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Real estate tip: New kitchen may not reap return

Is replacement cost value a reliable indicator of market value?
Published on Feb 5, 2004

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by CareyBot

Replacement cost value is not a good indicator of current market value. For example, suppose you paid $500,000 for your home five years ago and subsequently invested $100,000 for a new kitchen. You can only sell it for $600,000 if ...

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