The Smart Way To Look At Home Improvements
What home improvements really pay off when the time comes to sell your house? That's an important question for any homeowner contemplating moving or remodeling. And the only possible answer is a somewhat complicated one. That answer starts with the fact that really major improvements ? room additions, total replacements of kitchens and baths, etc., -- rarely pay off fully in the near term. It ends with the fact that small and relatively inexpensive changes can pay off in a big way in making your home attractive to buyers if your decision is to move now. It's a simple fact, consistently confirmed across America over a very long period of time, that even the most appropriate major improvements are unlikely to return their full cost if a house is sold within two or three years. Does that mean that major home improvements are always a bad idea? Absolutely not. It does mean, though, that if your present house falls seriously short of meeting your family's needs you need to think twice ? and think carefully ? before deciding to undertake a major renovation. Viewed strictly in investment terms, major improvements rarely make as much sense as selling your present home and buying one that's carefully selected to provide you with what you want. Even if you have a special and strong attachment to the house you're in and feel certain that you could be happy in it for a long time if only it had more bedrooms and baths, for example, there are a few basic rules that you ought to keep in mind. Probably the most basic rule of all, in this regard, is the one that says you should never ?unless you absolutely don't care at all about eventual resale value ? improve a house to the point where its desired sales price would be more than 20 percent higher than the most expensive of the other houses in the immediate neighborhood. Try to raise the value of your house too high, that is, and surrounding properties will pull it down. Here are some other rules worth remembering: Never rearrange the interior of your house in a way that reduces the total number of bedrooms to less than three. Never add a third bathroom to a two-bath house unless you don't care about ever recouping your investment. Swimming pools rarely return what you spend to install them. Ditto for sun rooms and finished basements. If you decide to do what's usually the smart thing and move rather than improve, it's often the smaller, relatively inexpensive improvements that turn out to be most worth doing. The cost of replacing a discolored toilet bow, making sure all the windows work or getting rid of dead trees and shrubs in trivial compared with adding a bathroom, but such things can have a big and very positive impact on prospective buyers. A good broker can help you decide which expenditures make sense and which don't, and can save you a lot of money in the process. About The Author W. Troy Swezey is the author of "THE SMART WAY TO LOOK AT HOME IMPROVEMENTS." As a Realtor at Century 21 Paul & Associates, he has helped many individuals with their real estate needs. Visit his web site to download his free e-book, "REAL ESTATE SECRETS EXPOSED." http://www.TroyIsMyRealtor.com or mail to: TroyC21@usa.net
Related News
|
 |
|
|
RELATED ARTICLES
Sofa slipcovers - Give your home an instant makeover!
Sofa slipcovers are designed to be easy to fit over your existing upholstery, to give your furniture a fresh new look and protect the fabric underneath. If your favorite sofa is looking a bit tired or outdated, but is generally in good condition, you could give it a new lease of life simply by adding some stylish sofa covers. Furniture slipcovers are a quick and affordable alternative to re-upholstery or buying a new suite. A well made sofa slipcover can be bought for under $200. If you want to improve the appearance of your sofas or chairs, without a lot of inconvenience or expense, slip covers could be the answer.
Family Fun ? Is Swimming In A Safe Pool
Family fun is one of the most important things you can strive for to give your children some lasting memories they will always cherish; even into adulthood. Your children will always remember the times you spent together as a family on vacation or at home. If you are fortunate enough to own a swimming pool, you are well on your way to giving the kids fun family memories. The kids will be able to invite their friends and this way you know where they are; enjoying the water right under your supervision. Purchasing a pool for swimming has one important thing to consider. They can be dangerous if the proper pool safety is not adhered to. Indeed; there are laws and city ordinances that must be adhered to if you are to have a pool in the backyard. Here are some things to consider if you choose to own a pool for your home and family:
This Is Why People Should Consider Granite Countertops
Granite countertops are among the most beautiful things you can add to your kitchen. Kitchen countertops gain a beautiful glow from these pieces of art. They are made in nature and, once harvested by people, are refined into beautiful kitchen countertops that will add value to any kitchen. They come in many colors, colors that are made in nature and of true iridescent quality.
Planning Permission Tips UK - Two Story Side Extensions - The Common Mistakes
Probably the most common type of residential extension is the two storey side extension. However, it is one of the most easiest schemes to get wrong with regard to Planning Permission. Side extensions have an awful lot of issues that need careful consideration before submitting a scheme to the Planning Department for Planning Permission.
Kitchen Cabinets are The Soul of Your Kitchen
Kitchen cabinets reflect the heart and soul of the homeowner. The cabinets you have in your kitchen have the greatest impact on a kitchen's look. They come in many shapes and sizes as well as in a rainbow of colors. Only your imagination and your bank account limit the color and design of your cabinets. You can buy cabinets pre-made at your local home supply store or have them custom built.
Electrical Home Inspection: What You Need to Know!
