I mean, if I put hundreds of thousands into my home over the course of 20+ years I expect the value of my home to be more than what I bought it for.
The problem is when people just buy homes, barely upgrade any of it, and expect to double what they paid for it.
The homestead we have now u bought for $225,000 about 5 years ago. We just built a new deck extension on it. I should expect to get more than what I paid for since we have put money into this home. It’s not worth what it was 5 years ago as it’s since been updated both inside and out over those five years.
bought mine for $150k around the same time period, and added a carport to it the second year that increased the value to $189k. each year since it has increased a bit to be today worth $220k which is in line with values of other properties in this area. not a huge amount, true, but i am not here for the roi. this is my home that i will be dying in one day
inflating prices for one
I mean, if I put hundreds of thousands into my home over the course of 20+ years I expect the value of my home to be more than what I bought it for.
The problem is when people just buy homes, barely upgrade any of it, and expect to double what they paid for it.
The homestead we have now u bought for $225,000 about 5 years ago. We just built a new deck extension on it. I should expect to get more than what I paid for since we have put money into this home. It’s not worth what it was 5 years ago as it’s since been updated both inside and out over those five years.
bought mine for $150k around the same time period, and added a carport to it the second year that increased the value to $189k. each year since it has increased a bit to be today worth $220k which is in line with values of other properties in this area. not a huge amount, true, but i am not here for the roi. this is my home that i will be dying in one day
Yup. Someone could offer us $1 million for our property and we’d turn it down.
We’re never leaving where we are. 14 acres on a rural dirt road and essentially one neighbour