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Home Economics: Does renovating your kitchen pay off?

…It’s kind of a moving target,” says appraiser Jonathan Miller….

…Same for the dot-com-boom years, says Miller, when buyers adored the “white box loft” aesthetic and wanted to fashion raw space for themselves….

…A six-figure redo, however, with a Viking stove, Sub-Zero fridge, and Miele dishwasher, and bearing the stamp of a name-brand architect, may fetch a little more because, Miller says, “there’s so little inventory, which means you have a little bit of irrational behavior in some segments of the market….

…“Usage has no bearing on price,” Miller says….

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#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
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