Connections - March 2009 - (Page 17) to factor in the costs of hiring that additional help so you’ll only be able to recoup 76 percent of the costs,” said Reese. Difference Between Investment and Improvement In a turbulent market it’s challenging to judge just how much a renovation may be worth. However, bathroom refinishes are a relatively minor improvement that can help break even on a sale. “Kitchens and baths sell homes,” said Reese. “It doesn’t have to be a major overhaul to add appeal in the bathroom. You can update the room with some fresh paint and get rid of the old oak vanities and ugly blue toilets. If you spend a $100 on a new toilet and paint the room, it can give it a whole new feel. You probably won’t get dollar for dollar back on an investment in tile in the bathroom. Tile can be hundreds of dollars to install, plus it will raise the room about a 1/2 inch off the ground so the toilet, vanity, bathtub and electric baseboards may also have to be raised,” said Reese. Keep in mind, if you’re going to overhaul the bathroom, keep it neutral. “It appeals to buyers and you can always spice up the color with accessories,” said Reese. “That means those old, ugly pink and black tiles can be updated with special paint to neutralize them.” LeAd Provide leadership that mobilizes business, community, education and government around a common vision of prosperity. ConneCt Create, multiply and magnify the networks of relationships that nourish prosperity. InnovAte Introduce new thinking and new approaches to accelerate progress and expand prosperity. March 2009 | Connections | 17 http://www.servicemagic.com/rfs/resources/media/viewVideo.jsp?vid=15 http://www.lancasterchamber.com
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