Question Details

Tom, Home Buyer in Los Angeles, CA

Resale value of renovations?

Asked by Tom, Los Angeles, CA Wed Jun 25, 2008

I have conflicting things on whether renovations will give you more value when you sell than they cost or less. Seems like on HGTV they have all these shows where these "experts" comment on how homeowner's 10k-20k renovations will bring them 30-40k. If this were the case, couldn't everyone become millionaires by flipping homes?

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