I don’t know about you, but I have rationalized the value of my property compared to others in my neighborhood. Some of the common and personal rationalizations include:
Our new stone fireplace is warm and inviting
The new hand-painted tiles in our master bath were very expensive
The new custom yellow cabinets in our kitchen match our yellow floor tiles
Living across from the elementary school is convenient because we have young children
While the owner loves their personal improvements, the new potential owner might have a different point of view.
Some people like vanilla ice cream and some like chocolate.
Moral of the story: True value is always in the eyes of the beholder.
For your Colorado Real Estate Needs, contact Wade Perry wade@wadeperryproperties.com, or visit his site http://www.wadeperryproperties.com
For your Newport Beach/Laguna Beach/East Costa Mesa home needs including property management contact Matt Perry matt@perrypropertyadvisors.com or visit his site http://www.perrypropertyadvisors.com
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