Twin Cities remodel

Fixer Upper’s and Fixer Upper-er’s (Huh?!?)

  A Realtor’s Definition of a “7” (or a “3” or a “9”) vs. a Consumer’s [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.] Good Buyers’ agents don’t just qualify their clients financially, they also vet the...
Read More

Why Historical Cost + Improvements ≠ Fair Market Value (Usually)

Seller Misconceptions “Sunk Cost”:  a retrospective (past) cost that has already been incurred and cannot be recovered. —Wikipedia What Sellers paid for their home ” and how much they subsequently put into it (for improvements, updates, etc.)  ” are important psychologically.* And, depending on how much the would-be Seller currently owes on their home, the sum of their cost + improvements...
Read More

“Not a Flip,” Deciphered

Tackling the Big Stuff ” or Just Cosmetics? Occasionally, I see a listing agent who takes pains to assure Buyers’ agents in the “Agent Remarks” field on MLS (seen only by Realtors) that the home “is not a flip.” What’s going on? The listing agent (representing the Seller) wants Buyers to know that the home...
Read More

Splurge on Carpet Pad ” Not the Carpet

Interior Decorating Tip #34 If you want to give a Living Room or Family Room a luxurious feel, you could pop for an Oriental rug costing $2,000, $5,000 ” or more. Or . . . you could spend $100 or so to get an especially thick carpet pad to put under a more modest rug...
Read More

Remodelers Showcase: What’s in it for the Homeowners?

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

“Eyes Are the Window to the Soul” — Housing Market Version

Eyes may be the window to the soul. But, at least in the housing market — and specifically, when it comes to remodeled homes — it’s exactly backwards. Namely, the condition of the home’s windows frequently tell you everything you need to know about the quality (or lack thereof) of the remodel. Cutting Corners? Show...
Read More