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Updated about 12 years ago on . Most recent reply
1.5 million appreciation on a 1 million house?Howwww??
So i was watching this tv show on hgtv called "My House Is Worth What"?,and this guy bought a house for about 1 million dollars,he did few renovations and improvements and its value appreciated to 2.5 million dollars..How is this possible?Is this even possible in real life or only tv shows?Just curious :)
Btw heres the link if you want to see it(episode name:cash for kitchen):Video is divided into 3 stories,the part i am talking about starts at about 14:00
http://www.hgtv.com/hgtv32/videos/index.html
Most Popular Reply
- Realtor, General Contractor, and Developer
- Redding, CA & Bend OR
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Vaishal Patel If it sounds to good to be true, it probably is! I've been doing this for 25+ years, and have never seen a deal with that much profit for so little work.
You always need to ask yourself, is the property being 'valued' at that by someone, even if it's an appraiser, or did it SELL for that much?
- Karen Margrave