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Updated over 3 years ago,
Finding a Seattle Primary Residence Advice
Hey All - I have a few rental properties out in Boise where things were pretty easy going, but just moved to Seattle and am looking for our first primary residence. We've got a healthy budget, but get scared away from even small reno or remodel requirements because everyone is telling us that contractors are booked out 6-12 months and that costs have soared. It's hard for us to evaluate a potential home if we don't know if we can do some layout changes, additions, or even a simple garage build in the next few months for a predictable cost.
I know a bunch of you have either done some recent remodels or can myth-bust a bit here, but would love some advice.
One key question we are trying to answer: Would it be better to buy an already "finished" place or to invest a bit less after-repair value to get a finished place to our liking? It is unclear whether that is even possible (e.g. buy for $1.1m + $200k to get equivalent of $1.5m outright) or whether there is any return on remodels we hire out ourselves.
Thanks!