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Hudson
Valley NY Real Estate Blog
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Friday, August 10, 2007
The National Association of Realtors released its annual Profile of Buyers' Home Feature Preferences. Among the most preferred features nationwide were: oversized garages, central air conditioning, a walk-in closet in the master bedroom, hardwood floors, granite countertops, cable/satellite TV readiness and energy efficiency.
One other significant finding was that about 60% of recent homebuyers started a remodeling or home improvement project within the first three months after their purchase. The kitchen and bathroom were the areas that received the most remodeling attention. The median amount spent by buyers on home improvement within the first three months after purchase was $4,350.
Remodeling and home improvement projects are very common among homebuyers in the Ulster County area. This is particularly true because the housing stock is older than many areas of the country. The cost of material and labor tends to be higher also, so homebuyers in Ulster County should expect to budget for more than the median amount.
Thursday, August 09, 2007
We are pleased to announce the launch of www.CatskillsNYRealEstate.com. This site is the culmination of a lot of hard work and effort. We designed to site to appropriately focus on Catskills Real Estate in the Catskill region of Greene, Ulster and Delaware Counties. Please check it out--we think you will like the functionality and the new sleek look. Feel free to visit the site and to leave comments or suggestions for us.
Thursday, August 02, 2007
A local news outlet is reporting that Ulster County lawmakers are proposing an Ulster County Real Estate Transfer Tax to cover a shortfall in the budget. The tax would be $5 per $500 of the sales price, but would exempt home sales under the Ulster County Median Home Price, which is approximately $260,000.This real estate tax proposal is another attempt to cover up poor government management by taxing real estate. Residents already suffer from some of the highest property taxes in the country and the highest mortgage closing costs in the country. If the proposal passes, it will have a negative effect on the Ulster County Real Estate market, which is already showing signs of slowing down.
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