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Real Estate Blog 

 Team Maxx Real Estate Blog 
Monday, 04 June 2007
It would make sense that homeowners who make energy efficient improvements in their home would see a near 100% payback in their investment come sale time. A new heating system is a wise investment, but does not deliver the payback that other "SMART" renovations do.Recent data show that "Curb Appeal" investments such as new siding and windows deliver the best returns in home sale value. Many real estate professionals support the notion that a visitor to an "open house" initially develops a positive or negative reaction at first glimpse.The National Association of Realtors and Remodeling Magazine annually complete the Cost Value report for the industry.Another shocker was found in the cost/value return of building a Home Office which only delivers a 72% payback. Caution is advised because in some parts of the country the same renovation project delivers different percentages of recovery. For an extensive review of the data you can visit this resource (This info spans several pages)Overall a general expectation of recovery: Finally, it's wise to avoid overbuilding for your neighborhood. And to get an assessment of what curb appeal ideas are popular in your area and info on Overbuilding.... Click CONTACT on the right and ask your Sponsor.Some do-it-yourselfers get so involved in working around the home that they actually upgrade the home far beyond what they should, and can never recover their investment when the home is sold. Try to resist this tendency, or at least understand that not all home improvement projects are investments that can be recovered. For more information on Improving Curb Appeal-- there is a show every week on HGTV ..... Wednesdays at 10PM (est) ( Watch 10 Online Videos )
POSTED BY: Kirk Greer AT 07:55 am   |  Permalink   |  E-mail this
  

Kirk Greer
RE/MAX Allegiance

1080 Nimmo Pkwy, Suite 102
Virginia Beach, VA 23454
Phone: (757) 217-2901
Email: kirk@teammaxx.com

Web site: www.teammaxx.com

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