Timeline for How to divide investment power between fixed asset and more liquid assets?
Current License: CC BY-SA 3.0
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| Aug 24, 2014 at 1:20 | comment | added | keshlam | Agreed, "sweat equity" can change the equation... but remember that this does eat up time you could be spending doing other things. If you enjoy working on the house, great (I often do). If not, you have to figure the value of that time as part of the real cost of the project. | |
| Aug 23, 2014 at 23:27 | comment | added | Jared | So this contractors customers get $0.60 back at sale for for every $1 they spend on renovation (to clarify your numbers). That's a fair number, but remember the OP is saying what if he does the work himself. If he can do the work for $0.50 on the dollar of what the contractor would charge if he does the labor himself then he'll make 20% on the investment. Still getting contractor bids for comparison isn't a bad idea. | |
| Aug 22, 2014 at 0:42 | history | answered | keshlam | CC BY-SA 3.0 |