Saturday, May 17, 2008

What Makes It A Million Dollar House

I propose that having the most interesting things to look at in your house, makes it the most expensive house. Or another way to put it is the definition of a million dollar house is a house that is over built, or has lots of eye candy.

If you have more space in the house then there is more room for more interesting things to look at.

If you put things with a story behind them or that are one of a kind or that are the best of the best. Then those items in the house are now more interesting to look at and think about.

In every direction you look there should be something interesting to look at, in the best houses.

And there are always rich people that are tired of designing and putting together their own interiors. So there will always be a market for people that do that thinking for them. Interior designers/house flippers. But this is only true at the really high end houses. This isn't as effective at working class houses.

Working class houses are mostly built to be practical and cheapest. And typically your materials costs are just as expensive as labor costs, when calculated in the final appraisal value(this is a quick/easy calculation of sweat equity). But cheap and very effective materials are the best to put in lower end houses if you intend on selling it. But there is never a guarantee, of getting your money back in the working class market, because the market may go down after you're done renovating. But million dollar houses go by completely separate market conditions and are usually guaranteed to rise or stay stable in price, until the renovating is done.

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