Judy Peterson, RealtorDirect 610-889-5509
Cell 484-431-7195

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Berkshire Hathaway HomeServices Fox & Roach RealtorsDevon Home Marketing
Center, 431 W Lancaster Avenue
Devon, PA 19333

Home Improvement Investment Return

Home Improvement Chester County Philadelphia Main Line Area

The phrase that “All Real Estate Is Local” contains a lot of truth in Real Estate and especially for our Pennsylvania, Chester County Real Estate and Philadelphia Main Line area. We have a varied mix of home styles and home price ranges sometimes within neighborhoods.

Each year Realtor Magazine together with Remodeling Magazine* publishes their Cost vs Value edition with statistics on resale value investment return. These are Regional differences but It’s also true that Chester County may differ from Delaware or Montgomery County or style differences between Single Family Homes or Town Homes.

Good Lighting Deserves More Home Improvement Attention

My clients seem to be most impressed with Kitchens and Bathrooms and often comment on Lighting. Lighting isn’t on the list but in my experience it should be. When a home buyer says, “It seems dark in here”, it’s not good news for the Sellers home I’m showing. Especially here in the Northeast. Good lighting can punch up the WOW factor for a modest investment!

9 Top Philadelphia Area Renovation Projects*:

*Top 9 2008 projects being those where cost recouped was 60% or greater

Enjoyment, Investment or Resale Value?

Home buyers and sellers in Chester County Pa ask, “Will I get my money back if I finish the basement, or add a deck or renovate the kitchen or bathrooms?”

New construction is down dramatically in our region. So this might be a good time for some Home Improvement dreams to become a reality. You might be able to negotiate more now than when the market fully recovers.

Do be aware that Realtor Magazine does cite a 12% Annual Rate of decline on home improvement investment. So check in with the Professionals and choose wisely. Quality work and materials count in resale.

Contact or call me 610-889-5509, Judy Peterson Prudential Fox and Roach Realtors, Devon Home Marketing Center if you would like a professional opinion about your homes value and home improvement projects.

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