Every once in a while, I’ll catch one of those real estate/home decorating/home improvement programs on HGTV, TLC, A&E, or whatever channels you find shows like Designed to Sell. Sometimes, the “experts” repeat adages which simply don’t make any sense to me. I believe that these statements were probably true (conditionally) at one point in time, but I don’t think they hold water any longer, because they were never sustainable as a result of their reliance on continuing inflation. In one instance, they updated a bathroom to the tune of about $5,000, at which point the designer and the real estate expert told the sellers that the renovation could add $20,000 to the price of the house. That’s a 400% return! Does anyone else think that’s crazy? We can clearly see that … Read entire article »