Mods ≠ Value

Over and over I see someone who's heavily modified their car and think that just because they spent $15k on the mods, that means they've added $15k to the value of the car.

If the car is normally $10k, they want $25k for it.

That only works if the prospective buyer wanted that model car with those exact mods and the seller is the only one with this combination.

By this logic, I should add the price of every oil change to the value of the car.  I spent the money, right?

The $15k in equals $15k out also forgets something important, depreciation.  Everything loses value when you break the seal on the box.

If that really bugs you, I suggest a different hobby from hot rodding.

Hot Rods are a money sink.  You just don't break even unless you got lucky and your make and model becomes the hot collectible.

If you are lucky and owned the thing before it became the new hotness, you stand to make money, or at least not have lost money due to inflation; and what you've done to the car won't matter.

Wait, I'm making my point again...  Your mods don't affect the value.

The condition, year, make and model determine the value; in many cases the mods reduce the value.

Another interesting thing here with people trying to recoup their mod expenditures is the number of folks who have very recently completed the mod.

That's worrisome to me.

It makes me wonder about the value of the mod in the first place.

Did it make the car miserable to drive?  Did it crater the mileage?  Is it now unreliable?  Did it break something you only notice after owning for a while?