WARNING!!!!! The true costs of upgrades or add ons

There is more to making a decision to add that pool than just the cost, there is more to making a decision to totally upgrade the home than the price and there certainly should be thought when you take the ammenities and upgrades of your home outside the range of your neighborhood. There is a truth to the old addage that you shouldn't buy the least expensive home in the neighborhood nor should you buy the most expensive. Far too many times people have lost thousands because they started out with a $150,000 home in a mid 100's sub division and added what they thought was $30,000 worth of upgrades only to find that the neighborhood would not support the additions.

It is true enough that the value of a home is what the buyer will give and what the seller will accept but a savvy agent will ceratinly protect their clients by giving the comparitives in the neighborhood and telling them what they are buying as opposed to what the neighborhood will support. After all, they get paid to represent.

A good rule of thumb is to be sure that the cost of the material, the cost of the labor is equal to no more than yoru sub division can support. Take the emotion of wanting it out of the equation and ask yourself the question if you had to sell the home in one year could you recover the difference. If so go for it but if it is questionable ask a professional realtor what they think? They can give you information on the latest pricing in your area.

Doug