Throwing Money Into Your Home Without Throwing Money Away
Let me just come out and say it- putting $50,000 of work into your home, doesn't directly translate into an additional $50,000.00 in value, or an additional $50,000.00 on an appraisal. End of story. I can't tell you how many Sellers have spent half of the initial listing consultation explaining to me why they want to list their home $100,000 higher than the comparable homes in the neighborhood. I'm a good REALTOR, but I'm no miracle worker. Installing a grotto that fits 20, a movie room with 15 sub woofers and a popcorn machine, or wall papering the entire house is your prerogative. I'm not here to advise against any of the above. It's your space- love it. But when it comes time to list it, you may have to face the harsh reality that your man cave was not necessarily the best "investment".