You are viewing a single comment's thread from:

RE: "Automatic-Bidding" Is Fueling Bubbles In The Hottest Housing Markets

in #realestate7 years ago

@Zer0hedge. bro Even if you did upgrade, some HGTV junkie will want to rip out everything anyway. As a RE buddy explained to me, if it looks like something from Property Brothers, it will sell for $200/sq ft (Dallas) in a day. If the mods are 10 years old, you'll get $150/sq and will be on the market for months. You can't win unless you remodel your kitchen every 3 years.Been in mine for 23 years. New roof (50 year guarantee , new bamboo flooring , heat pump an high-efficiency gas furnace, just repainted inside and outside. Acre lot, giant cedar deck. Payments, even with sky-high property tax, are cheaper than renting here. Prices climbing at 11% per year. My value could drop 60% and I would still be above water.thanks for sharing.