2) You spent half the purchase price just to improve the property to Zillow estimates (which may now be inflated…)
3) You wonder if you should spend more to improve the property during a declining market, thinking that it should ‘affect positively the house value’.
Sounds like you want to break even, or better make some profit….
If you had purchased with the idea that your property was a long term investment, i.e, more than 4 years, why would you care if the ‘marking is crushing’?
As a buyer, I don’t care what influence your ‘money pit’ has had on your ‘relationship
because of the financial stressor.’ That is a consequence of your decision to overpay for the place to begin with.
Yes, I would appreciate it if you put 500,000 dollars more into your home, because I am the one who will be looking to buy your property when the market has regained some reasonability, and that figure will be much lower than what your vice is currently telling you.
If you want to put the finishing touches on your house thinking that will increase the value of the property, then you meet all the definitions of a flipper.
Sorry for the venom….I make a better than average wage, have no debt, have substantial savings and a great job and I’m still priced out of the market? WTF…
