What to Know Before Buying a Home
The experts at the new show Sleep On It have compiled a list of helpful facts and figures that potential buyers should know before they hit the streets to look for a home.
- A typical midrange kitchen remodel costs nearly $44,000 and can bring a return of about 90 percent.
- Ask about lead paint or asbestos in older homes.
- Tree roots can crack a driveway.
- Homes in premium condition sell for more, even in a buyer's market.
- Talk to homeowners in the neighborhood you're interested in for more information about the area.
- Most agents suggest that the No. 1 reason houses don't sell is price.
- In the western US, a basement remodel may return 108 percent on resale.
- Studies of magnetic field exposure from power lines show little evidence of an association to increased health risks.
- Forty-three percent of homebuyers rank proximity to a school as an important factor.
- Thirty-six percent of buyers prefer a separate shower in the master bath.