Don’t Over-Improve Your Home

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Kathy states some very good points and gives good advise regarding improvements and overimprovements to your property.

Via Kathy Stankard (RE/MAX Executive Realty):

The other day I met with our favorite carpenter, Gary, who has expertly handled many projects at our home over the years including both kitchen and bathroom remodel, and 2 custom-built decks.  He mentioned how business is very good now although last year at this time was another story.  He admitted that months went by without the phone ringing for his services or he would give homeowners quotes on jobs but they would decide their money was too tight.

It appears that home improvement projects are on the rise nationally as well.  Luke Mullins, in his US News blog, The Home Front, writes that ServiceMagic.com tracks statistics on remodeling and requests wereroof up by 37% at the end of 2009 as compared to a year earlier.  Servicemagic.com CEO Craig Smith explains the consumer’s thinking this way.  “Hey, with 20 percent of the population underwater on their mortgages, I know I am not moving anytime soon. So I am going to start putting some money into improving the living conditions of where I live now.”  The most common projects are window and roof replacement, both of which have been shown to yield a strong return at the time of a home sale.

There is nothing better than walking into an improved, updated home however it is important for homeowners to keep updates in scale with their home and neighborhood.  I recently was involved in a transaction in which the seller was a builder whose home was so detailed and spectacular in every feature but unfortunately the neighborhood consisted on older homes that were worth approximately $400,000 less.  Every homeowner must be careful not to be the most spectacular home on the block even if you expect to live there for 30 years. 

If you are thinking whether to move or improve and need advice, please give me a call at 508-369-5131 or email franklinmahomes@comcast.net.  I will offer no-pressure, honest opinions about what projects give the best return on your investment…

 

Kathy Stankard  RE/MAX balloon

The Kelly & Colombo Group

RE/MAX Executive Realty                                             

cell: 508-369-5131

email: franklinmahomes@comcast.net

website:  www.franklinmahomes.com

 

About susanmorrison

After living in Walpole, MA for many years, our family was transferred to the west coast when I was a senior in high school. In 1983, I graduated from Mission San Jose High School in Fremont, California. I am also a 1987 graduate of Providence College with a major in liberal arts and a minor in business administration. I bring to the table many years of sales experience beginning with thirteen years in Corporate Sales at Delta Air Lines. I'm the mother of three children and I'm very active within the Franklin, MA community. I am also a cancer survivor and support the American Cancer Society Charities.

My husband and I have built five homes and I've lived in a variety of other locations including Toronto Canada, Irving Texas and my current home in Franklin, MA. As a result of all my moving around, I came to the conclusion that I was an expert at moving...why not become an expert on the other side of the table? I earned my real estate license in 2004 and believe that I have found my true niche'. I can empathize with my clients on a variety of levels; whether they are buying or selling. And, like so many other good realtors out there, I believe that possessing good communication skills is one of the many keys to success.

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