Fred Filsoof of Coordinated Properties:Ensure Remodeling Pays Off

FOR IMMEDIATE RELEASE
new york city, New York, United States of America (Free-Press-Release.com) August 28, 2010 -- That's because while buyers might appreciate enhancements like Jacuzzis and Sub-Zeros, they won't tolerate a house with a leaky roof or antiquated plumbing. "If a property is known to have issues, today's buyers won't even look at it," says Austin real estate appraiser Jim Amorin.

And trying to keep problems a secret can cost the seller big-time. If buyers discover them during inspection, it's now common practice to ask sellers not only to pick up the tab for the repair but also to pay a penalty to compensate the buyer for the inconvenience of having work done.

McMansions have gone the way of the SUV and large additions don't pay off either. There's been a fundamental shift toward quality over quantity.Having a big, formal living room plus an everyday family room is less desirable than having one multi-use common space. So rather than adding on, sellers are better off repurposing existing square footage by reconfiguring the floor plan or capturing unused basement or attic space.

Some green improvements pay sellers back long before they sell their house. Install energy-efficient features, such as EnergyStar appliances and extra wall insulation, and buyers will see lower energy bills every month.

During the boom, sellers could be the first on their block to have a luxury kitchen, spa bathroom, or in-ground pool and count on others following suit. Nowadays that fudge factor is gone. Sellers really have to keep their house's amenities in line with the neighborhood now.

"As with any volatile investment, the longer your time frame, the lower the risk. Don't take on a big project if you're likely to move in less than three to five years. There's just too much chance that any money you put in-aside from necessary repairs or superficial cosmetic work-could be lost while the housing market continues to meander," said Fred Filsoof.

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http://www.fredfilsoof.com

About Fred Filsoof

Mr. Filsoof also has been active in numerous civic and charitable organizations-a former regional board member of UNiCEF, Honorary chairman of NRCC Business Advisory Council, a supporter and organizer for Red Cross blood drive, an active supporter of Atlanta Ballet. Mr. Filsoof was appointed to the planning Board of Professional Children's School of new York City during May 2010. He will be directing the school's efforts in fund raising,grants and corporate sponsorship for school related growths and scholarship. In May 2010 Mr. Filsoof was appointed to the executive Board of Yangtze Repertory Theater Of America in NYC. The organization has received the highest national and international recognition. Mr. Filsoof's company has been distinguished by Highest Industry awards and Honors. He has been a frequent guest speaker at real estate symposiums and meetings throughout the area and he has been a consecutive member on "THE LIST" of Atlanta's Top Commercial Developers.

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