Question

Based on the tax assessor's records, the market value of 123 Main Street is $75,000. What is your response to the owner's renovation plans?

A. The renovation will add value to the property.
B. It's not worth renovating.
C. Get a professional contractor.
D. The cost doesn't justify the increase in value.

Answer 1

The market value of 123 Main Street is $75,000. The decision to renovate a property depends on various factors such as personal preferences, budget, and future plans for the property. The owner should consider factors like the potential increase in property value, the cost of renovation, and their long-term goals.

Step-by-step explanation:

The market value of 123 Main Street is $75,000. Based on this information alone, it is not possible to determine the owner's renovation plans.

The decision to renovate a property depends on various factors such as personal preferences, budget, and future plans for the property. The owner should consider factors like the potential increase in property value, the cost of renovation, and their long-term goals before deciding whether to renovate or not.