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Posted by on November 30, 2006, 2:34 pm
need advice ...ROI on Home upgrades / features
My sister lives in the SF bay Area, CA. She wants to upgrade her home
with new kitchen granite,
flooring, carpeting, bathroom tiles, marble entryway, additional new
bathroom etc
She is wondering if "the upgrades" are a good investment ? and will
they appreciate in time ?
In other words if she is planning on spending $50,000 on upgrades, will
this $50,000 appreciate at say 6% or would she better off investing
in mutual funds ?
I have 2 important questions...
1.generally does get one's money back from these upgrades ?
2. Do the upgrades appreciate with the home ? ie if a home appreciates
6% a year in the SF Bay Area, CA would her upgrades appreciate as well
?
If you think this would bring in a good ROI, would you pls advise as to
which materials to use ?
What tiles, carpets, marble, granite are best for ROI and maintenance
?
She is totally ignorant with these things.
Any help would be highly appreciated.
Thanks
Kim
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