Home Values

Posted by: Randy in Blog Thoughts 9 Comments »

I made the mistake of checking our estimated house value on the home site Zillow yesterday.

True to form every $1 we’ve invested in the house has lowered the value of the house by $2.

Isn’t it supposed to be the other way around?

I then realized who is behind the sales pitch that says: "every $1 you spend on your house is $2 back." 

It’s what Home Depot and Lowes and the contractors say.

Much like the jeweler that says you should spend three months salary on the wedding ring. 

It will be nice and we will enjoy living in the completed project (we’d better) but it would have been interesting to enter the real estate market here in Stockton now instead of 8 months ago. 

 

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