Fascinating information for anyone concerned about their home’s value. Falls in line with some recent research I cited here, that indicates home repair is more financially rewarding than major remodels. The key here is that the slow rebound for the housing market may make it difficult for you to sell your home anytime soon.
Key excerpts from the article:
Across the region, “prices are beginning to stabilize and some neighborhoods are turning the corner,” Glascock said. “If you have a house in Hyde Park, Mariemont or Madeira that’s move-in ready, it’s going to sell for more than you think.”
But if you’re in a neighborhood where most homes are in need of renovations or are not move-in ready, Glascock said prices likely remain down 8 and 9 percent over last year.
Drives home the point that home maintenance and repair is the best formula for success in prepping your home for sale. Read the entire article here: Experts: Slow rebound for housing market.
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