Baton Rouge Homeowners overvalue by 8 percent, over improve their homes

I wish every Baton Rouge Homeowner would read this: Owners tend to overvalue homes by about 8 percent, over improve their homes Bill Cobb Appraiser’s Bat Rouge Real Estate insight: I wish every Baton Rouge Homeowner would read this: Owners tend to overvalue homes by about 8 percent, over improve their homes – by noted columnist, Ken Harney: Owners tend to overvalue homes NOTE: As I always indicate, we live in America and as a homeowner, you can install any upgrade you desire to your home, whether that upgrade makes economic or logical sense or not (whether the upgrade is something a typical homeowner would add in your subdivision). The problem is when you expect the market or buyers to pay dollar-for-dollar for the money you spent adding these upgrades at the time of sale. I used the word “spent” versus “investment” because over improvements are not really “investments”. IF you’re going to live in your home FOREVER and not sell, then fix it up the way you that satisfies you. However, life happens, divorce happens, job layoffs happen, job injuries/disability can happen leaving you in a position to where you must sell. And, when you must sell, you’ll find Continue reading Baton Rouge Homeowners overvalue by 8 percent, over improve their homes

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