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WELCOME to my blog page! If you have any questions concerning real estate, call me at 573-761-3485, or email me at hankvogt@yahoo.com , or visit my website at http://www.hankshouses.com/ . Thanks for stopping by, and come back often for information, tips, and news concerning the real estate market in Jefferson city!

Friday, February 6, 2009

Remodels hold value better than home prices

The Right renovations pay off in slow market
Remodeling Magazine's 2008-2009 Cost vs. Value Report, produced each year in conjunction with Realtor Magazine, contains good news about the value of remodeling projects.

The recent Cost vs. Value Report showed that renovations on a nationwide basis held their value better than home prices did in 2008. According to the National Association of Realtors (NAR), home prices declined 7 percent in 2008, while the value of homeowners' investments in remodeling dropped only 2.8 percent in 2008.

During slow real estate cycles, many would-be sellers postpone their move and remodel instead. This makes sense as long as the projects are selected carefully for maximum return on the investment. It's important to avoid renovations that would overimprove the property for the neighborhood. Read more here....

February Home TIp


A kitchen makeover can yield a great return when deciding to sell your home. Even small improvements like a new stainless microwave or lighting can be highly appealing to home buyers.