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How Home Improvements Affect Your Offer Price |
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Even when comparing exact model
matches within a tract of homes, you should note whether the previous
owners have made any substantial improvements. Cosmetic changes should
be largely ignored, but major improvements should be taken into
account. Most important would be room additions, especially bedrooms
and bathrooms. Other items, like expensive floor tile or swimming pools
should be taken into account, too, but should be discounted. A pool
that costs $20,000 to install does not normally add $20,000 in value to
the home. Rely on your agent to give you guidance in this area.
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