Search
Related Links


 

 

Informative Articles

5 Helpful Tips for Selling Your Home
Below are 5 helpful tips for selling your home. If you visit our website listed in the resource box at the end of this article you will receive 55 helpful tips for selling your home, for Free! Tip #1 Shed A Little Light on the Subject Two...

Final Walk-Through – The Value Of Your Contract
A walk-through is an important step in a real estate transaction. To get the most out of it, make sure you understand the terms of the purchase contract. Check Things the Contract Specifies When you signed the contact to purchase your new...

Home Mortgage
A home mortgage is worth consideration. It refers to a long-standing credit that a debtor obtains from a financial institution or from a property seller. In common, the house is the usual collateral for the mortgage, thus the term "home...

Real Estate For Beginners: Residential Property Taxes
Whenever you own a piece of land, you will be taxed for it. Whether it is commercial property or residential property, there is still a tax to pay, whether it is for a village, town, city, county, or state. Most residential private property taxes...

Wealth Building – An Advantage Of Home Ownership
As you grow older, the issue of wealth building comes front and center. Wealth building simply refers to increasing the net value of your total assets. Wealth building over time is one of the advantages of home ownership. Building Equity ...

 
Google
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.

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