August 2010 
There are 1 blog entries for August 2010.
Money Pit or Hidden Gem?
Thursday, August 12th, 2010 at 2:34pm. 465 Views, 0 Comments.
When preparing to buy or sell a home it is important to distinguish between the big and little problems that exist. A common misconception in many markets is that waterproofing a basement is considered a “money pit.” Barbara Corcoran, real estate expert on “The Today Show,” was recently asked about wet basements and its impact on the sale of a home. She responded, “Oh, this one is a money pit big time. It takes a heck of a lot of money to repair. Big money, $20,000. You’ve got to excavate around the entire house to fix a leaky basement. Not a good job.” (Watch the video at this link: http://today.msnbc.msn.com/id/26184891/vp/37278452#38572676)
It is true that wet basements can be a big problem. Due to the fact that most buyers view…
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