http://45thparallelrealty.wordpress.com Real Estate in Northern Michigan Tue, 28 Jul 2009 19:49:31 +0000 http://wordpress.com/ en hourly 1 http://www.gravatar.com/blavatar/19752a1e0ed843ccdda8366b817a7384?s=96&d=http://s.wordpress.com/i/buttonw-com.png http://45thparallelrealty.wordpress.com http://45thparallelrealty.wordpress.com/2008/05/03/thinking-about-making-improvements-to-your-home-keep-the-following-things-in-mind/ http://45thparallelrealty.wordpress.com/2008/05/03/thinking-about-making-improvements-to-your-home-keep-the-following-things-in-mind/#comments Sat, 03 May 2008 20:19:22 +0000 Lesley Werth http://45thparallelrealty.wordpress.com/?p=77 ]]>

• COST DOESN’T EQUAL VALUE. If you finished off your basement six months ago for $12,000,  said improvement doesn’t necessarily add $12,000 to value in the eyes of the buyer.
• PUT YOUR MONEY WHERE BUYERS WILL SEE IT. Examples of good returns might be a fresh coat of paint and sprucing up your front door and entry way. Don’t expect to get as good a return on insulation or new wiring (these fall under item #4)
• DON’T OVER IMPROVE! We see this happen all the time. The addition of a fifth bedroom to a house in a subdivision of 3-4 bedroom homes may not give you the return you would like. Use typical improvements for your area as a guide.
• MOST QUALITY HOME IMPROVMENTS CAUSE A PROPERTY TO SELL QUICKER BUT NOT NECESSARILY FOR MORE MONEY. A timely sale will lessen the carrying costs and stress. Don’t underestimate the overall value of “smart” improvements (i.e. updated wiring, new furnace, etc.) 

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