Your Home as an Investment
This post is NOT about Rent verses Buy … it’s about Investment … and the factors that determine how good, or not good, the investment in your home really is.
Owning
Owning a home is great for a sense of accomplishment and security, and maintenance and renovation can feel like “self improvement”.
Have Questions? Want guidance on the value impact of an upgrade? Call The Neal Team, Wally or Patricia at 602-931-1010 or 480-310-3700.
Owning a Home in ArizonaHome Upgrade & Renovation – What makes sense?
Short term only new paint and a thorough cleaning are likely to boost value more than the cost, but joy and satisfaction have value, too.
Same Property – Same Tax
Lower Property Values = Higher Assessment Rates Below is a chart from a report by the Maricopa County Treasurer that illustrates the average “Assessed Tax” per $100,000 of Full-Cash-Value (FCV) for the various cities in the metro-Phoenix area. Generally, the higher assessed tax exists in communities where the individual property values are lower, and vice-versa. … Continued
