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I live in New York, these are minimal costs we have to put up with to keep properties updated for
selling or living in. Consumers are looking for high-end and pricey remodels. Not to mention
outdoor living spaces with kitchens and custom pools. As soon as our kids have graduated I hope
to get out of this greedy neighborhood where taxes are through the roof.......
you sound like my relatives: "don't do this. Market's going down, it won't have much value"
errr excuse me I built to fill MY need, to live in, not to sell
I agree with many of the comments saying the prices shown here are through the roof. People who write these articles must think that everyone lives in New York, Los Angeles, or some other huge urban center where these prices may be realistic. Believe it or not, there are a lot of people in this country who live in small cities or towns, or even in rural areas. Whether or not these improvements are worth it or not depends on the individual and their personal balance of wants or needs vs. income.
In central Wyoming where I live, a garage is important if you don't want to scrape ice and snow off your car every morning in the winter. A garage also helps protect your vehicles from sun deterioration. Winters here are long and cold. I'm glad the house I own already had a sunroom built onto it, because I probably would have added one if it wasn't already here. In the winter, the sunlight helps warm the rest of the house, and you can grow plants inside and at least see the sun even if it is too cold to be outside.
These prices are way high, I don't know where they are getting these prices from.
Remodling is always a good move if that's what you want. The thing about it is that it's your house and if you have the money and it makes you feel good about how you live then by all means do it. I will agree if you're selling the home then DON'T spend the money to fix it the way you want it. Let the buyer fix it the way they want it.
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