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re: Real estate question...
Posted on 3/31/10 at 7:47 am to HoustonsTiger
Posted on 3/31/10 at 7:47 am to HoustonsTiger
You would probably lose money on an investment like that. My parents bought a house that already had a pool. The guy that owned it previous;ly said he spent $31k putting the pool in and when he got the appraisal, the pool appraised for $9k.
1
Posted on 3/31/10 at 8:00 am to guttata
Thanks for the input. I know that installing a pool as an investment is a bad idea, but I think the main question I'm trying to get resolved is if the lot will also lose value since a pool was put in, or if it will retain it's value by adding my square footage to my property?
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