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Value From Your Home
By John
Many home owners are interested in learning how to increase the valueof their homes when considering selling them. True to form there are asmany different ways to do this as there are people who have asked thequestion.One fantastic way to do this, however; is to install an income suite or in-law suite in the home. This bring a lot of choice to the table for a new home owner as they can get some help with the bills by renting the suite out or having family live there. Also this move makes a home very attractive to investors who are always looking for dual income properties.

If you have a decent portion of unused space in your home such as an unfinished basement or even a finished one that does not get used much anymore then you have the ideal space for an income suite. Start by making some plans for what you would like tom incorporate into the suite. How many bedrooms will there be? Where will tenants access the suite from and where should the kitchen be located. Unless your home is massive then you will likely be looking at the typical 1 or 2 bedroom plus den & kitchen suite. Also think about whether or not you

Naples and Southwest Florida Real Estate Is Hot!
There has never been a better time to Invest in Southwest Florida Real Estate! Collier County is ranked number one, and Lee County ranked number two in the entire State of Florida in Existing home (re-sales) sales ending February 2004. Collier County saw a 28% gain and Lee County had an 18% gain in sales of existing homes from February 2003 to February 2004. New home sales put Lee County number one in the United States for the 4th quarter in a row and Collier County number five. These figures are based on the number of new home permits issued per thousand people. We are seeing incredible appreciation figures, and rental rates are at an all time high. If you purchase a home in Southwest Florida, you should realize an unparalleled appreciation, and the figures indicate that, if you choose to rent your property out when you are not here, you should easily find a tenant. The Median sales price for the same period saw Collier County with a 42% increase ($273,100 to $389,000) and Lee County with a 31% gain ($130,500 to $170,000). Once again, these value increases show that real estate in Southwest Florida out paced most other forms of investment.
Collier and Lee County Sales Figures
The Berry Realty Group will update sales figures for Collier and Lee Counties on a weekly basis to make it easy to chart the incredible equity growth figures we are currently experiencing with no end in sight
Hurricane Charley Has Little Effect On Naples Florida Real Estate
Hurricane Charley certainly wreaked havoc on Southwest Florida, however the early warnings, the incredible emergency team response, and the best neighbors in the United States have made it look like we just had a little thunderstorm. Residents were prepared prior to Hurricane Charley, and they are prepared after Hurricane Charley. Neighbors were out bright and early helping each other clean up downed trees, and help each other out, leaving very little evidence that we just saw a category 4 hurricane pass through. Florida Power and Light had most resident’s power in no time, and the emergency response teams are second to none.

are going to give tenants access to the laundry facilities and if so then how will they access them? You must also find a solid estimate of the costs involved and how that will affect your asking price for the home. If the costs outweigh the benefits then it may not be a feasible idea. Also, think about how much the new owner will be able to ask for the suite. This will be an important number to an investor.

If you choose to go ahead with the suite then make sure that you are able to make the addition without breaking any permits or regulation from the area in which your live. Also be sure that you have enough money banked to take care of the renovations and still keep yourself afloat while they are completed and while the home is listed. Income suites are one thing that many of the top investors spend a lot of time looking for when searching out new properties in which to invest. Installing a suite is a great way to open your home up to buyers who would normally overlook it. 

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