We just started to think about selling the house and how much we are going to be able to get out of it. The big thing we are looking at is how to maximize the value of a place. I know this guy who works as a Sacramento real estate appraiser and of course he was willing to talk about how he figures the value of a place. One of the things that you have rather little control over is how much of the home’s value is related to where it is and what is around it. For example if you owned a relatively nice house that was surrounded by mansions, then you could easily increase the value of the place by doing things like putting in a swimming pool. I do not know if that is a good example or not, but you can get the gist of the argument. On the other hand if your house is surrounded by hovels in a high crime area, then you are never going to be able to increase it’s value by a significant sum.
Fortunately for me, all of my neighbors keep their homes in good shape and this is a pretty nice area. It is not like we have the millionaires living next door to us on a golf course, but still the houses and the yards are well kept. It is a good thing for me obviously. I am not seeing anything major that is really going to make the house a more valuable one. It is a big deal obviously, you do not want to put money in a project that you will not get back. I want to be able to make a lot of money on the deal, so that we will have more money for retirement.