The marketing team at Queen Anne HS has been keeping busy. They sent out an email survey asking for feedback on what prospective buyers liked and didn’t like about the property and now are offering buyer bonuses of $10k on "5 select loft homes for contracts written and closed on or before 12/31/06."
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Hi Wendy, a question for you (totally off-topic though)…
Do you think custom/built-in closets affect resale in any way? Is it worth the cost I’d have to put into a brand new condo?
Do you have any companies you’ve worked with?
Hi Dan:
If it’s purely financial decision, I wouldn’t invest in upgraded closets on a new condo. Whatever bump (if any) you get would probably be marginal. In general home improvements make the most sense if the existing property is really old or dated. In those cases, kitchen and master bath work can often be a worthy investment. New paint and floors can be high ROI as well if the current walls and floors are currently in bad condition.
See some more numbers on this here: http://www.seattlecondoreview.com/2006/04/economics_of_re.html
We are finding that buyer incentives are becoming more popular, as are auctions by developers who have paid back most of their bank financing and are seeking to recover the profit to roll over into their next project.
Come visit our site and join the Power Broker program…it is the least expensive and best exposre you can buy for your advertising dollar….US Condo Exchange (http://www.uscondex.com)
Interesting stuff here. Thanks for posting the article. I still am trying to digest everything that was mentioned in here and once I do, I’ll try to come back and post a question. Thanks!