Hidden Potential

All I can say is Li Chang has somehow missed the point of this show entirely. This show is NOT about increasing your existing home’s value by remolding it. Its about showing people the advantages of buying a fixer upper and remodeling it themselves rather than buying a brand new home or one that has already been remolded. Not only is this almost always at least as good or better an investment than buying a previously remolded house but it allows you to customize the house to your exact needs. We ALL already know that if we spend $100,000 to remodel our existing house we will be extremely lucky if we ever see even a 70% return on our investment. On the other hand buying a fixer-upper for $100,000 less than an comparable remodeled house and then fixing it up yourself is virtually always the best way to go. The families on this show are not looking for investment properties they are looking to find their dream homes for the best price possible. Of course, even though the show is not about return on investment, they will sometimes point out when a particular house in a particular neighbor hood at a particular price might be a particularly good investment property. Perhaps Li Chang only watched the 2nd to last espisode in which a family wanted to remodel their existing house rather than choosing between 3 new houses to remodel, as is usually the case on this show. Anyway it’s a great show in that it shows people the hidden potential in properties that most buyers might otherwise dismiss outright.