NEW YORK — The odds of a young dad taking on a new furnishings-only home are slim, but it may be time to consider one if the cost of a new home is high.
While the odds of new furniture-only homes in the U.S. are pretty slim, new research suggests it may not be too late to consider a new addition to your home if the price is right.
In a study conducted by research firm Cushman & Casey, researchers found that a new kitchen could be considered as a low-cost, low-impact addition to a home that already contains furnishings.
According to the study, the typical cost of purchasing new furnishments in the United States is between $1,200 and $3,800, which equates to about $6,800 to $9,400 per item.
While the price may seem steep at first glance, a study by Cushmans and Casey found that most of these items are relatively easy to maintain.
The research showed that a typical new kitchen can be maintained for about three years, and a typical kitchen renovation could take between six to nine years to complete.
However, the study noted that many home remodeling projects will require a significant investment in materials and labor.
So, if the costs of a home remodel exceed the costs to furnish a home with new furnishations, and you still want to make the decision to purchase a new house, consider that the average cost of furnishing a home is about $3.5 million to $4.5,000 per home.
The research by Cushing &.
Casey also found that many of the furnishings are not necessarily considered luxury items.
The most expensive items on the list are kitchen appliances, such as dishwashers, microwave ovens, refrigerators and washing machines, but the cheapest items are decorative or decorative items like the fireplace mantel, or decorative ornaments such as the flower bed.