Quote:
Originally Posted by katezbox
Not an expert on property taxes and such, but I have read comments similar to yours and have wondered....Isn't the mill rate here about 14.5... so that would be an additional $14.50 in tax for each $1000 of value (I think). So, if your savings in buying cheap and then swapping out was about $5000, you would spend less than $75 per year in taxes ... and you might not recover the cost of swapping out the "cheap" stuff... If my premise is right (and I know someone will let me know one way or the other), then definitely not worth the inconvenience...
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K: I recently read in TOTV that someone saved about $2700 by upgrading their kitchen upgrades after the sale. Who knows how much one would save by buying the fixtures and faucets after the sale. Therefore, I believe your $5000 number is solid enough for discussion purposes.
Staying squarely in the parameters of your premise...in addition to the tax savings of $75 per year, one would add the $5000 savings and any $$ gained from the subsequent sale of the initially purchased base items, or the value of the tax deduction if such items were donated.
Unless one can confidently perform electric and plumbing work, however, the additional labor installation costs will reduce the above savings.
For our particular situation- knowing full well that Wifey and I not only tend to do or go w/out but also talk ourselves out of buying "fancy things"...meaning that we probably would not ever buy all of the planned upgrades- convenience (and a guilty twinge of doing something special for ourselves) triumphed over cash saved.
PS:
I realize that in my original post that I should have stated that
some agents might not tell buyers about the above.
I try to avoid being as rude as my post read.
I apologize to all of the agents whom I unintentionally but never the less disrepected.