын

The comments about how owning a house, the house will always increase in value. That may be true, because *everything* costs more over time, but it’s only actually worth what someone else can afford to pay for it. And the arse is gonna fall out of all that at some point because salary increases are not keeping up with inflation in any country that i know of.

@JoseFlores-kl6jm 2 ай бұрын

What a beautiful home Sarah I'm happy for you ! I enjoyed my vacation in NYC this Memorial Day weekend !

@darrenkwalsh 2 ай бұрын

I was trying to determine a DYI factor to adjust your total for those without your resources! lol I love how your place looks and the investments you are making will be something you will be able to enjoy right now. We just paid off our home and sorta feel that renting and ownership is a wash. (Our home has appreciated by 500%) What you have decided is to provide a better family lifestyle for your young (and growing!) family. Me thinks when the you are empty nesters that you’ll move back to the city. It will be the perfect move when the kids are young adults. In the meantime, both of you are providing a wonderful place for your kids to grow up. Lots of great memories will be made there. Way to go!

@LuisYanes88 2 ай бұрын

It's coming together! I wonder what the people who said "you could pay a mortgage with what you're paying for rent" think now 😂

@cmuther1 2 ай бұрын

WOW! As always a great video. You've been to my condo -- most everything was donated by friends when I first moved in as I has NOTHING! You've added so much value already and it looks gorgeous! You've done an amazing job. I'm so happy for you and fortunately both of you work mostly at home. ENJOY! Love and hugs!

@bchmrk 2 ай бұрын

So, you had all these costs before you could live in the place and make it your own. Now I want to know how much your monthly costs are. Insurance, property tax, HOA, heating, gas, water, etcetera. In your rental, many things were included in the rental price, but now that you own your own house, they are all additional.

@thehungrygoldfish Ай бұрын

$1 a year. Is that OK? 😂 And you’re still paying for utilities when you’re renting.

@clowchan 2 ай бұрын

Was there a building inspector at all for this place?

@jeffwinbush5039 2 ай бұрын

Think of a house as not only a home but the biggest investment most of us will ever make. You are investing in yourselves, building equity, and putting down roots. We just had our front porch painted and it cost $3K. I had no idea, but we're at an age now where we are hopefully putting the finishing strokes on the house so we can sell it in a few years. That is when we will learn what it is like to live in an apartment again.

@danielp.52 2 ай бұрын

Since you moved somewhere in the country, are you still running your NYC touring company?

@brian.2023 2 ай бұрын

The work on the house is beautifully done. We live in Australia, and I did owner builder on our 2 story Colonial house on acerage. What you have to realise is that you now have an asset that only increases in value. Rent money is dead money.

@annan.3283 2 ай бұрын

I love the living room! Can you link the orange pillows? I remember you decorated the living shelves quickly for a housewarming, did you keep everything? You have to invite the old homeowners to see the house.

@FatRace 2 ай бұрын

You might outlive your roof. People are living longer these days. I knew you had to replace the roof. It’s a small cost that you won’t have to worry about for 50 years. The swimming pool you talk much about the swimming pool. Put dirt in it, and Forget about it. Maybe put a tree in it. 😊 keep up the good work. All you need next is an elevator. Hello long Jeopardy, because when you get old stairs, aren’t fun.

@brasni1 2 ай бұрын

I think you got all this beautiful job done for a very good price. Congratulations !

@adventureswithcarl123 2 ай бұрын

Very beautiful home! You did great decorating and remodeling it! Have a wonderful day beautiful lady😘😘😘 xox

@lisamasotti965 2 ай бұрын

The house is coming along beautifully. Renting is dead money, at least you will get your money back on owning a home as prices of homes always increase. Pre purchase house inspection may have identified the mould and a need for a new roof. Gorgeous Sarah, love the styling! ❤

@debbradley5769 2 ай бұрын

Your home looks fabulous and whilst yes you have spent a lot I bet if you was to put it on the market now you would easily make it back with the bonus you’d get to take your lovely new furniture with you, as a home owner and someone who’s renovated a few times it’s definitely paying off now in my 40’s, you won’t regret it

@chrisjackowski591 2 ай бұрын

Hmmmm, just wondering how much your electricity bills lately. Perhaps it doesn't cost much if your home was installed with energy efficiency. In a different note, any plans to build an outdoor area for bbq, or better yet, a pickleball court, lol.

