Kim Kardashian and Kanye West’s insane spending habits are starting to pay off. The couple has put millions of dollars into their mansion in Hidden Hills since 2014, and the sprawling estate is now worth three times what they originally paid.
TMZ reports that West and Kardashian put up around $20 million to renovate the mansion over the course of several years. The two purchased the mansion, which was previously the home of Lisa Marie Presley, for $20 million in 2014. Fast forward four years and the estate is estimated to be worth around $60 million, which means the couple is now over $20 million ahead.
Kim and Kanye pocket HUGE profit after $20M of renovations on their palatial home boosts market value by $40M https://t.co/lynOSk2U7h
— Daily Mail Celebrity (@DailyMailCeleb) January 4, 2018
West and Kardashian put a lot of time and money into the renovations. The new estate now features a music studio for the rapper, a massive master bedroom, tons of closet space, and an entire spa.
Although the two have done a lot over the years, insiders say that they have more renovation plans to come, especially in the well-landscaped backyard. For now, they are just content with finally moving into the space.
According to Daily Mail, West and Kardashian have officially moved into their mansion after years of waiting. An insider revealed that all the major renovations have been completed, though there are a few smaller things that still need work.
While they waited for the renovations to get finished, the two purchased a home in Bel-Air for $9 million. They just sold that estate for almost double what they paid for it. Although the larger projects are finished, the insider claims that the couple wants to build a massive gym and a hair salon before it’s all over.
The Sun reports that West and Kardashian rushed to finish the home in time for their new baby. West reportedly wanted to wait a little longer to move in, but Kardashian put her foot down and told him that she wanted to move in by 2018. Luckily, it sounds like the construction crews got ahead of schedule and finished just in time for the start of the new year.
“The renovation and design of the Hidden Hills was Kanye’s big showpiece project – he wanted it to be another one of his masterpieces, but three years on Kim has put her foot down and given a one-month deadline to the interior design team as she wants to start 2018 living in the house as a new family,” the insider explained.
Kim Kardashian and Kanye West are awaiting the birth of their third child via surrogate any day now.