Financial Tidbits 01/29/2013

 Remodeling Magazine itemizes the estimated ROI for various common home remodeling projects. In order, the biggest bang for the buck when remodeling comes from  replacing an entry door (73%), followed by a minor kitchen remodel (72%); deck addition (70%); replacing a window (68%); basement (67%); major kitchen remodel (66%); bathroom (62%) and a roofing replacement (58%). If you are going to do any work on your home this year, we thought you might like to know where to spend your time to improve your return.

Brookings Institution finds, that of the largest 100 metropolitan areas, housing costs an average of 2.4x more near a high scoring public school than a low scoring school (about $11,000 more per year). In addition, home values are $205,000 higher on average in the neighborhoods of high scoring vs. low scoring schools and those homes have 1.5 more rooms. Finally, the study found 60% of high school dropouts came from the bottom 20% of families by income and 70% of students enrolled at the most competitive universities in the country came from the top quintile of parental socio-economic status.

Computer security firm RSA reports the number of phishing attacks in 2012 jumped 59% vs. 2011. The total cost of this fraud is an estimated $1.5B globally, about 22% higher than 2011.

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Branch Manager that has worked in the small to medium sized business lending field. I have experience in all types commercial lending and I'm here to provide insights from a lender's point of view. I hope to impart some knowledge that can take your business or profession to the next level. I currently work as a Branch Manager at the 10th & Bannock Office for Banner Bank in Boise, Idaho.

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Posted in Home Prices, Homeownership, Real Estate, Remodeling

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