Don't believe everything you read about which upgrades do or do not increase your property value. All real estate is local, even hyper-local, and some general statements about real estate just don't apply in Crofton Maryland and other communities in the Baltimore-Washington area.
According to Allegra Muzillo, in a blog post earlier this month on Real Simple, it will de-value your home to convert a bedroom into a home office. Just to add validity to her point, she cites a Manhattan real estate expert who agrees, and says doing this will give you one less bedroom to advertise.
In fact, I've never seen an agent in this area advertise a home as having three bedrooms when the fourth bedroom is furnished and used as a home office. And I've never encountered a prospective buyer who couldn't imagine office furniture in a bedroom or bedroom furniture in an office.
Maybe we're just smarter in the Crofton area than folks in some other parts of the country! But what about your property value...
I don't believe it will make any difference at all in the sale price of your Crofton home, at least not in the eyes of an appraiser or assessor who is concerned with above-grade finished square footage. If the room has a closet and a window large enough to satisfy fire regulations for a bedroom, those factors will likely determine if it's a bedroom - not the furniture placed in the room or its usage.
My recommendation is very simple: Put your existing living space to work for you!
In neighborhoods like we have throughout the Crofton area, homes are similar enough that comps, market trends and condition will determine your property value. When you're ready to sell, focus on de-cluttering, cleaning, neutralizing, making repairs and staging because THAT will make a far greater difference in your selling price than whether there is a desk or a bed in one of the bedrooms!
Originally posted by Margaret Woda at www.FocusOnCrofton.com
The first-time home buyer tax credit is probably responsible for the decline in average and median home prices in Crofton Maryland since August, because first time homebuyers generally purchase at the low end of the market. Overall for the year, however, the trend in prices has been upward with the average sold price at $268,400 in January and $319,137 in October, and the median sold price increasing from $250,000 in January to $308,000 in October.

At the same time, that tax credit may be the reason more homes sold in September and October of this year than in 2008 - the only two months of this year when closings exceeded the same month last year.

My crystal ball is still fuzzy about the future of Crofton real estate because statistics are providing mixed signals. One thing is in clear focus, however: The number of new listings went down this year, and the number of non-contingent contracts went up. In fact, these two numbers are closer than they've been (for October) since 2006 - and that's something I'd like to see continue.

If we could have a few more months with the number of new contracts and new listings, I'd say we have a positive trend going and the future is bright for real estate in Crofton.
It will be interesting to see how the Crofton real estate market changes with the new expanded tax credit, which makes current home owners eligible for $6500 if they've owned and occupied a home for 5 of the past eight years. Hopefully that will give a boost to home sales in a different price range.
P.S. Be sure to click through and read Has Crofton Real Estate Bottomed Out Yet?

May I suggest you spend this evening in the company of your neighbors, as members of Baldwin Methodist Church, St. Steven’s Episcopal Church, St. Paul’s Lutheran Church and St. Elizabeth Ann Seton Catholic Parish perform Howard Goodall’s Requiem to honor our fallen service members.
This memorial service will be held at 7:30 p.m. tonight at St. Elizabeth Ann Seton, 1800 Seton Drive in Crofton, off Rt. 424 near Crofton Middle School. It will be the premier of this music East of the Mississippi and the National premier of the arrangement created especially for parish performance.
Participants in this extravaganza have been rehearsing for many weeks, and they say it’s exhilarating new music with expressive colour and driving rhythms. What a wonderful way to honor the veterans in our families and local communities!
Why not take a Veteran or active-duty service member out to dinner tonight and then attend this service together?
There are specials today for veterans and active duty military at many area restaurants including Outback Steakhouse and Applebee’s. Check with your favorite restaurant.
Originally posted at FocusOnCrofton.com
It's a November tradition for the Crofton Village Garden Club to make patriotic-themed floral arrangements for wounded soldiers and other patients. Each member makes two or three of them so we'll be sure to have enough for all 120 patients at the VA Rehab and Extended Care Facility in Baltimore, Maryland.
This is a very easy and inexpensive activity that your garden club, scout troop, office or other organization could easily duplicate, following the steps in this brief video. With 40 participants, it can be accomplished in an hour or less.
Please join us in thanking our wounded veterans in November and throughout the year.
Why is it that the Maryland Department of Natural Resources went to great lengths to drain the pond on private property west of Route 3 in Crofton a few years ago when a Northern Snakehead fish was discovered there? (National Geographic News)
The answer depends somewhat on who you ask, but one common denominator in any conversation about this is the pond's proximity to the Little Patuxent River, just 75 feet from the pond. Officials and biologists were worried that this "air-breathing, land-crawling, voracious predator" would invade the state's river system and even reach the Chesapeake Bay, causing irreparable harm.
However, Maryland Department of the Environment apparently isn't concerned about the impact of development on this site, so close to the Little Patuxent River. In fact, they have issued a permit for a big box store there. I guess they don't anticipate that development of this wetland will impact the environment as negatively as that 24-inch long fish; that pollution and runoff to the Little Patuxent River, affecting the state river system and even the Chesapeake Bay, will not be a problem. Go figure!
I wonder, then, why this property was included in the Patuxent Greenway System established to protect “important” lands" If its location within the bounds of a designated State Scenic River in the critical area doesn't protect this property, can any land in Maryland be protected from a future covered in concrete?
These beautiful wildflowers were photographed at the site where the pond is located and the permit has been issued:

For more about this, please read Will This Maryland Wetland Soon Become Concrete? - Part I.
Crofton residents have successfully opposed the owner of this property and his various development schemes in the area for over 20 years. Unfortunately, this time he has succeeded in getting this critical permit from the government agency charged with responsibility for protecting our environment.
The Greater Crofton Council is an excellent resource for updates about this and other matters of local concern, so be sure to bookmark their website and check it often.
Look for Part III of this series next week on the Maryland Real Estate Blog.
PHOTO: Kathryn Para
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