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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.