More than WHAT? My short answer to the question, “can I get more for my house if I put on a new roof?” is, “yes, you can.” That is, if by “more,” you mean, “more than what you could have gotten for the home without a new roof ” especially if the current one is...Read More
Key Variables: Which School? Which Buyer? Homes on busy streets typically fetch a discount. Is there an equivalent discount for homes located across from a school? (which, in a way, is really just a subset of “busy street” — call it, an “intermittently busy street”). I’ve never seen data on this, but I’d guess “yes.”...Read More
This Weekend (Sept. 27-29) in Twin Cities I certainly understand why remodeling aficionados — or simply the “housing curious” — would want to peek at the latest high-end remodeling projects in the Twin Cities. But, why would would the owners — who presumably just endured months (years?) of dislocation and inconvenience — want the world...Read More
Real Estate Marketing and the Art of Self-Selection Realtor conventional wisdom is that some Buyers prefer corner lots, because of the extra light (and one less neighbor). Meanwhile, others avoid corner lots, because of the additional street exposure, potential loss of privacy, and ” at least in Minnesota ” 4-5 months of extra sidewalk to shovel. Net...Read More
The Art of Comp Selection One of the trickier home features to account for in a Comparative Market Analysis (“CMA”) is a busy street. For a family with little kids, a busy street may very well be a deal breaker ” in which case the discount is theoretically infinite. At the other extreme, an investor looking...Read More
Your Adjective Here: “Sort-of-Stale?,” “Pre-Tired?,” “Slightly Dated?” A picture is famously worth 1,000 words. But, so is the right diagram. The one above (“Stale < ??? > Fresh”) perfectly captures my reaction to the two-story, 6,500 square foot home that I just previewed in Edina’s ritzy Parkwood Knolls neighborhood. Listed for $1.85 million, it features...Read More
