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Bargain Properties >A Home With a History

A colorful history can add significantly to the value of a home. Researching the provenance of a property you are interested in buying can be both interesting and ultimately profitable. The market value of a home will be greater if it was designed by a notable architect, built by a company with a reputation for the finest construction, or lived in by a celebrity who hosted famous guests.

Ask your real estate agent if there is any historical data of significance associated with the home, or if previous owners were VIPs. Note the names associated with the deed and title to the home, and look them up with the help of the local historical society. Consult the microfiche in newspaper archives for references to colorful details of the home's past. The county assessor's office may have records of the date the home was built, and building permits may reveal the name of the architect. When inspecting the home, search closets and attics carefully for hidden historical "treasures".

Buying an older home at a bargain price, then re-selling when it is renovated and restored can be an enjoyable and lucrative adventure.

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Q	In what area of the United States did the price of existing homes increase most dramatically in 2005?
A	Phoenix, Arizona real estate recorded a 55.2 percent increase in home prices during 2005.
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Jesse and Kimm Pastrana, REALTOR®, real estate agents and broker for Minneapolis, St. Paul, Twin Cities and Bloomington Minnesota home listings, property and land for sale - NUMBER1EXPERT(tm)

Jesse and Kimm Pastrana
Century 21 Pastrana Realty
3209 W 76th Street #203
Edina, MN 55435
Tel: 612-824-2272
Tel: 612-282-4477
Email: jesseandkimmpastrana@NUMBER1EXPERT.com
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