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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Lizzie Tudor who wrote (59767)8/11/2006 4:01:10 PM
From: TradeliteRespond to of 306849
 
Liz, I'm going to try to interpret your question into one that I often dealt with in the past and deal with myself, so here goes..........

I don't think costs of maintenance matter as much as they used to, when it comes to market value. The key thing is maintaining a home to a degree or point that you can live in, and that will be expensive in today's high-cost commodity environment.

You will NEVER get back the money you put into maintenance when you sell. You MIGHT get back some in capital improvements made to a home.... Which, of course, means you must consider what money you put into a home while living in it and trying to make it your dream home. Many things to consider--how much you want the improvement, how long you will live there......and never an easy decision.

Millions of Americans seem to be making this decision every single day, and that means major money or less money for a lot of retailers and contractors.



To: Lizzie Tudor who wrote (59767)8/11/2006 7:23:42 PM
From: MoominoidRespond to of 306849
 
Obviously in the Bay Area building material cost is least important as the proportion of the house price covered by land is greatest there. But the median US house costs only $215k or whatever and so land is a negligible part of the total cost in much of the country.