Tuesday, October 17, 2006

New Wheels vs. New Appliances

We have been making improvements to the townhouse trying to keep the eye to the "flip" mentality in a couple of years when the real estate market comes back (and it will). Honestly, neither of us thinks that we are going to score the type of money that we have made in the past three transactions but, not losing any and making a fast sale is a key thing.

How do you set your townhouse apart from others in the community? (Back to that word community) You make improvements to the kitchens, bathrooms, fixtures, and in the case of a townhouse storage. We have been making changes. Ripping out stuff that is less than five years old and putting in more social accepted and desired stuff. (The dining room fixture was formerly a shiny brass chandlier that was $40 at the Depot). Next on the hit parade, we are tackling the kitchen. The thought is to put in granite and stainless. We already have upgraded cabinets from others, tile floor, and new lighting fixtures (well they are still in the box as of this posting). Branny found a great deal on the web. This is an awesome deal for appliances!


His internal conflict is that it is going to be about the same cost as the new Cannondale bike he wants. For most people, spending close to 4K on a bicycle is stupid. Cough, choke and sputter. However, he puts thousands of miles on his bike a year. I think he actually rode more miles that I drove in the past six months. His LiteSpeed is now 6 years old. We haven't kept a car that long. (or a house but that is fully covered in other entries and rants) .

The argument most women would make is that appliances are used daily. So is the bike. Furthermore, appliances can lead to weigh gain and biking the reverse. In the end of the day, it is a question of ROI. I think the appliances may win. Stay tuned for a photo finish! (Voting is acceptable, but as with National Presidential elections, the electorial college has the final say)