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C2P as P2L Cost to Profit as Profit to Loss. Let's look at the reality of the situation people sell for two basic reasons to move locations or they have to sell for financial reason. The later having little ability to improve much as the market has probably turned them upside down on their house. And those that have the ability and fluidity to pay for improvements to sell must remember one basic rule, "NOT EVERYONE LIKES WHAT YOU LIKE" Take a reality check these articles and improvement recommendations are a travesty of gross proportion. Have your house clean, put excess clutter into storage hire a groundskeeper and bring in some fresh new plants and grass. Paint you're front door and clean your carpets put in fabreeze plug ins through out the house wash the windows. No one wants to buy your trash and clutter. Add 5% to the asking price of the house and then offer new carpet credit, or a granite countertop upgrade credit which would allow upgrades that they would want (NOT YOU) then the asking price keep in mind you must be market reasonable. You would have great appeal and seemingly a lot of available space in the house the cost to profit for you is minimal and you are able to repackage your house as roomy, neat, clean, fresh, and manicured. You make the choice 100's vs. 10,000's? Hope it helps a bit!
What's the point of putting ANY money into a house that you are going to sell if you aren't going to recoup MORE than you spent? The math doesn't work out.
Why spend $50,000 to increase the sale price $35,000? You'd make more profit by not doing anything and selling it as is.
I don't consider anything an ivnestment if it doesn't pay more than I put in.
Hey? According to HGTV remodels, their programs typically show more than 100% return on investment. What's up??
The appraisal system is a joke. The only time any house is comparable with another is at first sale and in a tract home subdivision. After that individuals begin the process of customizing to their level of desire OR, they begin to let the property decline without needed maintenance.
Every property should be evaluated on its own merits. That would require better trained appraisers and realtors. More work from them to earn their questionable fees. More responsibility for homeowners to document both maintenance (keeping the status quo) and the owner installed upgrades that truly add value.
Does percent return include contractor cost? Some of these can definitely be DIY projects, I know time is money and construction equipment is a cost whether contracted or not, but the percent yield would be much greater if you remove the contractor from the equation.