> and doing a $500k home Reno because you have good architectural taste and style
This is basically the cost to add a second floor to your crappy home you bought a several years back because that’s all you could afford to buy in Seattle at the time. Probably even worse in some other cities.
Renovations that increase the square footage are a rare exception that genuinely add serious value. They are rare often due to the zoning rules and permitting requirements in most areas.
I’m speaking of interior renovations of basically aesthetic changes that are generally negative value add.
This is basically the cost to add a second floor to your crappy home you bought a several years back because that’s all you could afford to buy in Seattle at the time. Probably even worse in some other cities.