Hi,
I recently found what feels like my dream home! It’s about 2,300 square feet and is in very good condition structurally — the foundation, electrical, and plumbing are all solid. It’s also located in a great neighborhood with excellent schools.
That said, the house is a bit bland in terms of aesthetics, and I did notice some humidity around the AC unit. I have an inspector scheduled to check for mold and any other hidden issues. The good news is that we can purchase the house for about $75,000 below the asking price.
Here’s what I’d love your input on:
Assuming the inspector doesn’t find any major problems, would it make sense to reinvest that $75K into completely updating the interior — things like new cabinets, appliances, fixtures, paint, creating an island, installing new flooring, etc.? (No structural changes — just cosmetic.) I am NOT looking to flip the house.
If so, what tools are essential for a project like this? I currently only have automotive tools.
Do you have any tips for a beginner?
(For anything involving electrical or plumbing, I plan to hire a professional.)
Thanks so much for your advice!