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Real Estate
Reply to "Please answer my dumb questions about Zillow/Redfin estimates"
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[quote=Anonymous]Renovations inside the home are never worth what owners think they're worth. Do not make the mistake of overestimating the value of your home reno. I live in an expensive neighborhood and I have an old, small house. The extensive renovations we did when we bought the home were just for our own happiness. We knew that going into them, and decorated exactly how we liked, without regard to anyone else :-) The house will be torn down by the next owners, because the land is what's expensive here. Wealthy buyers want to maximize their space and won't blink at the expense of bulldozing and rebuilding. Our tiny lot of 0.17 acres is worth more than a million. The house is negligible. So know your location, OP. [/quote]
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