Homeowners seemed to scale back or put their improvement projects on hold in 2009 due to uncertain economic conditions and threats of job loss. In 2010 however, things seem a little brighter. “Last year very few people were talking about refinancing,” says Heather Myott of Coldwell Banker Mortgage, “Homeowners are now feeling more confident and recognizing the interest rates are still in their favor to consider the projects they put off last year.”
Homeowners certainly have incentive to plan their projects out this year with favorable interest rates and Tax Credits of up to 30% for energy efficiency products purchased by December 31, 2010. From water heaters to replacing windows and doors – investing in your home now may pay off more than you thought. For a break down of tax credits, be sure to visit EnergyStar.gov.
Remodeling Magazine produces the Annual Cost vs. Value Report to help homeowners see the value in making home improvements that will improve the resale value of their home. The report breaks down projects by type and scale, as well as by region and city. An itemized breakdown shows an average cost of window replacements is vastly different in Burlington, VT then in San Francisco – likewise, so is the estimated value of those repairs at time of resale.
What are some of the projects you have planned?
Use this Remodeling Magazine: Home Remodeling calculator to estimate costs & value of your next project.
Coldwell Banker Hickok & Boardman Realty is a full service Burlington Vermont real estate company providing home buying or home selling services, Relocation services to or from Vermont, and rental assistance to tenants and landlords. Our Concierge Home Services program assists home sellers with preparing their property for sale and also provides our clients with access to a network of Vermont home service providers. We have a more than 55 educated and experienced Vermont real estate agents from which to choose, combining the strength of a prominent national organization, like Coldwell Banker, with the local expertise of a leading Vermont real estate company, Hickok & Boardman. If you want to buy a home in Vermont, sell a home we are large enough to meet your needs, yet small enough to provide the excellent, personalized real estate service you deserve.