Quote:
Originally Posted by ROCKETMAN
Just a question directed to villagers who own small ranches or villas and have lived in them for over 7 years. How much more do you think your home is now compared to the purchase price? We have a 2-2 austin, paid 162,500 in 2005. Between landscaping, all tile floors, better countertops, and other misc. items, have spent 20,000. At most i don't think i would get high 160's. This in part because we bought at the absolute highest prices and you reach diminishing returns when adding on to a smaller home.
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I live in a patio villa that I purchased late in 2004 or early 2005. I put in lots of cabnets in the garage plus a workbench w/cabnets above and below. I put in wire shelves and some new landscaping.
I haven't tried to sell it but I know from experience that prospective buyers tend to focus on what's wrong or what a house doesn't have, rather than the good features or improvements. Sometimes it may be genuine and sometimes it may be for bargaining purposes. For example, they might say they like title floors but the color isn't right for their furniture. As far as landscaping, all homes have it anyway so they will wonder why they should pay extra.