| Paying your basement some much needed attention can help sell your home, maybe not for a higher price, as you will discover in the below article, but it can help your home shine above competing homes out there.
In this competitive real estate market, buyers are really doing their homework in considering future costs when purchasing a home. It is not just about having a great floor plan and a nicely remodeled kitchen. With this cautious economy and without the government’s tax credit promise, now more than recent years buyers are really looking at future home maintenance as a critical factor when purchasing a home. And you guessed it, a musty smelling basement brings the promise of moisture, mold, mildew, and an unknown expense hanging as a huge question mark over a prospective buyer’s head. Unknown expenses are something that buyers just don’t want to tackle in this economy. A wet or musty smelling basement is a fast way to make buyers RUN away from your home. If you are going to put any money into your basement, the most important thing to do first is eliminate moisture problems. If you are planning to finish off all or part of your basement, make sure the work is done correctly to avoid future moisture problems that can ruin your walls, carpet, and other materials and furniture used in the finishing process. If you have minimal budget, I’d say a clean, dry, bright unfinished basement is more appealing to buyers than a musty smelling finished basement that may be hiding mold and mildew in now unseen places. We have often heard home inspectors list these relatively low cost and easy ways to help moisture problems in basements: extending your downspouts away from the house, fixing or replacing leaking gutters, sloping the soil away from the house, sealing off any cracks that may be allowing rain water into your home, painting the cement walls with Drylock paint, and of course, running a dehumidifier. There are many factors that can contribute to water in the basement, so please let us know if you need more information on how to safeguard your basement from moisture, by responding to this post at the bottom of the page, calling 585.752.9453 or emailing TheDuBoisTeam@nothnagle.com. Here is an article from Realtor.org on bringing out the best in your basement. |
 Basement - Before  Basement - After |
Archive for the ‘Home Sellers’ Category
How Your Basement Can Help Sell Your Home
Wednesday, August 25th, 2010Senate Votes Yes for Tax Credit Closing Extension
Monday, June 21st, 2010Anyone with an accepted purchase offer to buy a home awaiting closing that is trying to make the June 30th closing deadline for the tax credit will be interested to hear:
The Senate approved an extension of the June 30 deadline to CLOSE home sales until September 30 in order to qualify for the Homebuyer Tax Credit. The tax credit will still be $8000 for first time buyers and $6500 for existing homeowners.
The bill in which this amendment is contained, however, is still awaiting a vote of the full Senate, and then the job and tax bill that contains the amendment must have differences resolved with the House version of the bill before the change can be signed into law.
January 2010 New York State home sales up from year ago
Tuesday, March 2nd, 2010This just in from the New York State Association of Realtors.
My summary: NY home sales continue to climb – both in the volume of homes sold and in the median sales price!
Translation: You hear a lot of talk about the real estate recession and poor housing market. My advice is to take a look in your own back yard instead of listening to national forecasts and experts talk about the slump. Rochester are real estate is ahead of the game. What I get from this article? Optimism and opportunity!
Rochester Real Estate: Q3 2009 Report
Monday, November 16th, 2009The 3rd quarter housing report is out from the National Association of Realtors… Rochester real estate average price is up 6.9%. Congrats Westside! Brockport +10.23%, Spencerport +2.57%, Hilton +8.55%, Gates 14606 +23.35%, and Churchville +17.47%. Here is a link to the full report for Monroe County. If you are interested in learning about additional counties, or have a question on this report, feel free to respond to this post, or contact me at 585.752.9453 or michael.theresa@prudentialdiscover.com.
http://www.theduboisteam.com/real-estate-tips/docs/rochester-real-estate-Q3-2009.pdf
Regards,
Theresa Du Bois
585.752.9453
michael.theresa@prudentialdiscover.com
Become our Fan on Facebook and Follow us on Twitter for the latest real estate news and tips. Search under “The Du Bois Team”.
