Fun Facts and Inspiration for July 17
I apologize for the long gap in posting the Fun Facts and Inspiration, but the real estate market has been extremely busy!
“We are what we repeatedly do. Excellence therefore , is not an act, but a habit.” Aristotle
Did you know that…
Archaeological evidence shows that it dated back to 6,000 years BC. In the Middle Ages it was referred too as “sop” and consisted of roast drippings poured over bread. Today we know it as soup.
In the United States, every year, 20% of Americans change their place of residence.
Here’s a failure for you –In 1968 Dr. Spencer Silver was working to develop a super-strong adhesive. His creation was a dismal failure because it was a low-tack adhesive that barely stuck at all. A co-worker decided that the low-tack adhesive would work great to help keep his bookmarker in his hymnal. After realizing that there may be some merit to this creation, the two went and got some scrap paper to see how it stuck with the paper. The scrap paper they got was yellow. Today we know it is Post-It Notes.
Neither kangaroos or emus can walk backwards. For this reason they are both depicted on the Australian coat of arms representing “forward”.
In college he had the knick-name of P-Willy. We know him as Prince William, heir to the throne of Great Britain.
In real estate it is important to understand the pros and cons of preparing to list your house for sale. Yes, a home that has recently be remodeled will most likely sell faster and for more money that it would had it not been remodeled. However, when remodeling a home it is important to understand that you will not get a ROI dollar for dollar.
For example: A minor kitchen remodel in a mid-ranged priced home will cost approximately $20,000. The resale value of that remodeling will yield you $16,470. An average bathroom remodel on a mid-ranged priced home can cost $17,704 and yield a return of $13,000. Its important to keep this in mind when listing your home. If you home is in need of updating, it might be wise to simply figure out the cost of the projects and reduce the price of your home accordingly. There is one exception to this that I will stress. There are some projects that need to be done, such as a roof that leaks.
If you are thinking of buying or selling, talk to a real estate professional – talk to a REALTOR® who can give you the information you need to make an informed decision.
As always, if I can help with any of your real estate needs, please feel free to text or call me at 301-712-8808 or email me at RolandLow1@gmail.com.