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Even when comparing
exact model matches within a tract of homes, you should note whether the
previous owners have made any substantial improvements. Cosmetic changes
should be largely ignored, but major improvements should be taken into account.
Most important would be room additions, especially bedrooms and bathrooms.
Other items, like expensive floor tile or swimming pools should be taken
into account, too, but should be discounted. A pool that costs $20,000 to
install does not normally add $20,000 in value to the home. Rely on your
agent to give you guidance in this area.
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