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Been out looking at new and used homes trying to upgrade and get a bit more space for the kids and a larger shop. What I’m finding is that you seem to be getting alot less bang for the buck. I would gladly pay $230,000 for a reasonable quality home with some land but can’t find it yet.
The last place we looked at, the owners were asking about 50,000 more than when they had purchased the house, I guess believing that it would appriciate like fine wine. The house was 20 years old and had obviously been used to raise the family, 20 year old oil furnace with original burner, 20 year old roof and rotting decks and windows………
When we purchase a new vehicle it is understood that a percentage is lost as you leave the lot and the car continues to de-value until it is sold or scrapped,you sell the vehicle that cost $35000 for $5000 several years later and think that is ok. The way you can sell for more is to rebuild the vehicle and maintain it. Seems like this is understood with cars but most homeowners expect to “profit” from their “used homes”.
Any ideas on getting the idea out to people and builders to up the quality and maintain the asset if it is to appriciate. How does one further convince a client that a few more thousand against 100,000 plus is a small percentage to pay up front for better quality and longer lasting products?
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Been out looking at new and used homes trying to upgrade and get a bit more space for the kids and a larger shop. What I'm finding is that you seem to be getting alot less bang for the buck. I would gladly pay $230,000 for a reasonable quality home with some land but can't find it yet.
The last place we looked at, the owners were asking about 50,000 more than when they had purchased the house, I guess believing that it would appriciate like fine wine. The house was 20 years old and had obviously been used to raise the family, 20 year old oil furnace with original burner, 20 year old roof and rotting decks and windows.........
When we purchase a new vehicle it is understood that a percentage is lost as you leave the lot and the car continues to de-value until it is sold or scrapped,you sell the vehicle that cost $35000 for $5000 several years later and think that is ok. The way you can sell for more is to rebuild the vehicle and maintain it. Seems like this is understood with cars but most homeowners expect to "profit" from their "used homes".
Any ideas on getting the idea out to people and builders to up the quality and maintain the asset if it is to appriciate. How does one further convince a client that a few more thousand against 100,000 plus is a small percentage to pay up front for better quality and longer lasting products?