By Thomas Griffin
The true property Manager's Technical thesaurus contains 9 separate glossaries of technical phrases actual property or amenities managers come across while facing provider services and people within the development trades. a few 2,000 phrases particular to structure, simple engineering, contracting and extra, are outlined in daily language.
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Additional resources for The Real Estate Manager's Technical Glossary
But you don’t want to put in the extra expense. So you forget the roof and put your house on the market for $305,000. Then the buyer and the real estate agent come along. The home inspector tells them the roof is on its last legs 1 4 R E PA I R B E F O R E YO U R E M O D E L and they automatically knock off $10,000 and only offer you $295,000. Instead, you could spend the $5000 for the new roof, put the house on the market for $310,000, and you would most likely get it in a good market. The perception of the buyer is that a new roof has value.
Built-ins? Or a large-screen TV? As you contemplate both the functionality and resale value of your new family room, also consider these “must haves” for your addition: • A spot for a large (40 to 50 inch) television. Today you can buy a television the size of a couch. You need a spot for a television that size—even if you don’t yet own one quite that big. • Make sure you are wired for various media. That means you need at least one cable hookup in the room and at least one 4 2 A D D I T I O N S : S I Z E D O E S M AT T E R telephone jack.
All these variables help you determine the value of your home. You can also find out what your neighbors’ homes are worth by visiting your town hall. This information is public record, but depending on the town or city in which you live, it might be as simple as walking into the town assessor’s office and asking for the information, or as hard and unpleasant as a do-it-yourself root canal. If you’re really lucky, the information will be online. Why not just rely on what you can eyeball during your walks around the neighborhood?