ReCap

December
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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.

Uncategorized
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Bay State solar users match national savings

With winter’s chill setting in‚ solar power’s benefits may be the last thing on Massachusetts residents’ minds. However‚ new data from home energy company Sense may have homeowners considering a solar installation.

  • Bay State solar users save an average of 67% on their energy bills (working out to $1‚075 annually)—matching the national mark.1 Some Bay State electrical utilities also offer “net metering‚” which pays back users for power generated.
  • One surprising advantage in the Northeast: Cooler weather allows solar panels to run more efficiently.
  • Homeowners in New Hampshire (offset 76% of their utility bill) and Vermont (70%) especially benefit from solar‚ topping sun-drenched Arizona (66%).

For more information‚ visit Mass.gov.

1“Will solar save you money? Sense data reveals that potential savings depend on where and how you live‚” PR Newswire‚ last updated November 5‚ 2019.

December
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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.

November
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Thankful for your partnership

In honor of Thanksgiving‚ I want to express my appreciation for partners such as yourself. I am thankful for your support and the relationship we have.

I look forward to what we can accomplish in the future. Until then‚ here’s wishing you and your loved ones a happy and festive Thanksgiving.