tina funkhouser – live from boise

Take a look at the February 2010 Ada County Market Stats. Based on current inventory levels and closings in the last twelve months, the price range in the Boise Metropolitan area with the lowest backlog of listings is between $300,000 – 349,000.

There are a couple of interesting hypothesis about why this is fact. Homes in this price range tend to have three attributes that I look for in a home for my clients to live and invest: Location x3, Functionality for the Masses, and Respected Residence.

The location of a home, including all the factors that are attached to the location of a home, is HIGHLY rated in retaining home value, no matter what type of economic environment. Whether the home is in the desired school district, livable neighborhood, or the lot has a view (including but not limited to a stable foundation) location is a strong emotional draw to all buyers. Desirable location is different for everyone, but it’s clear where the masses are drawn by the number of marketable homes.

Since indoor plumbing was invented, it’s a well known fact that much time is spent in bathrooms since we’ve moved from the outhouse. Home owners valued mid-range for our area make a conscious effort to incorporate functional bathrooms (notice ‘bathrooms’ is plural) in their living space, therefore attracting a larger demographic to their home when marketing for sale.

Last but not least, those who respect their residence by taking great care to complete seasonal chores, bandage woodworking, repair broken fixtures, and paint when necessary to abate any water damage will also be rewarded to a higher price per square foot.

If you have any questions to what “Honey Dues” are important to retain and even grow the value you of your most prized asset, please don’t hesitate to share!