There are dangers in catching a knife as it drops. The danger is in securely grasping the handle instead of the blade. There are repercussions for missing the handle, some of which could be painful. What would some of those repercussions be? The repercussions of missing your mark and grasping the falling blade can be measured in either adhesive bandages or lengthy visit to the Emergency Room. Sounds like the risk of catching a falling knife are not worth the reward.
Similarly in the Richmond custom homes market, catching a fabulous deal on a used home comes with a set of repercussions. The repercussions could be as simple as the need for maintenance or as profound and catastrophic as reconstruction. The value of a used home needs to be inspected with a keen eye, determining more than the initial cost of homeownership.
What will the cost be to raise the home’s standards of safety, structural integrity and modernization? Will the extra expense of raising the standards increase the value of the home compared to the surrounding homes in the neighborhood? Or, will the extra cost be like catching a dropping knife?
Boone Homes builds estate and no maintenance luxury homes in Richmond in exclusive communities. Each new home that we build is constructed with the latest technological advances, the latest construction science and the latest energy efficiency standards. The ENERGY STAR® qualified homes can save the buyer between 38 to 45 percent in heating and cooling costs alone. Though a new home may have the appearance of higher initial expenses, the differential is made up in energy, comfort and long term savings.