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Blog :: 01-2013

A New Addition to the Geri Reilly Team!


Ellen Zdyb

Ellen Zdyb


Ellen has 8 years of experience as a Realtor in Vermont, holding her Accredited Buyer's Representative (ABR), Certified Residential Specialist (CRS) and Senior Real Estate Specialist (SRES) designations. Ellen has a 10 year background in finance, marketing, project management and investments and looks forward to helping you find the home of your dreams!

You can contact Ellen at 802-862-6677 x 8 or








Open Houses Sunday 1/27 1:00-3:00pm

This Sunday, January 27th, 2013 from 1:00-3:00pm, Geri Reilly Real Estate is hosting Open Houses at two move-in ready, beautiful Chittenden County condos. Stop by to say "hi" and take a look around! We look forward to seeing you there!


128 Indian Circle #2, Colchester

Move-In Ready Ahern Winter Smaller

This charming 3 bedroom, 1 ½ bath townhome with sunny, open floor plan, formal dining room, spacious kitchen with breakfast nook and lots of natural light, spacious bedrooms, finished walk-out lower level with lots of space for a family room. 2 Back decks and 2.7 acres of common land backing up to tree line for privacy. Beautiful landscaping with perennials and shrubs in private cul de sac location within minutes to I-89 and schools, short commute to Burlington, Fletcher Allen, IBM and St. Albans. MLS#4186312 / $216,499

Directions  |  More Information




443 Westview Circle, Williston

Richer Winter Smaller

Great For Entertaining

Move right in and start enjoying all this townhouse has to offer! 2 Bedrooms and 1 ½ baths with a sunny, open floor plan. Kitchen has opening to formal dining room, great for entertaining, which looks out on spacious sunken living room with wood burning brick fireplace and door to private back deck. Spacious bedrooms including master with private sink. Enjoy detaced garage and tennis court within minutes to Tafts Corner, I-89, IBM, 5 Corners, Fletcher Allen and downtown Burlington. MLS# 4158361 / $187,500

Directions  |  More Information






Are Fixer Uppers for You?


Don't let looks deceive you, many homes with great bones have a

Don't let looks deceive you, many homes with great bones have a "rough" exterior!


The Appeal of the "Fixer-Upper"

Maximize Investment: People purchase "fixer-uppers" because they are a great way to maximize investment. The strategy behind the "fixer-upper" is: purchase the home at a lower cost, put time & money into the house by renovating it, and then sell it for a profit. If the home is in a sought-after location, chances of making a profit are increased.

Creative Freedom: "Fixer-Upper" homes allow the buyers to really make the house theirs. They can add their own personal touches and theyhave a greater amount of design freedom. Most new build homes are already pre-planned and don't allow for many homeowner personal touches. The "fixer-upper" can become the owner's personal environment.

The Disadvantages

The Potential "Money-Pit": The owner's worst nightmare is that he/she buys the "fixer-upper" and finds that they are constantly putting more and more money into unforeseen problems that were not originally budgeted for.

Chaos of Renovating: The renovation project can cause a significant amount of stress:

    • Many people can not concentrate or sleep in a house filled with disorder and dust.
    • Relationships often times take a back-seat to the renovation project. The time consuming nature of the renovation might create a strain on any relationship. On the other hand, if a couple is working together on the project, the late-night teamwork might lead to crabbiness and arguments over the slightest little issues that seem big at the time.
    • "Fixer-uppers"can take weeks... months even to complete. That is a lot of night and weekend hours dedicated to a labor intensive project.

Things to Consider Before Buying

Make Sure the Home is Worth Saving: Walk through with a contractor or architect and get their professional opinions. Take a look at the surrounding houses and see if they're in good shape. If the neighborhood is nice or going through a renovation itself, your chances for making a profit are good.

Coming Up with the Money & Financing: You can either save the money yourself, or finance it from a bank. If your mortgage is for less than the house is worth, a home equity loan could help pay for the materials that are needed to give the home a makeover. Another good strategy would be to finance the renovation in stages which would make the payments more affordable. However, it is essential to make sure the stages will, in the end, add value to the house. Otherwise, the financing is a waste of money.

Quality of Work: It is less expensive to do the labor yourself, however the work needs to be up to code otherwise future buyers won't want to buy the house. Before purchasing, create a plan and budget that will detail how much money is spend on materials, what labor you as the owner will do yourself, and how much money can be spent on professional help.

For more advice on buying a home, from fixer uppers to bank owned and beyond, contact Geri Reilly at or 802-862-6677 x 1.