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The Pride Of Home Ownership



S


ince the early 20th             school, they sought employment    
century, the concept of the     with a local company and          
American dream was              virtually stayed on board there   
introduced into society in the        until retirement. Like wise, most 
United States, whereby each and       stayed married to one spouse all  
every family was encouraged to        their lives. Today, many people   
purchase and own their own home.      are contract employees who work   
That dream still continues with       with a company for a few months.  
each succeeding generation.           If hired full time, they may only 
                                      stay two to five years before     
When starter homes were first         getting a new job and relocating. 
introduced at the era beginning       In addition the high divorce      
the American dream, they were         rates today also contribute to    
rather simple structures.             home turnovers.                   
Oftentimes, they were two bedroom                                       
bungalows with a full basement        No matter how long or shortlived  
and one single bathroom. Parents      in their homes today, people      
raised families from birth to the     express themselves about who they 
empty nest period, and still          are through their homes. This can 
continued to reside in these          be everything from the design and 
homes until their retirement.         location of the structure itself, 
                                      to the individualization of the   
Today, it's not uncommon for the      rooms inside the home through     
average tenure for residency to       decoration. Home exteriors make a 
be a mere five to seven years,        statement through curb appeal as  
perhaps even less. Social factors     passersby look at the landscaping 
enter into the equation here as       and artistic designs put forth by 
times have changed since the          the homeowner.                    
early 1900s. Back then, when a                                          
person graduated from high            With so many fine products on the 



market today relating to home         60% of the investment costs,      
hardware, it has become an            especially if the house is in a   
adventure to shop for home            declining neighborhood.           
decoration items, as well as                                            
everyday hardware that expresses      New kitchens and baths can be a   
uniqueness and personality about      good investment if the existing   
the home and its owners. A well       kitchen and bath are just plain   
maintained and designed home not      ugly. They can cost roughly $3000 
only adds beauty and charm to a       to upgrade, so recovering these   
home, but also adds value and         costs depend on the house, the    
often even convenience with the       neighborhood, and the average     
many items available today.           comparable sales of similar homes 
                                      within the proximity of the home  
If home occupants only plan to be     for sale. In most cases, a new    
in the home for a couple of           kitchen and bath is a recoverable 
years, is it worth the expense        expense.                          
and investment of doing major                                           
upgrades to the home? The key         Recovering the expense of a new   
here is the keyword "major"           roof is taken on a case by case   
upgrade. Usually inexpensive          basis. If the roof leaks, replace 
upgrades such as painting and         it now. Every time it rains,      
adding flowers to the landscaping     structural damage occurs that     
add to the curb appeal and reward     errodes the value of the home. If 
the homeowner with neighborhood       the roof doesn't leak yet, but    
image and faster offers, thereby      shows its age when observing it   
reducing the number of days the       from the ground, replacing it is  
home is on the market. For            probably worth the expense as     
expensive upgrades such as            many would be buyers may decide   
finishing unfinished basements,       to keep looking if the roof       
one can be lucky to recover 50 -      concerns them. If the roof looks  



good, then replacing it probably      home will deteriorate and         
won't be a recoverable cost if        decrease its potential value. In  
the roof has some years left on       the extreme case, the structure   
it.                                   can become so deteriorated that   
                                      it would be beyond repair, making 
All in all, a well maintained         the best option to level the home 
home is a safe home that will         and build a new structure on the  
continue to reward the homeowner      site.                             
with a return on investment.          

                              
Improperly taken care of, the         




About the Author:

Mark Bishop has studied real estate, particulary residential real estate. He enjoys touring different neighborhoods and valuating homes, as well as home restoration projects. Visit http://www.DeerLodgeHomewares.com for some decorating ideas, as well as home conveniences.


Read more articles by: Mark G Bishop

Article Source: www.iSnare.com


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