Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 5 · column 3 of 7 · from the scan, no model involved
Real Estate
Eileen M. Day REALTOR
IMPROVE OR TRADE UP?
It seems like elementary arithmetic. You add a $10,000 bedroom to your home. Your place is now worth $10,000 more, right? The cold fact is that the cost of a home improvement is usually greater than the value it adds to the property. Why is the outlay seldom fully recovered? Mainly because additions and renovations almost always cost more per square foot than building complete houses.
For many homeowners, the decision should be whether to fix-up or trade-up. Selling your place and buying another that already has that modem kitchen or garage might be the better course. To decide, you must consider the amount of profit you might make on the sale, what tax breaks you’d get on the higher proportion of interest to principal on the new mortgage, property taxes on the new place compared with those on your improved home.
Remember, it costs less to buy an improved an existing home than putting one in yourself. This is an important consideration in trading up.
If there is anything we can do to help you in the field-of real estate please stop in at EILEEN M. DAY, Realtor, The Clopton House, Washington, Va. 22747. Phone 675-3033. We’re here to help.
91.8%