Ask David

Does a fence add value? Retrospective appraisal?

Dear David, I am wondering whether a fence adds to the value of a home?  – CURIOUS DEAR CURIOUS: The quick answer to your question is yes, especially if you have a larger property. What I have found over the years, is that buyers have an easier time appreciating the true scope of a property

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“Freehold” Fees, Closing Costs?

Dear David, They said it was a freehold townhouse, and now we find out there’s a $90 fee every month. – SURPRISED DEAR SURPRISED: Quite often, town homes are listed as “freehold” when in fact they have an associated fee. This is the bane of my existence. Like you, I wouldn’t typically expect a freehold

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Rent Increase, Unsuccessful Buyers

Dear David, We own a rental property and just had a long-term tenant move out. Can we increase the rent? – LONELY LANDLORD DEAR LONELY: The quick answer is yes. As a residential property owner, the loss of a long-term tenant can actually be a good thing. When a client tells me their rental property

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Electric Heat, Stuck in a Commercial Lease

Dear David, I have a townhouse with electric heat. I plan on selling it in five years. I’ve received a quote of $12,000 to install gas heat and air conditioning. In your opinion, would this be a worthwhile investment? – ZAPPED DEAR ZAPPED: The quick answer is yes. Switching to gas will obviously lower your

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