Talk of The Villages Florida - View Single Post - Pre-owned homes appreciated 27% in a year
Thread: Pre-owned homes appreciated 27% in a year
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Old 05-16-2014, 09:57 AM
Ohiogirl Ohiogirl is offline
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Default Grain of salt
If a resale home has "upgrades" and "additions," then the sale price minus the original purchase price doesn't really show the appreciation. To be accurate, you would need to subtract the cost of the upgrades/additions/replacements you have made and then see how much your home has appreciated.

I think that's why the numbers seem so high - most people have made significant improvements - but not all. A fairer number would be to compare original purchase prices with homes that have resold with little or no improvements. There are some of those around, particularly those that have been used lightly by snowbirds, or bought to be mainly rentals and then sold for various reasons without improvements having been made.