Kristine, “ I purchased the house (an 1100 square foot ‘starter’) for $375,000. I sold it for $600,000 cash.” Does your “purchase price” include all the incidental closing costs as well as any subsequent home improvement expenses? Does your “sale” price reflect any incidental closing costs - at the minimum the owners title insurance fee you are expected to pay? I had lived in a home bought in 1991FL for 230 k and sold in 2018, for $ 570k. After 27 years. adding all the costs including our addition and remodeling costs etc. my “ real monetary profit “ was about $100k.
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Kristine, “ I purchased the house (an 1100 square foot ‘starter’) for $375,000. I sold it for $600,000 cash.” Does your “purchase price” include all the incidental closing costs as well as any subsequent home improvement expenses? Does your “sale” price reflect any incidental closing costs - at the minimum the owners title insurance fee you are expected to pay? I had lived in a home bought in 1991FL for 230 k and sold in 2018, for $ 570k. After 27 years. adding all the costs including our addition and remodeling costs etc. my “ real monetary profit “ was about $100k.
Post: The Home Ownership Gamble
Link to comment from April 12, 2026