This is flat out incorrect in many casesHere is my 5%- 3/1 with central heat/air, fireplace and carport outside of Lubbock. 

Here are the numbers:House 1) Purchase $110kARV $198k Needed Repairs $10k (Fix garage door, broken fence, front porch tile, tile master bath)Additional Upgrades $20k (Upgrade dated kitchen with painted cabinets, new countertops, backsplash, appliances and flooring, upgrade stackstone fireplaces, increase size of master bath shower and upgrade with tile, laminate flooring throughout).10k would make it the cheapest home for sale and $30 would make it the nicest home for sale.

While it could use a little more polish (small things, like maybe interior paint), it has some major features that those don't have - brick and stone exterior, great fireplaces, etc.The question is, how variable are appraisals?

Lastly, we refinished the hardwood floors and painted the old brick fireplace white.

Most dramatic, as a plumber was working in the basement correcting the furnace vent, the brick underside of the fireplace hearth came crashing down.

Masonry furnaces are fireplaces centrally located in a house that have massive amounts of mass around a long winding flue pipe.

This Alluring home showcases a fireplace in the family room with gorgeous wood laminate floor and a 3 car garage located on a conservation with no backyard neighbors.

Fireplace operable. 2018 New roof replaced and windows replaced several years ago.

Stone fireplace and wood mantel.

Stone fireplace and wood mantel.