In talking about green improvements, the subject of rehabbing a property in general came up. The question was basically, "What really adds value and attracts buyers and what's just a waste of time and money?"
Well, first, let's be honest. When it comes time to sell a property, what you've put into it is not going to come back to you as a 1 to 1 ratio. In other words, $20,000 in improvements does not mean $20,000 more at closing.
The ratio goes up and down with the market. In 2007, you could expect to pick up about 70 cents for every dollar you spent on improvements. In 2008, that was down to 67.3 cents. Location is also a factor. If you're out in San Francisco and stick a deck on a property, which is the improvement of choice for that locale, you're…
1177 Views, 0 Comments