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Reply to "Is it worth paying extra 75k when buying a home which has upgrades worth more than 100k?"
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[quote=bummer77]So we really like this single family home (priced at 850k) and the seller (living in it for over a decade) has done an amazing job of upgrades (may be some are more than necessary). The upgrades, inside and out, are definitely worth more than 100K. The selling price set is above 75k for similar homes in general vicinity. It's on a cul de sac but the deck/backyard overlooks a road which is medium-busy with a speed limit of 35 miles. But it's all fenced in. The houses in the area have appreciated about 4-5% over the last several years. The question is, is it worth giving that extra 75k for 100k worth of upgrades- given that we pretty much like everything else about the home? Does it affect the appreciation in future, given you're paying more right now? Any thoughts or ideas are appreciated! Thanks! [/quote]
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