On this, and some other 'flipping' shows, they show the cost of a particular part of the project and then they show the added value it brings.
Where are these numbers coming from? Is this something that is figured out after the home is sold, or are these numbers just made up at random?
Are there indexes or lists that show how much specific improvements add to the value of the house. And by adding to the value of the house i mean if it gets appraised?
I think they just "guesstimate". Like I've heard the general consensus is when you remodel a kitchen you get back 100% or more of what you spend. Maybe they have a formula like that. I think it's a little high myself, but it's tv, so of course we need the drama.