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M IC H I GA N

serving

Oakland County and the
Entire Metro Area

including Ann Arbor

Residential & Commercial

real estate >>

Buy
DELL
LEASE

MICHIGAN
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HOMEBUYER PROJECTS:

THE COST CONUNDRUM

MANAGE `

Os

Get RESULTS

www.MetroSold.com

Let our 100 years of combined experience and
knowledge guarantee the best possible outcome.

4000
,10011

WEL

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Jay Greenspan, Broker

Jgreenspan@metrosold.com

248-488-SOLD

, ,v. 1 11111

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MICHIGAN METROPOLITAN, REALTORS®

A DIVISION OF MICHIGAN PROPERTY MANAGERS

The FIRST YEAR in a new home:

2038550

•

!fi r

FIND YOUR PERFECT FLORIDA HOME
AND GET OUT OF MICHIGAN'S WINTERS!

75%

ini"--
(EYES REAL ESTATE

■

face a costly,
unexpected
emergency

THROUGHOUT SOUTH FLORIDA, INCLUDING BOCie BOYNTON, DELRAY,
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BROWARD
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57%

tackle more
projects than
planned

46%

spend more money
on home projects
than anticipated

410

51%

spend more
time than
planned

This data was collected from homeowner service requests submitted on HomeAdvisor.com between
January 2013 and April 2015. Additional data is based on a survey conducted among 647 homeowners,
of which 223 moved into a home in the last five years, by Survey Monkey between May 26 - 30, 2015.

LET AN OLD FRIEND BE YOUR
MICHIGAN-FLORIDA CONNECTION...

NINA S. SPINNER-SANDS

954-290-8,293

NINASPINNER-SANDS@KEYES.COM

Spinner:Yands

REALTOR

BUY • SELL • INVEST

2038630

Condo for Sale

Delray Beach, Fl Condo, 1300 sq. feet, 2 B/B first floor unit, immaculate, newer building,
screened patio, dog friendly, heated pool, walk around lake or to shopping.
Near beach. Furnished. $189,000. Monthy Fee $355.

Call Randee,748-884-8450

Ride with the #1
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With competitive rates and personal service, it's no

Reva Kuhel, Agent

28250 Southfield Rd

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Lathrup Village, MI 48076

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Bloomington, IL

40 October 29 • 2015

2043540

1

Repair Costs Add Up

f you're buying a home, there are
additional expenses you may want
to budget for beyond the down
payment and monthly mortgage.
Home projects, even small ones, can
really add up.
Recent data from HomeAdvisor, a
leading home services marketplace,
reveals that 75 percent of homebuyers
will face a costly emergency within
the first 12 months of moving into a
new home. From unplanned projects
to unexpected emergencies, most
homebuyers reported spending more
time and money on projects than
they initially anticipated.
The most frequent emergency
projects reported by homebuyers in
the first year of owning a new home
included blocked toilets and pipes,
a clogged drain, a broken heating
or cooling system and water leaks.
These unexpected projects can cost
homeowners anywhere from $199
to fix a clogged drain to $2,068 to
repair water damage according to
HomeAdvisor's True Cost Guide.
"To help prepare for these unex-

petted costs, homebuyers should
plan to spend 1 percent of their home
purchase price on repairs and emer-
gencies each year:' says Marianne
Cusato, special housing adviser to
HomeAdvisor.

Courtesy of State Point

Expensive Problems
• Cracked concrete in the founda-
tion: The cost for a structural engineer
to assess a property is about $300.
If the expert finds major structural
damage, the repair would be costly,
$10,000 to $30,000.
• New Roof: New roofs cost from
$5,000 to $12,000, depending on their
size.
• New Furnace/Air Conditioner:
New HVAC units cost about $5,000,
with high-efficiency models starting at
about $10,000.

Source: Bankrate.com