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Update/Remodel Homes - Maximize Your Real Estate Investment

By
Real Estate Agent with CENTURY 21 Goodyear Green

"Payback Time"

 

Our Trade Magazine has just released the 2007 Cost vs. Value Report. This is an article I look forward to every year and would be glad to share with you. With many factors affecting the cost recouped on home remodeling projects, there are still a couple that stand out among the rest. Aside from upscale remodels, the kitchen and bath seem to be the most reasonable as well as bring the most consistent cost recovery rates of more than 80 percent. The important thing to remember when doing a remodeling project of any kind is to take in the entire scope of the property. "Are you adding value to one area that, in turn, devalues another area of the property?" is a question that should be at the forefront of the rehabber. Overall - just make sure your plans for updates will maximize your home's value. Your best resource for this is your local real estate professional. Please contact us for the full article on the "Cost vs. Value Report". Also - feel free to talk with me BEFORE you spend money on updates to make sure your plan is effective.

See other helpful tips at www.cmoorehouses.com/stagingchecklist

 

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