I liked the take on this. It is the part that makes me laugh when I watch these home improvement / flipping / income property shows. They show they put in 30,000 and increased the value 80,000 – 100,000, hmm, I don’t think so.
As our company is trying to sell a place in Grantville, due to the time involved we got a Realtor who of course said we should do this and that. Our question to each was “how much more can you sell it for if we do that?” to which her answer was “maybe a grand or two”. So if we spend 3,000 for a upgrade we may or may not get another 1,000 on our selling price, yeah sure.
Absolutely there are things you can do, but there are many “upscale” improvements that just don’t make sense with the profit to expense ratio.