Real estate tip: New kitchen may not reap return

Is replacement cost value a reliable indicator of market value?

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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 the current market will bear that price. If similar homes are selling for $550,000, this is what your home is worth. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom. Please include the headline of the story....