2 ms·
What people think isn't the same as reality. Yes, I've noticed lots of deluded Americans think a new kitchen or bathroom is an "investment", but it's really no
by midoridensha 4y ago
What people think isn't the same as reality. Yes, I've noticed lots of deluded Americans think a new kitchen or bathroom is an "investment", but it's really not: they never get remotely as much money as they paid when they sell the home.
- kbenson 4y agoThat depends quite a bit on the area and on what is being remodeled and the current state of the market. Near me, $10k-$20k of landscaping can go a long way in affecting the listing and eventual sale price.
- soupfordummies 4y agoThe daily use of the upgraded kitchen and bathroom is value too, not just the resale.
- midoridensha 4y agoSure, but that's not how they rationalize it to themselves. They really believe they're going to get every dollar back in resale value, and then some. With ever-increasing house prices until recently, it seemed to be true to them.