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[quote=Anonymous][quote=Anonymous]Well, gee - it was purchased for $87,000. Probably would have sold without any trouble for $800,000. With $150,000 of work he's now listed it for $1.4M. Gets an 'additional' profit of $500,000 minus the cosmetic work of construction. I'd rather walk away with $1.3M in equity instead of $700K too. [/quote] Two years ago a few doors down a fairly original home sold $980k. I say he could have got 1.1 as is in Spring 2021 peak. I tried to get quotes in last year in work and prices are insane. You don’t get much for $150k in a home Reno. This guy did a kitchen and all the bathrooms plus painting and floor sanding. Appliances alone in 2021 are way up in price. Plus headache. But I guess even if spent 200k and gets 300k more that is a decent return If someone is relocating from out of state and has some relocation money might pay it just to avoid the headache of waiting on new construction or renovating a house. Turn key in Potomac in older homes in rare as folks run them to ground a lot [/quote]
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