12-12-2019, 12:46 PM
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Sage
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Join Date: Aug 2016
Location: village of Fenney, Ford City, Pa., and Hudson, Ohio
Posts: 4,164
Thanks: 6
Thanked 4,340 Times in 1,448 Posts
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Quote:
Originally Posted by blueash
Be a bit careful when comparing new home prices with resale prices. It is entirely possible the original owner spent big money on a pool, granite, bird cages, driveway, landscaping etc... and that the cost of those upgrades is what you are seeing in the resale price rather than appreciation of the original structure.
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Agree with Gracie, when I stated the homes have had profits of 6 figures I know the owners personally and deducted the improvements that were made ending up with a true 6 figure profit.
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