Click Here

REALTORŪ Magazine Online: The real estate professional's business support tool.

OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Daily Real Estate News  |  December 7, 2010  |   Things to Consider Before Doing a Remodel
Because contractors continue to have difficulty finding work in many parts of the country, many home owners are enjoying home-remodeling bargains.

Before signing a contract, here are some things Tara-Nicholle Nelson, author of "The Savvy Woman's Homebuying Handbook" urges people to consider:

· When the market is flooded with properties, buyers are frequently unwilling to pay for upgrades, although an upgraded home may sell more quickly than a dated one.
· Sellers concerned about guaranteeing a remodeling return on investment should focus on preserving the value and the likelihood of resale instead of on aesthetics.
· Don’t overbuild. McMansions have fallen out of fashion.

Source: Boston Globe, Tara-Nicholle Nelson (12/06/2010)

Browse all of today's news
E-mail this page to a friend
Give us feedback

Search news
Launch my search
 
Subscribe to news
Subscribe to News
Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns.

RSS Feed
Get the Daily Real Estate News delivered straight to your desktop or news aggregator. (New to RSS? Learn the basics here.)
 
 
SHARE YOUR INSIGHTS
How did you sell it?
Tell us how you overcame hurdles to sell a challenging or very unique listing!