Category: December

December
tpetcu

Wishing you a happy holiday season

During this special time of year‚ I want to express my gratitude for our relationship. My success is the result of strong partnerships such as ours.

Here’s wishing you and your loved ones a holiday season filled with peace‚ love‚ and joy.

December
tpetcu

A guide to renovation cost & return on investment

The National Association of REALTORS® and the National Association of the Remodeling Industry teamed up to calculate the estimated cost and return on investment for home remodeling projects. Share these numbers with renovating clients1:

  • Full kitchen renovation: cost estimate‚ $68‚000; estimated cost recovered‚ $40‚000; percent of value recovered‚ 59%.
  • New wood flooring: cost estimate, $4‚700; estimated cost recovered‚ $5‚000; percent of value recovered‚ 106%.
  • New garage door: cost estimate‚ $2‚100; estimated cost recovered‚ $2‚000; percent of value recovered‚ 95%.
  • New vinyl windows: cost estimate‚ $22‚500; estimated cost recovered‚ $16‚000; percent of value recovered‚ 71%.

As always‚ it is a pleasure staying in touch.

1Timothy Inklebarger‚ “Renovation return quick guide‚” Boston Agent Magazine‚ last updated October 10‚ 2019.

December
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Lot values on the rise

Rising land values are a major reason why new construction costs are increasing. That’s especially apparent here in New England‚ home to the country’s priciest lots.1 Take a look at these numbers from the National Association of Home Builders:

  • The median lot price in New England is $140‚000‚ dwarfing the national average of $49‚500.
  • Local zoning laws and low-density building requirements are the reasons for the high cost of housing lots.
  • The Pacific region has the smallest lots but the second most expensive at $87‚000. Lots in the East South Central region are the most affordable at $38‚000.

I hope you find this information to be helpful.

1Nastalia Siniavskaia‚ “Lot values hit record highs‚” Eye on Housing Blog‚ last updated November 11‚ 2019.