If you doubt this imagine two otherwise identical houses. One with a
crumbling concrete patio and weedy lawn. One with well designed and
construcetd terrace, well tended lawn, waster feature and beds full of
character plants. Most people here (including me!) would go for the first
one as we'd be buying great potential to do our own thing at a discout,
Mr
general public on the other hand goes for the one with the fancy garden
and
the shine of the garden rubs off on the house which is itself perceived as
"better".

Go along with you on that. You can 'price yourself/house out of the market'.
In our last house, the next improvement would have been a Swimming Pool, but
for the expense and what we 'conceived' the value to be with that addition,
I for one would have looked elsewhere for 'that sum of money'. Consequently
we didn't put a pool in, but a recent owner has!!

My daughter and son-in-law have a Hotel business with a super private house
with an indoor pool. The hotel has indoor and an outdoor pool. He has turned
down £2M and when you get to that sort of money, the odd £50K means
nothing!!

One of our neighbours has priced his house out of the area. In the right
place, worth £250,000 or even more, but not where it is.

Mike

--
H.M.S.Newfoundland Association Reunion Hayling Island April 23rd - 26th
Royal Naval Reunion Eastbourne May 7th - 10th
H.M.S.Collingwood Association Reunion Bracklesham Bay May 21st - 24th
Nat.Service (RAF) Assoc. Cosford Parade / Social Weekend 25th - 28th June