• Buying a Home,  Condo

    Things Condo Buyers Should Consider

    Buyers who are considering the purchase of a condominium should inspect the health of the home owner’s association before they close. The seller should provide the buyer all financial documents relating to the association in time for an attorney for the buyer to review them before closing.Here’s some advice from Leonard Baron, professor of finance at San Diego State University, about the information that the seller should consider: Does the association budget include money for operating expenses such as water, lights, elevator maintenance, and landscaping?   Is there extra money set aside in a reserve fund for long-term maintenance? If there is an outside reserve study, that should be provided.…

  • Home Decor,  Home Value,  Selling a Home,  Staging

    Bathroom Upgrades Pay Off

    More than 80 percent of new single-family homes have at least two bathrooms, which occupy an average of 300 square feet of floor space, or 12 percent of the total area, according to a study by the National Association of Home Builders. The home builder’s study reports a major return on value for extra bathrooms: “When the number of bathrooms is approximately equal to the number of bedrooms, an additional half-bath adds about 10 percent to the home’s value, and one additional bath adds about 19 percent.” A mid-range bathroom remodel, which costs $10,500 on average nationwide, repays a home buyer at least 100 percent of the outlay when the…