Whether it's another best in class kitchen, a finished front yard or the expansion of a top floor and rooftop deck on a townhouse, a few redesigns can mean genuine esteem on the resale of an extravagance property, while others can crash and burn.
For Ken Jacobs, vital at Christie's International Real Estate Australia, the more particular the upgrades are to the purchaser, the more troublesome they are to swing over to benefit. "You can't anticipate that every other person will have your taste," he said, taking note of that he once observed a $30 million or more apartment suite close Central Park that the proprietors had put more than $10 million into remodeling—including gold light fixtures and other top-line completes, which most purchasers discovered grandiose and overcompensated.
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