According to Zillow.com, many Hollywood actors and actresses stand to gain millions of dollars more than they paid before moving into their residence, even after cutting the initial asking price. The star-studded list with new-found wealth includes Charlize Theron, Uma Thurman, Winona Ryder, Diane Keaton, Jennifer Aniston and Dennis Quaid.
Zillow.com reports that some of the celebrities' homes have yet to be sold, however, because they put so much work into renovating their properties, there is high potential for significant profit. For instance, Zillow.com reports Jennifer Aniston bought her Beverly Hills estate for $13.5 million, but after modernizing the home, she stands to earn $28.5 million. Others have already seen more green. The website reports Uma Thurman sold her property for $12 million after purchasing it for $9.5 million, a profit of $2.5 million.
This may not be the norm, however, as findings from a Trulia.com report indicate sellers have cut $24 billion in potential home equity over the past year.
More News