Should you buy a fixer upper [infographic]

Home prices may be down to where they were in 2002 and interest rates at their lowest in 2011, at an average 4.39% for a 30-year fixed mortgage. But for many who make the jump into home ownership for the first time, properties in triple-mint condition with pruned yards and top-of-the-line appliances are still too pricey.

So many first-time home buyers look to so-called fixer-uppers. A home that costs less than one in move-in condition and would require extensive renovations or repair to become livable. While shaving thousands of dollars off the cost of a property sounds appealing, though, a fixer-upper isn’t for just anybody. Many buyers underestimate the amount of time, money and labor that need to be put into transforming it into something fit for an HGTV dream home showcase.

There are many factors that go into determining whether or not a fixer-upper is right for you — and while the flowchart below may seem like a lighthearted way of tackling this serious question, it’s a good way to get started thinking about this important decision. Read on for the details.

FixerUpper

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How to Upgrade Your Home on a Budget

By: JILL CONNORS, This Old House magazine

Exterior view of this remodeled bungalow

Photo:  Mark Lohman

    Beautiful Bungalow

    It takes a certain eye to see a smart little cottage where others see a stucco teardown. But Steve and Shauna Mullins had exactly that vision when they first saw this 875-square-foot bungalow in Hermosa Beach, California.

    “It was in a great location, less than a mile from the beach, and the basic layout was good—it hadn’t been screwed up,” Steve says. Still, the exterior of the 1941 house was showing its age, and its small rooms needed an update. Collaborating with architectural designer Rosa Velazquez on the front of the house, doing much of the work themselves, and enlisting a general contractor for the bigger projects, the couple lavished the tiny two-bedroom with a proud new facade and freshened the interior throughout.

    For nearly all their redo needs, they jumped in the car and hit nearby home centers, scouring the aisles for well-priced shutters, fencing, cabinets, crown molding, paint, and more. Keep reading for the redo rules they followed—what worked for them can work for you, too.

    Read the rest here.

    Top 10 Budget Kitchen and Bath Remodels

    By: THE EDITORS OF THIS OLD HOUSE, This Old House online

    after photo of the under a thousand dollar kitchen remodel

    Photo:  Deborah Whitlaw Llewellyn

    Paint Cabinets Instead of Replacing Them

    With kitchens, simple does not necessarily equal streamlined. For these homeowners the kitchen that came with their Atlanta condo fell short on both frills and function. It was a sad space, that included builder-grade cabinets and white laminate counters. Opening the dishwasher blocked the oven door and vice versa.
    They used a little DIY-know-how and removed, repainted, and reinstalled the cabinets. They also purchased a wet saw and cut the glass tiles for their backsplash themselves.
    Take a look at The $967 Kitchen Remodel to pick up a few money-saving pointers and design ideas.

    Read the rest here.

    Spare Bedroom Becomes Spacious Bath

    remodeled cottage bathSometimes starting from scratch is the only way to go. When Brennan and Stephanie White first saw their 1820 Cape Cod cottage, they were taken aback by its only bath, a very narrow former pantry on the first floor. An avid DIYer with plans to reorganize the layout of the whole house for better flow, Brennan decided to turn the bath into a hallway and carve a master bath out of a spare bedroom in the home’s slanted-roof addition, which dates to the 1940s.

    Cool-blue walls, sand-colored marble floor tile, and white beadboard wainscoting give the new room a relaxing feel. “The bath is our safe place from all the dust,” Stephanie says of ongoing work at the house. That payoff clearly inspired them—they’ve already added a half bath upstairs for guests.

    Read the rest of the article on thisoldhouse.com

    Interior design trend: vintage eco-friendly pieces

    vintage interior design Interior design trend spotting: vintage eco friendly pieces

    Photo courtesy of Jane Hall Design.

    Stunning vintage pieces

    We recently profiled Jane Hall, the “Voice of Style” for her innovative use of the color black in her interior designs. We were so inspired with her design and noticed she leaned toward putting amazing vintage pieces and antiques with modern decor with stunning results.

    Hall said, “I love the concept of homeowners using vintage furniture for a number of reasons. Its green design and quite frankly built to last. With 95% of the furniture on the market today being made in China from press board and staples, in unregulated factories, this was not built to last. I call it throw away furniture. Its also cheaper to make it in 6 shades of gray and beige, chocolate brown and black and it cheaper to make things square than it is to make them round.”

    Vintage doesn’t just happen, it takes planning

    We understand from Hall that vintage is not exactly cut and dry and that a great deal of thought must be put into its execution (hence why she is in such high demand, we presume).

    “There are many decorating styles that lend themselves to vintage furniture. I would recommend readers to do some research about what era they are trying to achieve before going out and throwing anything into the back of their car. As in all design projects, I always start off with a plan with my clients, so you don’t buy items that don,t contribute to your overall plan, just because they are are a deal or they are on sale.These are a couple of examples.”

    Vintage styles

    Hall outlined two primary ways to incorporate vintage style into a home.

    Shabby Chic: Country pieces from can be painted white and distressed and look great with white linens on the bed, crystal chandeliers pale grayed off pastels on the walls Iron bed frames painted white, oversize couches in a cotton canvas cloth. Sisal rugs, on light stained hardwood floors keep the look light and casual.

    Mid Century Modern: This a huge trend in the vintage market, with the the last 15 year craze being about modern design. Done properly with authenticity Mid Century Modern can be a great look. What people tend to forget, is that during the 50′s and 60′s color was used. As it was the post war years , they were doing a lot of experimenting with new materials in flooring, new fabrics, plastics and colour was a part of that experimenting. If you have seen Madman it’s fabulous early 60′s design.

    Hall says that when flea market shopping, she looks out for shape first and foremost and ignores fabric, color or wood condition. “All that can be changed. Painted, reupholstered in contemporary or new fabrics or wood pieces painted, you can have pieces that are totally unique and are eco friendly.”

    More Jane Hall Design designs:

    If you’re enthusiastic about vintage design, check out the shots Hall sent us a variety of her pieces:

    vintage design 1 Interior design trend spotting: vintage eco friendly pieces
    IMG 7814 Interior design trend spotting: vintage eco friendly pieces
    IMG 7600 Interior design trend spotting: vintage eco friendly pieces
    IMG 4972 Interior design trend spotting: vintage eco friendly pieces
    IMG 5173 Interior design trend spotting: vintage eco friendly pieces

    Best New Kitchen and Bath Products 2011

    00-kitchen-bathTOH editors scoured the market for upgrades that make life easier, better, or just more fun, from a fits-anywhere fireplace to a sleekly coiled pot-washer faucet to a seductive soaking tub.

    With home centers expanding their lines and prestige brands striving to offer value, high style at a low price is more available than ever.

    Read the rest of the article here at thisoldhouse.com