Real Estate Undressed, The Book

List of things people do to make their home functionally obsolete:

1- Convert their garage into a bedroom or other part of the home.

2- Add a swimming pool in an area people don’t want pools.

3- Remodel the kitchen without leaving a place for a full sized fridge. (Don’t be dismayed, I can show you one.)

4- Making the only available entrance, the back door. (Again, don’t be dismayed)
5- Making a physical change to the home where the change is of a poor design.

6- Doing a physical change using poor construction.

Click Here for 6 more things to do to make your home functionally obsolete.

The Market Will Always Go Up – Housing Can Never, Ever Reach These Levels Again – Myth

The Market Will Always Go Up

Housing Can Never, Ever Reach These Levels Again

Over the long haul, real estate follows inflation and job growth. In the United States, the former number always points up (Japan proves the other way isn’t impossible), but job growth varies drastically from region to region.

You Can Always Sell When You Need To – Myth

You Can Always Sell When You Need ToSelling a home is a lot of work. Making it look presentable is one thing, but keeping it presentable to the (hopefully) large number of prospects and agents coming through your home requires constant diligence. Having to find a place for your valuables and putting away many of the more personal items that may turn off prospects or prevent them from “seeing the house as their own” makes selling a lived-in home much more challenging.

You Should Treat Your Home The Same as Other Investments – Myth

You Should Treat Your Home The Same as Other InvestmentsYes, your home is an investment and one of the areas I research diligently for my clients is the probability of asset appreciation. But the house you live in isn’t not your stock portfolio, college fund, or that rental property you own in Sun Valley. What you would do for an investment property is very different from what you do with the house you live in.