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	<title>Comments on: House appraised at 450K My debt is 200k s my equity is 250k. is it profitable to remodel and resell?</title>
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	<link>http://remodelingblogs.com/house-appraised-at-450k-my-debt-is-200k-s-my-equity-is-250k-is-it-profitable-to-remodel-and-resell</link>
	<description>Remodeling and Home Repairs - You Can Do It!</description>
	<pubDate>Mon, 06 Sep 2010 00:52:00 +0000</pubDate>
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		<title>By: Powered by Yahoo Answers</title>
		<link>http://remodelingblogs.com/house-appraised-at-450k-my-debt-is-200k-s-my-equity-is-250k-is-it-profitable-to-remodel-and-resell#comment-165</link>
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		<pubDate>Sat, 21 Feb 2009 01:59:32 +0000</pubDate>
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anything is feasible.
is it purdent ? probably NOT.
given the housing market next 2 yrs , if u put in 150K, u will out price ur house for immediate area and not get back nearly enough.
how many McManssions in 2mile radius of house.? will ur s be one of many or one of one?
do ur homework b4 starting.</description>
		<content:encoded><![CDATA[<p><a href="http://answers.yahoo.com">Powered by Yahoo Answers</a></p>
<p>anything is feasible.<br />
is it purdent ? probably NOT.<br />
given the housing market next 2 yrs , if u put in 150K, u will out price ur house for immediate area and not get back nearly enough.<br />
how many McManssions in 2mile radius of house.? will ur s be one of many or one of one?<br />
do ur homework b4 starting.</p>
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		<title>By: Powered by Yahoo Answers</title>
		<link>http://remodelingblogs.com/house-appraised-at-450k-my-debt-is-200k-s-my-equity-is-250k-is-it-profitable-to-remodel-and-resell#comment-164</link>
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		<pubDate>Wed, 18 Feb 2009 07:46:09 +0000</pubDate>
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Check with an appraiser in the area before you sink that much into it.

HGTV had given the general public a HORRIBLE impression on what remodeling a home will do for the overall sales price of a home.

People think all you have to do is invest $25,000 and you get $40K back....WRONG!

It all depends on the other homes in your neighborhood, what their conditions are, what the overall trend is for your city, etc.

I listed a house about 3 months ago where a lady bought a BRAND NEW house, and she hated the kitchen b/c it was  spec home and the builder used oak cabinets...she did a $18,000 kitchen remodel...but guess what most of her neighbors had?  Oak Cabinets.

She about broke down in tears, when I showed her comps that wouldn't even support HALF of what she spent....we did the best we could, but she spent $18,000 that only made about a $5K difference in sales price.

Appaisers know what affects a home's value better than any Realtor does.

I would **** for you to spend $150K only to find out that you flushed $100K down the toilet.</description>
		<content:encoded><![CDATA[<p><a href="http://answers.yahoo.com">Powered by Yahoo Answers</a></p>
<p>Check with an appraiser in the area before you sink that much into it.</p>
<p>HGTV had given the general public a HORRIBLE impression on what remodeling a home will do for the overall sales price of a home.</p>
<p>People think all you have to do is invest $25,000 and you get $40K back&#8230;.WRONG!</p>
<p>It all depends on the other homes in your neighborhood, what their conditions are, what the overall trend is for your city, etc.</p>
<p>I listed a house about 3 months ago where a lady bought a BRAND NEW house, and she hated the kitchen b/c it was  spec home and the builder used oak cabinets&#8230;she did a $18,000 kitchen remodel&#8230;but guess what most of her neighbors had?  Oak Cabinets.</p>
<p>She about broke down in tears, when I showed her comps that wouldn&#8217;t even support HALF of what she spent&#8230;.we did the best we could, but she spent $18,000 that only made about a $5K difference in sales price.</p>
<p>Appaisers know what affects a home&#8217;s value better than any Realtor does.</p>
<p>I would **** for you to spend $150K only to find out that you flushed $100K down the toilet.</p>
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		<title>By: Powered by Yahoo Answers</title>
		<link>http://remodelingblogs.com/house-appraised-at-450k-my-debt-is-200k-s-my-equity-is-250k-is-it-profitable-to-remodel-and-resell#comment-163</link>
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		<pubDate>Sun, 15 Feb 2009 03:26:54 +0000</pubDate>
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Sounds like it to me!</description>
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<p>Sounds like it to me!</p>
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