Home Renovations and Value — An Insider’s Perspective

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Last week, we wrote a post for the proud new owners of fixer-uppers. If your idea is to buy the worst house on the best block and dump a bunch of money into renovations, read on! Unfortunately, the market doesn’t care about specific accounting or how much time, money and effort you put into your remodel. It’s not a simple equation of home price plus renovation costs equals new, higher home value. When it comes to home renovation and value, here’s the

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Eight Tips for Buying a House During Times of Crisis

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Recession. Natural Disaster. Pandemic. These are experiences that put people to the test, and we all handle them in different ways. Some of us squirrel away every penny. And some of us… buy property! If you’re eyeballing the historically low interest rates and have enormous faith in your real estate agent, here are eight tips for buying a house during times of crisis. Spoiler — these insider secrets come from our very own Leonard Steinberg at Compass, who has put

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Renovations, Upgrades, and Market Value

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Here’s an unfortunate truth about the delicate business of pricing a beautifully renovated home to sell – it’s not necessarily a matter of simple arithmetic. It would be great if you could take your purchase price and tack on the cost of that renovation to get a starting number, but it just doesn’t work that way. When it comes to home valuation, the market simply doesn’t care about the specifics. What the market perceives as value isthe value. And that’s a

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Inherited a House? Why a Real Estate Agent is Your Best Resource

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The death of a loved one is enough of a challenge all by itself. But add an inherited home to the mix, and things can become overwhelming – fast. In addition to squabbles between heirs, attachments to a variety of “things” that may have been left behind, and emotions running on high, there can also be miles of red tape to navigate. So what’s the smartest first move? You might be surprised that an experienced real estate agent is the best person

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