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Knoxville Home Maintenance Expenses |
How much will I spend on maintenance expenses?
Experts generally agree that you can plan on annually spending 1
percent of the purchase price of your Knoxville home on repairing gutters,
caulking windows, sealing your driveway and the myriad other
maintenance chores that come with the privilege of homeownership.
Newer
homes will cost less to maintain than older homes. It also depends on
how well the house has been maintained over the years.
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Where do I get information on remodeling?
Try these sources:
* National Association of the Remodeling Industry, 4301 N. Fairfax Drive, Suite 310,Arlington, VA 22203; (847) 298-9200.
* "Rehab a Home With HUD’s 203(K)," published by the U.S. Department of Housing and Urban Development, 7th and D St., S.W., Washington, DC 20410.
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Where can I get a list of architects?
If you need an architect, contact a local chapter of the American Institute of Architects or the national organization itself at 1735 New York Avenue, N.W.; Washington, DC 20006; (202) 626-7300. Also contact friends or colleagues who have recently worked with an architect for referrals. Take the time to interview several before choosing an architect.
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Improving The Value Of Your Knoxville Home |
How can I improve the value of my Knoxville property?
The biggest factor outside of a homeowner’s control is market conditions. But other issues -- including the condition of the property, specific home improvements and neighborhood stability and safety -- can influence property values.
The greatest rise in home prices occurs when the economy is strong and the number of home sales is increasing. Though markets vary, that has occurred several times in recent history -- including the early 1970s, late 1980s and late 1990s.
Specific home improvements can increase the value above the cost of the improvements.
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Return on Remodeling Jobs |
What kind of return is there on remodeling jobs?
Remodeling magazine produces an annual "Cost vs. Value Report'' that answers just that question. The most important point to remember is that remodeling a home not only improves its livability for you but its curb appeal with a potential buyer down the road.
Most recently, the highest remodeling paybacks have come from updating kitchens and baths, home-office additions and extra amenities in older homes.
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