Real Estate News: Building A Home Office: Return on Investment

City of Hialeah - Miami Dade County

The fifth largest city in the State of Florida with an area of 20 sq. miles and a Class 1 Fire Department. Hialeah has access to most major thoroughfare - linked by I-95, I-75, the Palmetto and Sawgrass Expressways, and the Florida Turnpike. It is home to Hialeah Race Track and rich with investment opportunities for apts, homeownership, retail and the manufacturing sector. Mayor Julio Robaina serves as strong mayor. His vision to encourage business growth and quality of life for the residents maintains the City of Hialeah as one of the most desirable and stable community in Miami Dade County. See all the details at www.hialeahfl.gov

3/19/2010

Building A Home Office: Return on Investment

20% of Americans do some or all of their work at home. For them a comfortable, functional home office is a must-have. It is a feature that’s growing in popularity. The National Association of Home Builders conducted a study which yielded 94% of respondents said that a home office would be “critical” or “very critical” as a feature in their home buying.

However, even though a home office adds comfort, convenience, and salability it is not among the top projects for adding home value. It ranks last among the 21 midrange projects analyzed in Remodeling Magazine’s annual Cost vs. Value report recouping only 48% return on investment.

Therefore if you are planning to sell, analyze well the importance of the space to be use for a return on your investment. For more information email me at: mbracket@hotmail.com