@sonamdeki2196 2 ай бұрын

Beautiful home!!! Thanks for sharing your tips

@IvySilvias28 2 ай бұрын

Good job Sarah and Louie😊 terracotta is my favorite color..the house now is so lovely look so fresh 😊

@cfloresv25 2 ай бұрын

Terracotta is not very happening for me 😢its too terracotta everywhere😒walls, pillows, bedding 😢on the other hand the green painting is EVERYTHING🥰🥰🥰🥰🥰🥰

@justSTUMBLEDupon 2 ай бұрын

I love it! Not the sheets though. I probably would have gone with a dark brown. Love that wall paint. Really gives me idea.

@Allen-by6ci 2 ай бұрын

You did great Sarah

@MarcBenkert001 2 ай бұрын

shouldnt your inspector have called out those deficiencies? You may have recourse

@mzambrano8453 2 ай бұрын

Lovely place…what I am worried about is who is cleaning the dust.😂

@monaistefanos8240 2 ай бұрын

Was wondering about it too 😅 And have the same question for all home owners 😁 For me all I need and can keep tidey and clean is 2 or even 3 bedroom apartment more than enough 😊

@nabilameziani224 2 ай бұрын

Can you link the curtain company 😊

@lewthrasher5865 2 ай бұрын

This feature of painting is a way to help hide some minor imperfections

@friedhelmrosner8216 2 ай бұрын

Samsung sam virtual assistant ghost would say there is a picture missing on your wall "The Plaza - New York" the original painting by Michael Birawer

@clowchan 2 ай бұрын

Anyone else think that Bella's room should be more colourful. It looks like a hospital room 😬

@monaistefanos8240 2 ай бұрын

I don't get what's so cute about the wallpaper chosen I even thought that the bright blue color was not worse than it 😂 But after all it's matter of taste and they seem to love it 😅❤ So congratulations 🎉

@robfo6136 2 ай бұрын

Your house looks very put together and tidy and it's so big. Room for future babies?

@TennisComplete 2 ай бұрын

Louie painting shirtless 😂😂😂

@osimeon00 2 ай бұрын

Ouch. I feel for you two as this is alot of $. There are clearly benefits to home ownership and renting. But for me, I would have stayed in/near the city. Moving to Jersey City would have saved alot more money for a bigger space you could just rent.

@mjchaelsoury8639 2 ай бұрын

I love your videos when you’re going upload more

@emmanuelnyechinweyejnr.7051 2 ай бұрын

well well well, atleast u said it was cheaper than New York!

@georgeamedeejr 2 ай бұрын

Fabulous 👍🏾👍🏾👍🏾

@bobbyr8071 13 күн бұрын

Guys some people buy 800k watches or more 😂😂

@bthermidorl 2 ай бұрын

lol that is a lot of money, but not the worst. Pending on what the house actually cost.

@juliebuchanan812 2 ай бұрын

I hope you got a deal on that house... Otherwise, yikes. Also, I wouldn't count decor and design toward expenses of the house. We are home owners, and we get it, upgrading and fixing sucks, but, its worth it in the end.

@gingin1050 2 ай бұрын

Is it Staten Island?

@robertsjolin8148 2 ай бұрын

Even if it costs a lot like this in the beginning, you have to think about how it will be in the end and that you will get a better quality of life and a nice life, I would shoot myself than go back to renting to not "get" anything for the money.

@justSTUMBLEDupon 2 ай бұрын

This is obviously too late, but if you end up looking for another fixer upper home, Meet Kevin knows how. Graham Stephan too. They both are KZbinrs as well.