By Melissa Dittmann Tracey, REALTOR® Magazine

Home buyers may be so swayed by the home’s appearance and price that they may be missing out on researching some other important factors about the home that may keep them happy there for years to come. Articles in U.S. News & World Report and the Community Associations Network highlight some of the most common areas that buyers’ are overlooking in their home purchases.

Some of these overlooked areas include:

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By Samuel B. Richter, Prudential Douglas Elliman Real Estate

Custom window treatments are an easy, affordable addition to every home and they increase property attraction, extra value, and increased sales price for the seller of every residential or commercial property. In addition to protecting the premises from unwanted “peekers,” window treatments give the home or business a warmer feeling.

Custom window treatments include blinds (mini, vertical, horizontal, wood), honeycomb shades, shutters, upholstery, and top treatments. If you want to accent your shades and blinds, you may wish to consider swags and jobots (pronounced je-bows), matching bedspreads and valances. Valances are fabric placed at the top of the window, above a window treatment if present, adding height to the window. They provide an elegant finish to any room, with or without window treatments.

Which window treatments should you choose? That is a matter of personal choice. However, here are some helpful tips to help with your decision: Continue reading »

By Melissa Dittmann Tracey, REALTOR® Magazine

Kitchens and bathrooms remain the top jobs home owners are taking on in remodeling projects, according to a new survey by the National Association of Home Builders.

The top remodeling projects of home owners, according to the latest survey of remodelers, are: Continue reading »

By Melissa Dittmann Tracey, REALTOR® Magazine

Foreclosures left abandoned for weeks, months, or years at a time can take a big toll on nearby home values. In the end, everyone in a neighborhood can feel the fallout.

Can some of these foreclosures be saved? Investors in recent weeks are certainly snapping up foreclosures in bulk and turning them into profitable rentals. But what about some of the foreclosures left lingering … the ones that no one seems to want?

A Morgan Stanley’s analyst recently estimated that nearly 95 percent of distressed homes are in such bad shape and not even suitable for renting.

In Detroit, which has been plagued by foreclosed homes the last few years, firefighters there are proposing a controversial new plan: Let the homes burn.

If the vacant building is more than 50 percent on fire and does not pose a risk to nearby structures, they propose to let it burn, and in the meantime, help save the city money … and maybe save nearby property values too?

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