Welcome to the New RealTown! Submit Feedback
Member Login | Join RealTown
The Real Estate Network

Real Estate Bits and Pieces

Blog by Susan Pruden
Cheverly, Maryland

Informal observations about Prince George's County Real Estate and happenings around our local area. I'm Susan Pruden, in Cheverly Maryland and I welcome your comments and participation.

Subscribe

Your E-mail Address:
Subscribe to:

Recent Comments

RE: Pride of Ownership Makes A Difference
Great point, Mr. Mogul! I was also thinking about...
RE: Pride of Ownership Makes A Difference
I agree with the fact that pride of ownership is e...
RE: Remodel or Sell?
I have been involved in the rehabbing of two homes...
re: Getting In the Door
I am key challenged too.  I think it is a hei...
re: Getting In the Door
Not sure if my first comment was property posted s...

Site Feed

RSS Feed

Home Improvements

Remodel or Sell?

Wednesday, January 14, 2009
Categorized in: Home Improvements

Remodeling Magazine has released the 2008 Cost Vs. Value Report. If you head for the site to see what remodeling projects will give you the most oomph in resale value, we’re in the South Atlantic Region.

Of course, remodeling shouldn’t be just for resale. Your project should make the house more of a home for you and your family.

Either way, it’s an interesting report to read.

 

(C) 2009 Susan Pruden.

Pride of Ownership Makes A Difference

Sunday, January 11, 2009
Categorized in: Home Improvements
Tagged with: repairs, selling

While reading a blog post by Greg Swann, a real estate agent in Phoenix, I found myself musing about repairs, maintenance, remodeling and how the timing of those repairs relates to selling.  What I mean is this -- nothing screams louder to a buyer than a bunch of fix-up and repairs done right before a house goes on the market, particularly when it's obvious that up until these repairs, no maintenance was done.

 

If a house has been neglected for years, all the fix-up in the world can't mask that fact unless the seller can completely remodel the house. Even if the furnishings are old, if they've been well maintained, it shows. We agents refer to it as "pride of ownership".  Most of us recognize "pride of ownership" within moments of walking into a house.

 

I sold a house a couple of years ago that had the original wood cabinets in the kitchen (maybe 40 years old) and they had been so well maintained that they just gleamed. Another way to recognize "pride of ownership"? Check those places that visitors seldom see, like the garage or the basement.

 

Funny thing is, sellers who have neglected their property and end up doing lots of updating and repairs right before going on the market are often cheap about the repairs and disgruntled when buyers don't appreciate them enough. Sellers who maintain their houses throughout their ownership always seem to worry that the condition just isn't good enough for the market. And it's a given that the second owner will get an offer first and for a better price.

 

There are very few investments that improve with neglect. A house is definitely not one of them. Does your house reflect pride of ownership?

 

(C) 2009 Susan Pruden.

Remodel or Sell?

Sunday, June 22, 2008
Categorized in: Home Improvements

I'm so-o-o far behind in my reading -- I'm trying to catch up on articles I bookmarked months ago. I came across this little gem from early May.

The Washington Post had an article in the Real Estate section called "If You Can't Sell the Home, Why Not Remodel?"  The gem came at the end of the article, in the form of a website called RemodelOrMove.com, with all kinds of calculators to play with. (I love playing with calculators like these.)

Another website that sort of goes hand-in-hand with this is CostVsValue.com from Remodeling Online. The Cost Vs. Value Report describes the average cost of a whole variety of remodeling projects, the amount that it may add to your resale value and the percentage of the cost that would be re-couped. Keep in mind that these numbers are averages over very large areas of the country, so your mileage may vary. However, it's a great place to start.

(C) Susan Pruden.

The Cost of Deferring Repairs

Saturday, May 31, 2008
Categorized in: Home Improvements
Tagged with: maintenance, repairs

We all defer some maintenance on our houses -- I have a small hole where a gutter nail has pulled out of the wall several years ago, when our apple tree fell over and brushed the corner of the house. I knew about it and we just haven't gotten around to it. Sure enough, during the gully-washer of a storm, the gutters were full of debris and the ceiling in my home-office developed a leak. It would have been cheaper to just fix the blasted hole when we first found out about it -- now we have to fix the ceiling as well.

But keeping up with the maintenance of a house can be a daunting task. It's not the money, as fixing this particular problem is more aggravation and time-consuming than expensive.

Of course, it sure is more expensive now.

(C) Susan Pruden.

Cheverly Goes Green

Monday, March 31, 2008
Categorized in: Home Improvements

Congratulations to Lance and Melanie Hartwig-Davis, who were featured in this past week's Gazette for being the first of three families who have earned the Cheverly Green Home Certification. Craig and Janet Tupper and Dave and Casey Kneipp have also earned the certification.

Visit Progressive Cheverly's Green Homes pages for more information. You can download the qualification sheet to see if you too have a green home. Perhaps you just need to make a few changes and you'll be able to earn the certification yourself.

It's good for the earth to take these steps and it doesn't hurt re-sale value either.

(C) Susan Pruden.