Whether you're buying a home, or just moving in to your new home, here is some advice that can help you. If you're in the buying process the things you will be looking for are safety and repair aspects. Most electrical contractors can offer you an inspection to check for both of these. If you are thinking to yourself right now that you have or are going to hire a Home inspector, think again. A home inspector does a generalized inspection. Most of them will know a little about a lot of different areas, but be an expert in none with a few exceptions. It is a certainty in most areas to say you will be forced to hire one to get a mortgage, and that's a good thing. If you hire an experienced licensed electrician, your electrical inspection will be more thorough and you can get an estimate to what repairs will cost at the same time.
How to Buy a Home with Good Feng Shui
Buying a home is usually a stressful experience. So much rides on a new home because this is where you relax, have fun, sleep, eat; in short, it's the place central to your life. Not only that, but homes usually cost a whole lot of money and represent our single largest investment. Most homebuyers can usually find the objective requirements of house hunting, such as location, size, and price. But, there are also intangible factors when searching for a new home, but most people don't know what to look for.
Kitchen Magic
It's amazing -- some people manage to get a complete aerobic workout just while preparing dinner! Back and forth, back and forth -- I get tired just watching! Today, pay attention to the way you move while you cook. How many times do you cross the length of your kitchen in one evening? Do you find yourself doing squats to get at your pans? Stretches to reach your dishes? Are you becoming a world-class hurdler, jumping over the dog's dish every time you go from refrigerator to stove? All it takes is a few minutes to re-arrange your kitchen storage, saving you a lot of time and energy in the long run.
Get the Lead Out: Candle Wicks in the US
According to the National Candle Association (NCA), most US-manufactured candle wicking is made of cotton or cotton-paper combinations. Nearly 90% of the candles made in the United States (i.e. members of the association) use wicks that contain no lead. Generally, the metal you find in a US-made candle wick is either zinc or tin, which are known to be safe alternatives to lead. With increasing competition in the candle industry, many makers are celebrating the fact that they use no lead in their wicks, when in reality those NCA members voluntarily agreed more than 25 years ago to end the use of lead wicks! Further, the US Consumer Product Safety Commission banned the use of lead wicks in all candles sold or manufactured in the US in 2003.
Understanding Air Purifiers
Purchasing an air purifier can be confusing, and you do get an awful lot of
information thrown at you when you visit the different manufacturing websites,
don't you? How can you tell what's what, and why do we need air filters anyway?
And how do air purifiers work? Is the air really that bad? Haven't we been
breathing the same air for thousands of years?
The Right Bathroom Accessories Will Make Your Bathroom Unforgetable
Bathrooms aren't just about the basics but are about the bathroom accessories! Bathrooms have become places to relax and unwind. They are not just for doing your business and leaving. People have spent time in designing a place to find peace and quiet! And the bathroom accessories that you have in there will help accomplish this!
Wallpaper Doesnt Just Cover...It Defines The Room
Wallpaper is often overlooked as a key part of an attractive home. The right wallpaper will add character to any room in the house, and will also allow a homeowner to cheaply and quickly change the look of their house.
Be Cool and Comfortable While Saving Money
The cost of energy is on the rise, so if you want to have better air quality and feel more comfortable, you must be prepared to pay for it. People in homes and businesses are looking for ways to save money and still remain comfortably cool. Purchasing a portable air conditioner is one way to lower your energy costs. Central air conditioning an entire home is expensive. The portable model will cut down on the cost by only spot cooling the room you wish. Ceiling fans help circulate the air while a dehumidifier takes the moisture out of the air. These two work in tandem with portable air conditioners creating totally comfortable surroundings. Your sunroom might be the warmest room in the house or your bedroom might be located on the second floor.
The Organized Move: Preparing Your Home for the Publics Eye
(This is the first in a series of three articles on "The Organized Move")
Bakers Racks Add Flair And Style To Your Kitchen
Many items a person can add to the kitchen are stylish and functional. Bakers racks fit this description nicely. This kitchen furniture has been seen in homes for decades and their popularity is increasing all the time. Bakers racks can be used for extra storage space and to brighten up a lonely corner. Uses for them seem endless.
Materials For Building Window Shutters
Shopping for window shutters can become confusing because of the huge variety of materials used and promoted as superior. The construction methods of a shutter unit, including the materials used, contributes greatly to the overall cost of shutters purchased. However, a well-constructed unit made out of high-quality materials will also last longer and look better than something less than ideal. Following is an outline of various woods and synthetic materials that are often used in building shutters.
Country Home Accessories
Country home décor is the most sought after home interior and it's no wonder since country décor invites a casual friendly lifestyle.
Complete Home Rehab In 10 Days
This report is about taking a house and restoring it to an aesthetically pleasing dwelling that has reclaimed it's functional utility. In effect, it is the anti-aging medication for bricks and mortar.
Selling Houses: Payback of Window Treatments
If you're planning to show your home mainly during daylight hours, think about your selling season, market conditions, and the benefits of window treatments. Window treatment tips from innovative Design Psychology can help you sell your home for more money.
Making Space for Sacred Space
When you read a great inspirational book, prayer, or article, don't you think to yourself, "What a great idea! I should do more daily rituals, prayer, meditation."? It always seems like a great idea, right? We know that sacred practices and sacred space bring peace, harmony, joy, and ease into our lives. Sounds like a great idea!
|
