Julius Ebreo

The most important factor to weigh before splurging is "adherence to the home's price range and location. If you over-improve — say, install a $200,000 kitchen in a $900,000 home in a $1 million neighborhood — you'll never recoup that money.

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Former "Today" show host Kathie Lee Gifford has put her enormous Connecticut estate on the market for the staggering price of $100 million—32 years after she purchased the expansive abode with her late husband, Frank Gifford.

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