PAGE 4 June 25, 2008
The Newscaster/Nature Coast News
Real Estate Today
The Price of Poker Has Gone Up
A Guest Commentary by Darryl Diamond
either buy a new home, or they
It is 1993, and after having just pur-
will buy a good existing prop-
chased a small cement block home to fix up
erty.
and resell for only $10,000. I'm a happy camper.
If your home is in ex-
This home then receives, new interior carpet-
cellent move in condition, you
ing, a second bath room is installed, the
should point that out to any
kitchen is completely updated with new cabi-
prospective buyer. In these
nets and new flooring, new interior ceilings,
times where there are many properties to pick
some new plumbing, some new electric, and
from, the fact that your prospective buyer
new paint in and out. New central heat and air
does not have to spend a large amount of
was also added.
money along with the inconvenience of con-
I remember clearly to this day that
struction and/or renovations after they move
the repairs came to almost exactly $20,000. for
in is an important selling point, so use it if
a $30,000. Total investment. This 3/2 cement
you can.
block home was sold right away for $48,000.,
As far as my actual poker games, in
and yes $18,000 was a nice profit for that time.
1993 when I had no wife, I used to have a
The same amount of rehab work to-
monthly cycle where I would lose $40. one
day would run you more than twice as much,
month then win $40. the next month. Today it
in the $50,000. Range. The cost of materials
is not exactly the same, now my monthly cycle
has gone up, the cost to deliver these materi-
is more like I lose $40. at poker, and my wife
als has gone up, and in most situations the
yells at me for a month.
cost of licensed and insured labor has gone
Darryl, Vicki, and Shirley are "The
up. One of my neighbors in peaceful acres
Diamond Team" Whether you are purchas-
just received an estimate for a new roof. The
Art Center Honors Photographers - The Art Center Camera Club held their final
ing a small vacation home, a million dollar
price was $6,900. for a complete new roof, but
meeting on June 2nd before stopping for a summer break. It was party time for everyone as
mansion, or a commercial property, we have
that price was only good for one week as roof-
there was lots of food and good conversation between both the expert and not so expert
the expertise gained from many years of expe-
ing materials are going up again next week.
photographers. Trophies were awarded for the greatest number of merits and the greatest
rience to professionally represent you.
This increase in materials, along with
number of competition points during the year. Judie Small was the winner of both awards with
If you are a buyer, or know a buyer
higher impact fees on new construction,
10 merits out of ten entries.
we would appreciate the opportunity to serve
means that builders will have to charge more
All members studied the merit winners on display. After a tough decision, they
them. Please call Diamond Investments Inc.
for any new home they build. What this may
picked their favorites in the annual "Best of the Best" voting. This year's first place winners
at 352-447-4442. I'll see you around "The Cam-
mean over the next few years is that your home
are as follows: Paul Simison's "Snowy Pair" (shown above) won in Advanced, Bill Sullinski in
pus"
value will start going up. After all, buyers can
Intermediate, Bill Bluver in Novice. Other place winners were Tim Arnold, Alan Tigner, Pete
Important Toll Free Numbers
Gumaskas, Gene Taormina, and Judie Small. Club meetings will resume in September.
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