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Home Improvement, Design, and Decorating
Reply to "would you spend 200k upgrade on a 630k house?"
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[quote=Anonymous]Looking at your home as an investment is generally a bad strategy. That said, you obviously do not want to throw money away either. A reasonable expectation for a return on investment for the types of home renovations you mention would be 80-90% if you pay someone to do the work. In other words, you would be spending 200k to add 160-180k in value. From an investment vantage, you are throwing 20-40k away. Of course if it is renovate or move, you need to factor in closing and moving costs, as well as anything else associated with a new home. If you want to keep falling down the rabbit whole, then you need to factor in the costs associated with living through a renovation and/or potentially moving neighborhoods.[/quote]
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