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Market Conditions in 19148 : Real Estate Advice

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  • Local Info1
  • Home Buying13
  • Home Selling8
  • Market Conditions3

Activity 3
Mon May 26, 2008
Robert Worthington answered:
I think it may be a good idea to have your home appraised before taking another loan or spending 20k. It's few hundred dollars but well worth it to protect yourself from a 20k loss.
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Mon May 26, 2008
Jeremy S. Hill answered:
Brandi,

A number of things can happen within the next 5 to 8 years. You may have a change in circumstance which may require you moving.-No one can accurately predict where the housing market will be some years from now regardless on whether the casino comes or not. What you should decide is whether you will make a business or an emotional decision. If you are thinking business take a look at your mortgage. How much will your principle balance be 5-8 years from now. If emotion take a look at
your kitchen and think of how much you will enjoy entertaining family and friends in it. For what its worth you can make major improvements like new cabinets, tile floors, recessed lights and etc.,, for a moderate costs. It all depends on where you purchase your materials and who you have perform the work. I redone my kitchen this pass winter. I put out about $17k. What I accomplished could of easily costs over $40k if I did not do any research. Feel free to call me anytime direct. I'd be happy to assist you. Information is free. 1-888-818-0957
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Mon May 26, 2008
Jim Johnson answered:
The amount you put into a remodel should be based on what is customarily found in homes in your neighborhood. In example, putting Italian marble floors into a home in a neighborhood of median priced tract homes would not be advisable.

Time is also not a particularly relevant factor. In the example above, the Italian marble floor remains what it is in a neighborhood full of linoleum floors with the occasional tile floor upgrade.

You can get an idea of the value you may be able to recoup from your investment at the URL below.
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