Monday, February 22, 2010

HOME IMPROVEMENT....Boomers.....Seniors
Are you wanting, in need of, improvements but are afraid, scared stiff about doing anything? The uncertainty of the economy, value of your home, lack of cash you stymied???

Well....take heart!!!!

FDR's comment after Peral Harbor:
"the only thing we have to fear, is fear itself" was made, of course, to bolster peoples feelings. Alto this is not WWII, the statement is very applicable today concerning your home improvements.

The sky is really not falling, Chicken Little; well, not all of it anyway, and not necessarily your part folks. What is required in overcoming these "fears" is a redirection in one's thinking. Yup...the "rules" got changed on us and no one bothered to tell us, but now knowing these new rules, they can be dealt with. The "home improvement game" is still safe, fair, and worthy of playing.

New Rule #1: A redirection of assessing home improvements from the traditional "value-base" of increasing the resale value of your home. With this new rule of home valuation, this approach no longer applies. What ever you might do to increase your homes value is not going to pay dividends any time soon. Lenders are not going to give you additional credit for such. Yes, doing such might increase the likely hood of a sale, but you are probably not going to recover the cost. You are stuck in a bottoming, depressed value market that is not going to change in the foreseeable future.

New rule #2: You can't just figure that you can sell and get something different; move up/down as necessary.
a) If your home would sell, it's going to take quite a bit of time to do so if you want to get your price. The problem here is that you are stuck in an auction/short-sale driven market in which you can't win. People are wanting a "steal".
b) You have no doubt lost a TON of equity. This cuts heavily into your re-investment capability.
c) Finding exactly what you need w/o having to make alterations/improvement any way is doubtful.

SO.....What do you do.....

New rule #3: The "value-base" of your home now need to be directed to maximizing its livability for you; meeting your life-stlye requirements. You need to adjust your home to one that works for you in meeting your day-to-day and future needs. Further, such actions will greatly enhance your ability for living independently and aging in your current home

Also: things become more valuable if increased benefits can be acheived through incremental modification to the same base element. Such can be the case with your home. Subtle home improvements can gain benefits greater than their cost, especially if directed to "essentials" vs. "luxuries".

By understanding and applying these new rules, you can overcome the fear. And as I said.....Take Heart!!!!.....You do not have to tackle these by yourself. I can walk you through this new direction and assist in your "due-diligence"; show you where and how to acheive this new "value-base"

So...Alice!! Step through the looking glass. DO step through the fear. Obtain a new confidence. Feel good about your home.
CALL ME!!!! 714-731-3567

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