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Originally Posted by Packer Fan
Second, the value of the upgrades. The value of the upgrades is in the eye of the beholder. If the place is decorated like I like it, it has value. A lot of the homes I see online are NOT and I see a big bill to redo stuff. Also, not everyone LIKES granite countertops and hardwood floors.
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Agree with these points. Pre-owned homes can carry a lot of value to a buyer, but only if the upgrades are to their tastes. Otherwise, it feels like you are buying something and then will just throw it away and pay even more for what you do want. We didn't really care about granite, specifically, but wanted solid surface - wound up with quartz. Many do like the hardwood floors, we specifically did not want hardwood or carpet (except in bedrooms), so we have tile. We looked into several pre-owned homes that were beautiful homes in great locations. They were priced well for the upgrades they had. But most had upgrades we didn't want. We looked at least 3 that we would have made offers on if they had had tile instead of hardwood, but I didn't want to pay for their hardwood floor upgrade and then pay again to tear it out and put tile in.
I disagree, however, on the granite. Granite and solid surface counters have been in demand for a while now. Much longer than the harvest gold and ugly greens of the past were. And usually things go out of style because of the next great thing that comes out. So far, I haven't seen that next great thing in countertops. For a long time, stainless steel appliances were king. They are still desirable. But now they have the fingerprint proof stainless look and even the black stainless stuff, etc. and some are going to that. Time will tell, but people want what they want NOW.