Reply by ShaneA

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Posted on Home appraisals and additions/remodels values

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6909 posts in 2560 days

#1 posted 09-01-2011 02:14 AM

The realtor is looking out for you. Maybe even doing you a favor. Investing into what is generally considered a declining housing market may be tricky at best. You would no doubt improve the marketability of the home. You would no doubt get enjoyment out of it. However, improving the bottom line or returning a significant amount on your investment may or may not happen. The value of your home is in comparable sales as stated above. But moreover, the value would be defined as what someone will payfor it. If you were looking to buy a new home. Had a choice between two identical homes, except a more updated kichen or bath in one, would you be prepared to pay full retail, as a buyer for the updated one? Probably updated with choices you didnt or would not have made. It can be tough. At this point any dollar I invest in my home is a dollar out the window. All markets vary. That is where trusted realtors come in.

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