There is no better time than now to be talking Real Estate. Whether buying or selling, Arizona is becoming a hot topic. The time is now…… inventory is at an all time low, down 42% from last March. That means there are fewer homes for buyers so prices are creeping up – on average we are now up 7% from this time last year. So if you are a seller and you price your home right it will sell fast. If you are a buyer then the time is now, get off the fence and purchase that new home before we see any more price increases or interest rates creeping up. I am experiencing multiple bids on well priced homes. That’s crazy! Don’t wait!! Call me today and let me help with all your real estate needs. Referrals are always welcome too. If You Plan to Buy, Sell, or Just Have a Question feel free to call me at 602.525.5565 or send an email to
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2011-2012 Cost vs. Value: Which Remodeling Projects Pay Off the Most?By Melissa Dittmann Tracey, REALTOR® Magazine When tackling home remodeling projects, you’ll find some projects pay off more than others at times of resale. Remodeling Magazine, in conjunction with REALTOR® Magazine, recently released findings of its annual Cost vs. Value report for 2011-2012, revealing which remodeling projects offer the biggest bang for your buck. Overall, the trend right now is replacement over remodeling–swapping out the old for the new rather than doing a total gut job, which can be much more costly. This year’s Cost vs. Value report found that exterior replacement projects–such as new garage doors and a new entry door–offer some of the best returns at resale, allowing home owners to recoup close to 70 percent or more of the costs of the project at times of resale. The following are the top, mid-range projects from this year’s report, based on what home owners stand to recoup at time of resale: - Replacing the entry door to steel
Estimated cost: $1,238 // Cost recouped at resale: 73%
- Attic bedroom (converting unfinished attic space into a bedroom with bathroom and shower)
Estimated cost: $50,148 // Cost recouped at resale: 72.5%
- Minor kitchen remodel (including new cabinets and drawers, countertops, hardware, and appliances)
Estimated cost: $19,588 // Cost recouped at resale: 72.1%
- Garage door replacement
Estimated cost: $1,512 // Cost recouped at resale: 71.9%
- Deck addition (wood)
Estimated cost: $10,350 // Cost recouped at resale: 70.1%
- Siding replacement (vinyl)
Estimated cost: $11,729 // Cost recouped at resale: 69.5%
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