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Baton Rouge Real Estate Home Prices Rise In October 2012

Baton Rouge Real Estate Home Prices Rise In October 2012 | Mortgage Lending | Scoop.it

Baton Rouge home prices rise in October - BusinessReport.com

 

Single-family home prices in Baton Rouge, including distressed sales, were up 2.7% in October compared to the same month last year, according to a new report released this morning by CoreLogic. Excluding distressed sales, year-over-year home prices were up 4.4% in Baton Rouge in October. Louisiana as a whole posted even greater increases in October, with home prices up 6.5% compared to a year ago, including distressed sales. Excluding distressed sales, the state saw prices rise 7.9%. Louisiana was among 45 states posting an increase in home prices in October, according to the report.

 

Read more from Business Report here: http://businessreport.com/daily-report/12042012/Baton_Rouge_home_prices_rise_in_October#ixzz2E6dtXx2Q


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Baton Rouge Real Estate, Not All Projects Help Increase Values

Baton Rouge Real Estate, Not All Projects Help Increase Values | Mortgage Lending | Scoop.it

Baton Rouge Real Estate, Not All Projects Help Increase Values from the Glenda Daughety Team Blog


Baton Rouge Appraiser Comment: I would certainly agree with these 2 articles.  The 3 major problems I see are homeowners wasting tens of thousands of dollars into their yards, which isn't an "investment" and can be foolish into thinking they're increasing their value, over improving and over building.   Adding slab granite counters in a subdivision where predominant home values are in the $100,000 range is not going to significantly increase value.  And, if the average home in your subdivision is 1,500sf, don't add that 700sf addition and believe you're drastically increasing the value of your home. 


Not all projects help Baton Rouge real estate values. Appraisals are an important part of the selling process an not all improvements will recoup the costs. So, what do you do when you are making changes to your Baton Rouge property? Think about what you are looking to achieve.


The most important thing to remember when planning a project for your Baton Rouge home is to evaluate your purpose. Are you making a change for you or to enhance the value of your home? If for you then it is more important to make changes that suit your needs. If you are making changes to enhance the value of your Baton Rouge real estate then you should give considerable attention to the expected return on your investment.


Continue Reading Glenda's Entire Article Plus the "Five Areas That Can Hurt Your Appraisal” at the link below


Source: Glenda Daughety Team Blog




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