Ep 19: Mistakes Homeowners Make: Not doing the math

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In this episode of the podcast, I share some news regarding the re-sale value of our house after one year.  I also explore in some detail the perils of “not doing the math” when it comes to home improvements costs.

Topics

• From swimming in cash to swimming in debt
• Impressive profit in one year (at least on paper):  It’s a seller’s market in our neighborhood
• Why the real estate agent is so eager to “help” us realize that profit.
• The biggest mistakes homeowners make:  Not doing the math
  • Overestimating the cost of a project
    • The cost of postponing a project that may be more affordable than you think
  • Underestimating the cost of a project
    • Unfinished work
    • Debt
• Small things can cause entire projects to grind to a halt
  • Why I haven’t installed my laminate floor yet
  • DIY anxiety