December 18, 2007

Quality of Workmanship

For what single feature are all buyers most looking for? The National Association of Home Builders reported in a survey (What Buyers Want, National Association of Home Builders, 1989) that quality of workmanship in the appearance of all improvements ranked highest. A professional appearance in the finished product was valued more highly than the project itself.

In general, the cost of renovations that brings a residence up to par with other similar homes in a neighborhood can be nearly recovered at resale; over-enhancements may not be recovered. The results of national surveys are provided as an indication to valuation. These are national averages. Results vary from localities where low cost of construction is available to localities where cost of construction is high.

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