Monday, March 5, 2012

Experts Advise: Don't Over-Improve Property

Mike lives in a middle-class suburb. It's a place of diverseethnic groups, religions and pocketbooks, of grandparents, emptynesters and young families.

There are good schools, good shops and mature trees. The lotsare on the smallish side, the houses modest. Folks here take care oftheir homes and mow their lawns twice a week during summer.

Mike was raised in this suburb. He and his wife are nowraising children there. They like it, and would like to stay.

But Mike's house is no longer big enough for his growingfamily. He would like to build an expensive addition, and includesome extra amenities, including a master suite and gourmet kitchen.

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