Asked by Jane, Oak Park, IL • Fri Sep 14, 2007
I realize you compare neigborhood to neigborhood (or block to block as the case may be) and bedrooms to bedrooms, etc., etc., but I'm wondering what else you look at. Do you look at how recent an update was (like an addition done 10 years ago)? And, if so, do you look at the quality of the update (oak versus cherry cabinets)? Do you look for things like Kohler versus Delta faucets? Do you look at the color scheme of the room ("Pottery Barn" colors versus neutrals)? Does it matter how "trendy" an update is? How do these things figure into your comps, or do they at all? Can not keeping up with the Joneses make a significant difference in price?
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